28. Amounts due to other banks

 

 
  31.12.2014 31.12.2013
Current accounts 684 644 1 458 250
Term deposits 10 084 475 510
Loans and advances received 11 345 217 14 692 269
Repo / sell-buy-back transactions 1 124 586 2 391 742
Liabilities in respect of cash collaterals 172 838 166 958
Payables to be settled 2 739 2 915
Other 43 721 36 538
Amounts due to other banks 13 383 829 19 224 182
     
Short-term (up to 1 year) 5 121 501 8 432 484
Long-term (over 1 year) 8 262 328 10 791 698
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As at 31 December 2014, the fixed rate term deposits accepted from other banks amounted to PLN 10 084 thousand (31 December 2013: PLN 475 510 thousand). In both periods, there were no variable rate term deposits.

As at 31 December 2014 and as at 31 December 2013, loans and advances received, were variable rate loans.

The average interest rate for loans and deposits obtained from banks in 2014 amounted to 1.25% (31 December 2013: 1.31%).

mBank S.A. did not provide collateral related to loans from other banks. The Group did not note any violations of contractual terms related to liabilities in respect of loans received.