33.3. Loans and advances to customers – Changes in allowances for expected credit losses
Report Online
2020
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD
2020 |
Stage 1 | Stage 2 | Stage 3 | Total | including POCI |
| Measured at: fair value through OCI | |||||
| Consumer loans | |||||
| As at the beginning of the period | – | – | (1) | (1) | (1) |
| Other adjustments | – | – | 1 | 1 | 1 |
| As at the end of the period | – | – | – | – | – |
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD
2020 |
Stage 1 | Stage 2 | Stage 3 | Total | including POCI |
| Measured at: amortized cost | |||||
| Housing loans | |||||
| As at the beginning of the period | (55) | (527) | (1 384) | (1 966) | (32) |
|
Transfer from stage 2 and 3 to stage 1 |
(5) | 5 | – | – | – |
|
Transfer from stage 1 and 3 to stage 2 |
323 | (347) | 24 | – | – |
|
Transfer from stage 1 and 2 to stage 3 |
27 | 86 | (113) | – | – |
|
Increase due to recognition and purchase |
(8) | – | – | (8) | – |
|
Changes in credit risk (net) |
65 | (73) | 43 | 35 | 8 |
|
Decrease due to derecognition |
8 | 2 | 6 | 16 | 5 |
|
Changes due to modification without derecognition (net) |
(3) | (14) | (15) | (32) | – |
|
Write-offs |
– | (1) | 33 | 32 | – |
|
Other adjustments |
(410) | 248 | 2 | (160) | (8) |
| As at the end of the period | (58) | (621) | (1 404) | (2 083) | (27) |
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD
2020 |
Stage 1 | Stage 2 | Stage 3 | Total | including POCI |
| Measured at: amortized cost | |||||
| Corporate loans | |||||
| As at the beginning of the period | (363) | (314) | (2 875) | (3 552) | 2 |
|
Transfer from stage 2 and 3 to stage 1 |
(10) | 10 | – | – | – |
|
Transfer from stage 1 and 3 to stage 2 |
397 | (418) | 21 | – | – |
|
Transfer from stage 1 and 2 to stage 3 |
119 | 126 | (245) | – | – |
|
Increase due to recognition and purchase |
(85) | (39) | (86) | (210) | – |
|
Changes in credit risk (net) |
252 | (538) | (493) | (779) | 6 |
|
Decrease due to derecognition |
7 | 5 | 18 | 30 | 7 |
|
Changes due to modification without derecognition (net) |
(4) | (9) | (37) | (50) | – |
|
Changing the method of performing estimates (net effect) |
(1) | 1 | (2) | (2) | – |
|
Write-offs |
– | (2) | 216 | 214 | (2) |
|
Other adjustments |
(601) | 247 | 179 | (175) | (19) |
| As at the end of the period | (289) | (931) | (3 304) | (4 524) | (6) |
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD
2020 |
Stage 1 | Stage 2 | Stage 3 | Total | including POCI |
| Measured at: amortized cost | |||||
| Consumer loans | |||||
| As at the beginning of the period | (164) | (231) | (825) | (1 220) | (34) |
|
Transfer from stage 2 and 3 to stage 1 |
(8) | 8 | – | – | – |
|
Transfer from stage 1 and 3 to stage 2 |
253 | (259) | 6 | – | – |
|
Transfer from stage 1 and 2 to stage 3 |
181 | 153 | (334) | – | – |
|
Increase due to recognition and purchase |
(67) | (7) | (31) | (105) | (8) |
|
Changes in credit risk (net) |
63 | (302) | (304) | (543) | 10 |
|
Decrease due to derecognition |
4 | 1 | 24 | 29 | 20 |
|
Changes due to modification without derecognition (net) |
1 | (3) | (11) | (13) | – |
|
Changing the method of performing estimates (net effect) |
3 | – | (4) | (1) | 2 |
|
Write-offs |
– | – | 288 | 288 | 19 |
|
Other adjustments |
(475) | 214 | 216 | (45) | (13) |
| As at the end of the period | (209) | (426) | (975) | (1 610) | (4) |
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD
2020 |
Stage 1 | Stage 2 | Stage 3 | Total | including POCI |
