ING Bank Śląski | Annual Report 2014

ING BANK ŚLĄSKI

ING BANK ŚLĄSKIAnnual Report 2014

Financial results
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21. Loans and receivables to customers

21.1. Customer loans portfolio

View the data in terms of 8-year-period

  end of 2014 end of 2013
Customer loan portfolio, of which: 58,750.4 49,982.2
  - Loans and advances 48,750.6 41,690.3
  - Leasing receivables 4,397.7 3,650.5
  - Factoring receivables 2,830.4 2,465.7
  - Corporate and municipal bonds 2,771.7 2,175.7
Other receivables, of which: 4,029.9 3,815.3
  - T-eurobonds 3,923.9 3,685.8
  - Other 106.0 129.5
Total loans and receivables to customers (gross) 62,780.3 53,797.5
Impairment losses, of which: -1,725.5 -1,559.6
  - concerning customer loan portfolio, of which: -1,720.3 -1,554.4
     - concerning loans and advances -1,638.7 -1,482.0
     - concerning leasing receivables -62.1 -59.7
     - concerning factoring receivables -13.9 -11.9
     - concerning corporate and municipal bonds -5.6 -0.8
  - concerning other receivables -5.2 -5.2
Total loans and receivables to customers (net), of which: 61,054.8 52,237.9
  - to entities from the financial sector other than banks 1,869.1 1,568.1
  - to entities from the non-financial sector 51,461.1 43,409.1
  - to entities from the government and self-government institutions’ sector 7,724.6 7,260.7

 

Loans and other receivables to entities from the financial sector other than banks
  end of 2014 end of 2013
Loans and advances, of which: 1,778.7 1,457.9
  - in the current account 584.6 66.8
  - term ones 1,194.1 1,391.1
Leasing receivables 0.8 0.4
Other receivables 90.8 110.6
Total (gross) 1,870.3 1,568.9
Impairment losses, of which: -1.2 -0.8
  - concerning loans and advances -1.2 -0.8
Total (net) 1,869.1 1,568.1

 

Loans and other receivables to entities from the non-financial sector
  end of 2014 end of 2013
Business entities, of which: 30,268.0 25,951.0
Loans and advances, of which: 21,870.5 18,761.5
  - in the current account 5,724.2 5,223.0
  - term ones 16,146.3 13,538.5
Leasing receivables 3,972.8 3,509.9
Factoring receivables 2,746.0 2,416.5
Corporate bonds 1,664.1 1,244.8
Other receivables 14.6 18.3
Households, of which: 22,916.2 19,015.9
Loans and advances, of which: 22,441.0 18,842.6
  - in the current account 1,542.6 1,435.5
  - term ones 20,898.4 17,407.1
Leasing receivables 424.1 140.2
Factoring receivables 50.6 32.6
Other receivables 0.5 0.5
Total (gross) 53,184.2 44,966.9
Impairment losses, of which: -1,723.1 -1,557.8
Business entities, of which: -1,125.4 -1,062.3
  - concerning loans and advances -1,040.0 -985.6
  - concerning leasing receivables -61.3 -59.5
  - concerning factoring receivables -13.8 -11.7
  - concerning corporate bonds -5.6 -0.8
  - concerning other receivables -4.7 -4.7
Households, of which: -597.7 -495.5
  - concerning loans and advances -596.3 -494.6
  - concerning leasing receivables -0.8 -0.2
  - concerning factoring receivables -0.1 -0.2
  - concerning other receivables -0.5 -0.5
Total (net) 51,461.1 43,409.1

 

Loans and other receivables to entities from the government and self-government institutions’ sector
  end of 2014 end of 2013
Loans and advances, of which: 2,660.4 2,628.3
  - in the current account 6.7 32.6
  - term ones 2,653.7 2,595.7
Leasing receivables 0.0 0.0
Factoring receivables 33.8 16.6
Municipal bonds 1,107.6 930.9
T-eurobonds 3,923.9 3,685.8
Other receivables 0.1 0.1
Total (gross) 7,725.8 7,261.7
Impairment losses, of which: -1.2 -1.0
 - concerning loans and advances -1.2 -1.0
Total (net) 7,724.6 7,260.7

In 2008, the Group reclassified a part of the debt securities portfolio from available-for-sale financial assets to loans and other receivables category. The said securities included, but were not limited to, T-bonds (euro-bonds), commercial papers, and municipal bonds that after reclassification are presented herein. T-bonds are hedged against IR risk in the fair value hedge accounting. Specific disclosures on reclassification are presented in note no. 18.1.

