14. Cash in hand and balances with the Central Bank
|end of 2014||end of 2013|
|Cash in hand||1,097.3||823.3|
|Balances with the Central Bank||4,233.4||6,146.8|
The Group’s parent company maintains a mandatory provision - at the level of 3.5% of the value of deposits received by the parent company - in its current account kept with the National Bank of Poland.
The arithmetic mean of balances of the mandatory reserve that the Group’s parent company
is obliged to maintain during a given period in the current account with NBP amounts to:
- PLN 2,597.8 million for the period from 31 Dec 2014 to 1 Feb 2015,
- PLN 2,339.5 million for the period from 31 Dec 2013 to 30 Jan 2014.
The Group may utilise the credit limit with the National Bank of Poland representing 85%
of the face value of Treasury securities subject to pledge, which as at 31 Dec 2014 represented PLN 13,180.6 million compared with PLN 11,530.1 million as at 31 Dec 2013.