| Measured at: amortized cost | |||||
| Finance lease receivables | |||||
| As at the beginning of the period | (35) | (70) | (359) | (464) | (2) |
|
Transfer from stage 1 and 2 to stage 3 |
– | 1 | (1) | – | – |
|
Increase due to recognition and purchase |
(27) | (25) | (75) | (127) | – |
|
Changes in credit risk (net) |
6 | (9) | (102) | (105) | – |
|
Decrease due to derecognition |
13 | 20 | 52 | 85 | – |
|
Write-offs |
– | – | 35 | 35 | – |
|
Other adjustments |
(1) | – | (9) | (10) | – |
| As at the end of the period | (44) | (83) | (459) | (586) | (2) |
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD
2020 |
Stage 1 | Stage 2 | Stage 3 | Total | including POCI |
| Measured at: amortized cost | |||||
| Factoring receivables | |||||
| As at the beginning of the period | (1) | – | (17) | (18) | – |
|
Transfer from stage 2 and 3 to stage 1 |
(2) | – | 2 | – | – |
|
Transfer from stage 1 and 2 to stage 3 |
4 | – | (4) | – | – |
|
Increase due to recognition and purchase |
(1) | – | (1) | (2) | – |
|
Changes in credit risk (net) |
(2) | – | – | (2) | – |
|
Decrease due to derecognition |
1 | – | 2 | 3 | – |
|
Other adjustments |
(1) | – | (1) | (2) | – |
| As at the end of the period | (2) | – | (19) | (21) | – |
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD
2019 |
Stage 1 | Stage 2 | Stage 3 | Total | including POCI |
| Measured at: fair value through OCI | |||||
| Consumer loans | |||||
| As at the beginning of the period | |||||
|
Changes due to modification without derecognition (net) |
– | – | (1) | (1) | (1) |
| As at the end of the period | – | – | (1) | (1) | (1) |
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD
2019 |
Stage 1 | Stage 2 | Stage 3 | Total | including POCI |
| Measured at: amortized cost | |||||
| Housing loans | |||||
| As at the beginning of the period | (54) | (538) | (1 420) | (2 012) | (41) |
|
Transfer from stage 2 and 3 to stage 1 |
(5) | 5 | – | – | – |
|
Transfer from stage 1 and 3 to stage 2 |
205 | (213) | 8 | – | – |
|
Transfer from stage 1 and 2 to stage 3 |
32 | 92 | (124) | – | – |
|
Increase due to recognition and purchase |
(4) | – | (1) | (5) | – |
|
Changes in credit risk (net) |
(189) | 126 | (39) | (102) | 15 |
|
Decrease due to derecognition |
2 | – | 2 | 4 | – |
|
Changes due to modification without derecognition (net) |
– | (1) | – | (1) | – |
|
Write-offs |
– | 12 | 189 | 201 | (2) |
|
Other adjustments |
(42) | (10) | 1 | (51) | (4) |
| As at the end of the period | (55) | (527) | (1 384) | (1 966) | (32) |
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD
2019 |
Stage 1 | Stage 2 | Stage 3 | Total | including POCI |
| Measured at: amortized cost | |||||
| Corporate loans | |||||
| As at the beginning of the period | (317) | (319) | (3 342) | (3 978) | (56) |
|
Transfer from stage 2 and 3 to stage 1 |
(13) | 13 | – | – | – |
|
Transfer from stage 1 and 3 to stage 2 |
101 | (107) | 6 | – | – |
|
Transfer from stage 1 and 2 to stage 3 |
63 | 59 | (122) | – | – |
|
Increase due to recognition and purchase |
(110) | (17) | (76) | (203) | (1) |
|
Changes in credit risk (net) |
(59) | 58 | (178) | (179) | 59 |
|
Decrease due to derecognition |
22 | 2 | 30 | 54 | 5 |
|
Changes due to modification without derecognition (net) |
(3) | (4) | (17) | (24) | (1) |
|
Changing the method of performing estimates (net effect) |
– | – | (3) | (3) | – |
|
Write-offs |
– | 7 | 714 | 721 | – |
|
Other adjustments |
(47) | (6) | 113 | 60 | (4) |
| As at the end of the period | (363) | (314) | (2 875) | (3 552) | 2 |