Loans and receivables to customers by maturity (gross)

  end of 2014 end of 2013
up to 1 month 9,692.0 8,484.3
over 1 month and up to 3 months 2,430.5 2,348.1
over 3 months and up to 1 year 7,114.1 7,046.4
over 1 year and up to 5 years 21,757.8 17,077.6
over 5 years 20,139.5 17,393.9
overdue 1,646.4 1,447.2
Total 62,780.3 53,797.5

Fair value hedge - hedged items

Below table presents value of securities classified to the category of loans and advances and hedged within FVH accounting.

  end of 2014 end of 2013
Fixed rate debt instruments, of which: 3,923.9 3,685.8
  - Treasury bonds 3,923.9 3,685.8
Total 3,923.9 3,685.8

 Detailed information on the hedge accounting applied in the Group is presented in the subsequent part of the report in note no. 40 Hedge accounting.

Customer loans portfolio by client segment

  end of 2014 end of 2013
Gross value, of which: 58,750.4 49,982.2
Corporate banking segment, of which: 36,781.0 31,476.7
  - loans and advances 27,005.7 23,357.6
  - leasing receivables 4,173.7 3,510.3
  - factoring receivables 2,829.9 2,433.1
  - corporate and municipal bonds 2,771.7 2,175.7
Retail banking segment, of which: 21,969.4 18,505.5
  - mortgages 16,680.8 14,018.2
  - other loans and advances 5,288.6 4,487.3
Impairment losses, of which: -1,720.3 -1,554.4
Corporate banking segment, of which: -1,153.7 -1,067.5
  - loans and advances -1,072.3 -993.6
  - leasing receivables -61.9 -60.9
  - factoring receivables -13.9 -12.2
  - corporate and municipal bonds -5.6 -0.8
Retail banking segment, of which: -566.6 -486.9
  - mortgages -173.3 -137.1
  - other loans and advances -393.3 -349.8
Net value, of which: 57,030.1 48,427.8
Corporate banking segment, of which: 35,627.3 30,409.2
  - loans and advances 25,933.4 22,364.0
  - leasing receivables 4,111.8 3,449.4
  - factoring receivables 2,816.0 2,420.9
  - corporate and municipal bonds 2,766.1 2,174.9
Retail banking segment, of which: 21,402.8 18,018.6
  - mortgages 16,507.5 13,881.1
  - other loans and advances 4,895.3 4,137.5

Sale of debt

In 2014 the Group sold a portfolio of corporate receivables. The total amount of receivables sold under the agreement equalled USD 29.3 million (principal and interest), which are fully covered with impairment losses. As a consequence of the agreement described herein, the Group decreased its non-performing loans portfolio by USD 29.1 million.

In 2013 the Group sold a portfolio of retail receivables. The total amount of receivables sold under the agreement equalled PLN 295.4 million (principal and interest), which are fully covered with impairment losses, or written off the Group balance sheet in full. As a consequence of the agreement described herein, the Group decreased its non-performing loans portfolio by PLN 155.1 million.

Repayment security

In line with the credit policy, the Group accepts collateral to secure repayment of the loans extended in the form of blocked borrower’s account funds and the borrower’s assets. More information about collaterals is presented in the part "Risk Management in Capital Group of ING Bank Śląski S.A.", in Chapter I Credit Risk Management, in the point no 7.4. Repayment Security and Other Forms of Credit Risk Mitigation.

21.2. Receivables from finance lease

The future minimum lease payments that are to be received by the Group under lease agreements are as follows:

  end of 2014 end of 2013
up to 1 year 1,225.4 958.8
over 1 year and up to 5 year 2,483.1 2,009.2
over 5 years 689.2 682.5
Total 4,397.7 3,650.5

The Group’s gross receivables under financial lease under lease agreements are as follows:

  end of 2014 end of 2013
up to 1 year 1,371.6 1,098.6
over 1 year and up to 5 year 2,734.7 2,272.8
over 5 years 746.2 768.6
Total 4,852.5 4,140.0

The present value of minimum lease instalments is as follows:

  end of 2014 end of 2013
Receivables (gross) from finance leases 4,852.5 4,140.0
Undue interest 454.8 489.5
The present value of minimum lease instalments 4,397.7 3,650.5

21.3. Quality of customer loan portfolio

View the data in terms of 8-year-period

Customer loan portfolio division by impairment condition and impairment loss estimation method

  end of 2014 end of 2013
Corporate banking segment    
Gross value, of which: 36,781.0 31,476.7
  - unimpaired (IBNR*)) 34,981.4 29,663.1
  - impaired, of which: 1,799.6 1,813.6
     - measured individually (ISFA*)) 1,552.2 1,613.6
     - measured as the portfolio (INSFA*)) 247.4 200.0
Impairment losses, of which: -1,153.7 -1,067.5
  - unimpaired (IBNR*)) -79.5 -47.9
  - impaired, of which: -1,074.2 -1,019.6
     - measured individually (ISFA*)) -893.5 -916.4
     - measured as the portfolio (INSFA*)) -180.7 -103.2
Net value, of which: 35,627.3 30,409.2
  - unimpaired (IBNR*)) 34,901.9 29,615.2
  - impaired, of which: 725.4 794.0
     - measured individually (ISFA*)) 658.7 697.2
     - measured as the portfolio (INSFA*)) 66.7 96.8
     
