Loans and
advances to customers

Loans and advances to customers

  31.12.2011 31.12.2010
Gross loans and advances to customers, of which: 147 292 737 135 524 789
financial entities 1 241 461 2 992 518
corporate, of which: 1 241 461 2 992 518
receivables due from repurchase agreements 93 899 1 577 744

deposits of Brokerage House in Stock Exchange Guarantee Fund and collateral deposit

6 891 12 892
non-financial entities 139 926 701 127 986 447
corporate, of which: 45 051 202 40 099 575
receivables due from repurchase agreements 11 341 8 607
mortgage 70 808 365 62 440 607
consumer 24 067 134 25 446 265
State budget entities 5 043 786 3 820 961
corporate 5 043 786 3 820 320
mortgage - 641
Interest 1 080 789 724 863
Impairment allowances on loans and advances to customers (5 658 243) (4 856 670)
Loans and advances to customers - net 141 634 494 130 668 119


  31.12.2011 31.12.2010
Loans and advances granted    
Valued with the individual method 6 549 383 6 562 353
impaired, of which: 5 701 547 5 899 231
receivables from finance leases 142 150 125 556
not impaired, of which: 847 836 663 122
receivables from finance leases 89 493 155 373
Valued with the portfolio method 6 095 685 4 987 943
impaired, of which: 6 095 685 4 987 943
receivables from finance leases 107 903 102 133
Valued with the group method (IBNR), of which: 134 647 669 123 974 493
receivables from finance leases 2 656 595 2 177 602
Loans and advances granted – gross 147 292 737 135 524 789
Allowances on exposures valued with the individual method (2 079 621) (1 765 956)
Impaired, of which: (2 079 621) (1 765 956)
allowances on lease receivables (36 180) (29 509)
Allowances on exposures valued with the portfolio method, of which: (2 910 042) (2 593 103)
allowances on lease receivables (60 091) (48 013)
Allowances on exposures valued with group method (IBNR), of which: (668 580) (497 611)
allowances on lease receivables (12 102) (12 383)
Allowances - total (5 658 243) (4 856 670)
Loans and advances granted – net 141 634 494 130 668 119


31.12.2011 31.12.2010
Loans and advances granted – gross, of which: 147 292 737 135 524 789
retail and private banking 21 635 864 23 124 799
mortgage banking 65 614 374 58 052 382
small and medium enterprises 17 245 213 15 969 362
housing market clients 7 897 963 6 978 870
corporate  33 654 831 29 003 774
transactions with receivables due from repurchase agreements 105 240 1 586 351
other receivables 58 463 84 388
Interests 1 080 789 724 863
Impairment allowances on loans and advances granted (5 658 243) (4 856 670)
Loans and advances granted – net 141 634 494 130 668 119

A detailed description of changes in allowance has been presented in the Note 11.

As at 31 December 2011, the share of impaired loans amounted to 8.0% (as at 31 December 2010: 8.0%), whereas the coverage ratio for impaired loans (calculated as total impairment allowances on loans and advances divided by gross carrying amount of impaired loans) amounted to 48.0% (as at 31 December 2010: 44.6%).

As at 31 December 2011, the share of loans overdue by more than 90 days in the gross amount of loans and advances was 4.6% (as at 31 December 2010: 4.3%).

An increase in the volume of loans valued with the portfolio method in 2011 by PLN 1 107 742 thousand resulted mainly from the increase in delays in repayment in the portfolio of mortgage loans and corporate loans (mainly small and medium enterprises).

Finance lease agreements

Finance lease – lessor

The Group conducts lease activities through the entities from the Bankowy Fundusz Leasingowy SA Group.

The value of gross investments in leases and the minimum lease payments resulting from finance lease agreements amounted to:

as at 31 December 2011

Finance lease receivables Gross lease investment Present value of the minimal lease payments Unrealised income
Gross lease investment value and minimal lease payments 
Gross lease receivables:
up to 1 year 1 236 555 1 054 102 182 453
from 1 year to 5 years 1 858 913 1 593 253 265 660
over 5 years 432 391 348 786 83 605
Gross total 3 527 859 2 996 141 531 718
Impairment allowances (108 373) (108 373) -
Net total 3 419 486 2 887 768 531 718


Net lease investment   
Present value of the minimal lease payments 2 996 141
of which non guaranteed final amounts due to the lessor 1 216

as at 31 December 2010

Finance lease receivables Gross lease investment Present value of the minimal lease payments Unrealised income
Gross lease investment value and minimal lease payments 
Gross lease receivables:
up to 1 year 1 094 331 944 182 150 149
from 1 year to 5 years 1 520 458 1 310 743 209 715
over 5 years 370 404 305 739 64 665
Gross total 2 985 193 2 560 664 424 529
Impairment allowances (89 905) (89 905) -
Net total 2 895 288 2 470 759 424 529


Net lease investment  
Present value of the minimal lease payments 2 560 664
of which non guaranteed final amounts due to the lessor 1 059