18. Loans and advances to banks

 
  31.12.2014 31.12.2013
Current accounts 492 313 479 627
Placements with other banks (up to 3 months) 459 943 1 167 287
Included in cash equivalents (Note 43) 952 256 1 646 914
Loans and advances 214 148 149 829
Term placements with other banks 10 396 4 953
Reverse repo / buy-sell-back transactions 1 811 151 1 249 936
Other receivables 764 948 419 898
Total (gross) loans and advances to banks 3 752 899 3 471 530
Provisions created for loans and advances to banks (negative amount) (1 484) (289)
Total (net) loans and advances to banks 3 751 415 3 471 241
Short-term (up to 1 year) 3 687 301 3 445 025
Long-term (over 1 year) 64 114 26 216
prev next

 

In 2014, the item "Other receivables" includes cash collaterals (as at 31 December 2014: PLN 563 150 thousand, 31 December 2013: PLN 272 259 thousand) deposited by the Group under the derivative transactions (Note 37).

The following table presents receivables from Polish and foreign banks:

 
  31.12.2014 31.12.2013
Loans and advances to Polish banks (gross) 1 220 190 934 387
Provisions created for loans and advances to Polish banks (234) (118)
Loans and advances to foreign banks (gross) 2 532 709 2 537 143
Provisions created for loans and advances to foreign banks (1 250) (171)
Total (net) loans and advances to banks 3 751 415 3 471 241
prev next

 

As at 31 December 2014, the variable rate loans to banks amounted to PLN 204 336 thousand and the fixed rate loans to banks amounted to PLN 9 812 thousand (as at 31 December 2013 – variable rate loans to banks amounted to PLN 140 215 thousand and fixed rate loans to PLN 9 614 thousand).

As at 31 December 2014 and 31 December 2013, the term placements with other banks were fixed rated and amounted to PLN 470 339 thousand and PLN 1 172 240 thousand respectively. An average deposit interest rate for deposits in other banks and loans granted to banks amounted to 1.50% (31 December 2013: 1.42%).

The following table presents the changes in provisions for losses on amounts due from banks:

 
  31.12.2014 31.12.2013
Provisions for loans and advances to banks as at the beginning of the period (289) (559)
Provisions created (Note 13) (6 241) (1 664)
Release of provisions (Note 13) 5 127 1 946
Foreign exchange differences (81) (12)
Provisions for loans and advances to banks as at the end of the period (1 484) (289)
prev next

 

As at 31 December 2014, provisions for loans and advances to banks relates mainly to the loans without impairment, as at 31 December 2013 provisions for loans and advances to banks relates as a whole to the loans without impairment.

 
Loans and advances to banks 31.12.2014 31.12.2013
exposure
in PLN '000

share/coverage
(%)

exposure
in PLN '000

share/coverage
(%)

Neither past due nor impaired 3 752 782 100.00 3 471 530 100.00
Past due but not impaired - - - -
Impaired 117 0 - -
Total, gross 3 752 899 100.00 3 471 530 100.00
Provision (provision for impaired loans and advances as well as IBNI provision) (1 484) 0,04 (289) 0.01
Total, net 3 751 415 99.96 3 471 241 99.99
prev next

 

 Loans and advances neither past due nor impaired

 
Loans and advances to banks
Sub-portfolio 31.12.2014 31.12.2013
1 1 421 582 1 860 281
2 1 192 383 881 110
3 145 096 203 301
4 641 456 230 093
5 1 063 42 827
6 - -
7 19 491 -
8 173 171 116 261
other* 158 540 137 657
Total 3 752 782 3 471 530
prev next

*) position “other” concerns these entities, which do not use the same rating systems as mBank S.A.