Retail banking segment    
Gross value, of which: 21,969.4 18,505.5
  - unimpaired (IBNR*)) 21,389.6 18,004.5
  - impaired 579.8 501.0
Impairment losses, of which: -566.6 -486.9
  - unimpaired (IBNR*)) -87.8 -103.5
  - impaired -478.8 -383.4
Net value, of which: 21,402.8 18,018.6
  - unimpaired (IBNR*)) 21,301.8 17,901.0
  - impaired 101.0 117.6
     
Total gross value, of which: 58,750.4 49,982.2
  - unimpaired (IBNR) portfolio 56,371.0 47,667.6
  - impaired portfolio 2,379.4 2,314.6
     
Total impairment losses, of which: -1,720.3 -1,554.4
  - unimpaired (IBNR) portfolio -167.3 -151.4
  - impaired portfolio -1,553.0 -1,403.0
     
Total net value, of which: 57,030.1 48,427.8
  - unimpaired (IBNR) portfolio 56,203.7 47,516.2
  - impaired portfolio 826.4 911.6

*) IBNR – Incurred But Not Reported; ISFA – Individually Significant Financial Assets;  INSFA – Individually Non- Significant Financial Assets

21.4. Movements in impairment losses concerning customer loan portfolio

  2014 2013
Opening balance 1,554.4 1,424.0
Movements in impairment losses, of which: 165.9 130.4
  - Recognised during the period 628.7 684.8
  - Reversed during the period -365.0 -408.6
  - Receivable written off as allowances -104.3 -202.7
  - Amounts recovered from loans previously written off 5.7 13.4
  - Unwinding interest 9.1 -2.1
  - Amount of previous FV adjustment for restructuring unmatured FM assets*) -0.8 9.0
  - Other -7.5 36.6
Closing balance 1,720.3 1,554.4

*) FM assets – credit receivable arising from restructuring derivative transaction concluded by the Bank with its clients.

​Movements in impairment losses concerning customer loan portfolio by client segments

2014
  Corporate banking segment Retail banking segment TOTAL
loans and
advances
bonds TOTAL mortgages other
loans and
advances
TOTAL
Opening balance 1,066.7 0.8 1,067.5 137.1 349.8 486.9 1,554.4
Movements in impairment losses, of which: 81.4 4.8 86.2 36.2 43.5 79.7 165.9
- Recognised and reversed during the period 180.2 4.8 185.0 36.5 42.2 78.7 263.7
- Receivable written off as allowances -98.3 0.0 -98.3 -0.9 -5.1 -6.0 -104.3
- Amounts recovered from loans previously
written off
1.0 0.0 1.0 0.2 4.5 4.7 5.7
- Unwinding interest 0.1 0.0 0.1 0.1 8.9 9.0 9.1
- Amount of previous FV adjustment for
restructuring unmatured FM assets
-0.8 0.0 -0.8 0.0 0.0 0.0 -0.8
- Other -0.8 0.0 -0.8 0.3 -7.0 -6.7 -7.5
Closing balance 1,148.1 5.6 1,153.7 173.3 393.3 566.6 1,720.3

 

2013
  Corporate banking segment Retail banking segment TOTAL
loans and
advances
bonds TOTAL mortgages other
loans and
advances
TOTAL
Opening balance 895.7 57.8 953.5 87.8 382.7 470.5 1,424.0
Movements in impairment losses, of which: 171.0 -57.0 114.0 49.3 -32.9 16.4 130.4
- Recognised and reversed during the period 135.3 12.5 147.8 49.5 78.9 128.4 276.2
- Receivable written off as allowances -53.0 0.0 -53.0 -2.0 -147.7 -149.7 -202.7
- Amounts recovered from loans previously
written off
0.8 0.0 0.8 0.4 12.2 12.6 13.4
- Unwinding interest -5.4 -0.5 -5.9 -0.8 4.6 3.8 -2.1
- Amount of previous FV adjustment for
restructuring unmatured FM assets
9.0 0.0 9.0 0.0 0.0 0.0 9.0
- Other 84.3 -69.0 15.3 2.2 19.1 21.3 36.6
Closing balance 1,066.7 0.8 1,067.5 137.1 349.8 486.9 1,554.4

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