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD
2019 |
Stage 1 | Stage 2 | Stage 3 | Total | including POCI |
| Measured at: amortized cost | |||||
| Consumer loans | |||||
| As at the beginning of the period | (160) | (311) | (1 240) | (1 711) | (30) |
|
Transfer from stage 2 and 3 to stage 1 |
(2) | 2 | – | – | – |
|
Transfer from stage 1 and 3 to stage 2 |
104 | (107) | 3 | – | – |
|
Transfer from stage 1 and 2 to stage 3 |
139 | 89 | (228) | – | – |
|
Increase due to recognition and purchase |
(72) | (6) | (29) | (107) | – |
|
Changes in credit risk (net) |
(205) | (90) | (201) | (496) | 23 |
|
Decrease due to derecognition |
6 | 23 | 10 | 39 | 1 |
|
Changes due to modification without derecognition (net) |
– | (1) | 4 | 3 | – |
|
Changing the method of performing estimates (net effect) |
2 | (1) | 1 | 2 | – |
|
Write-offs |
– | 10 | 383 | 393 | – |
|
Change in the business model |
45 | 106 | 599 | 750 | – |
|
Other adjustments |
(21) | 55 | (127) | (93) | (28) |
| As at the end of the period | (164) | (231) | (825) | (1 220) | (34) |
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD
2019 |
Stage 1 | Stage 2 | Stage 3 | Total | including POCI |
| Measured at: amortized cost | |||||
| Consumer loans | |||||
| As at the beginning of the period | (34) | (80) | (375) | (489) | (4) |
|
Transfer from stage 2 and 3 to stage 1 |
(20) | 16 | 4 | – | – |
|
Transfer from stage 1 and 3 to stage 2 |
4 | (12) | 8 | – | – |
|
Transfer from stage 1 and 2 to stage 3 |
– | 24 | (24) | – | – |
|
Increase due to recognition and purchase |
(25) | (35) | (67) | (127) | – |
|
Changes in credit risk (net) |
5 | 16 | (83) | (62) | – |
|
Decrease due to derecognition |
20 | 29 | 59 | 108 | 2 |
|
Changes due to modification without derecognition (net) |
– | – | 1 | 1 | – |
|
Changing the method of performing estimates (net effect) |
– | – | 126 | 126 | – |
|
Write-offs |
15 | (28) | (8) | (21) | – |
|
Change in the business model |
(35) | (70) | (359) | (464) | (2) |
|
Other adjustments |
|||||
| As at the end of the period |
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD
2019 |
Stage 1 | Stage 2 | Stage 3 | Total | including POCI |
| Measured at: amortized cost | |||||
| Factoring receivables | |||||
| As at the beginning of the period | (1) | (1) | (12) | (14) | – |
|
Transfer from stage 1 and 2 to stage 3 |
2 | 4 | (6) | – | – |
|
Increase due to recognition and purchase |
(1) | – | – | (1) | – |
|
Changes in credit risk (net) |
(3) | (3) | – | (6) | – |
|
Other adjustments |
1 | – | 1 | 2 | – |
| As at the end of the period | (2) | – | (17) | (19) | – |
Other information
| LOANS AND ADVANCES TO CUSTOMERS BY MATURITY (excluding adjustments relating to fair value hedge accounting) | not held for trading, mandatorily measured at fair value through profit or loss | measured at amortized cost | Total |
|---|---|---|---|
| 31.12.2020 | |||
| up to 1 month | 1 032 | 9 076 | 10 108 |
| 1 to 3 months | 675 | 8 355 | 9 030 |
| 3 months to 1 year | 2 572 | 28 883 | 31 455 |
| from 1 to 5 years | 1 624 | 75 695 | 77 319 |
| over 5 years | 107 | 94 581 | 94 688 |
| Total | 6 010 | 216 590 | 222 600 |
| LOANS AND ADVANCES TO CUSTOMERS BY MATURITY (excluding adjustments relating to fair value hedge accounting) | not held for trading, mandatorily measured at fair value through profit or loss | measured at fair value through OCI | measured at amortized cost |
|---|---|---|---|
| 31.12.2019 | |||
| up to 1 month | 1 954 | 9 012 | 10 966 |
| 1 to 3 months | 678 | 7 538 | 8 216 |
| 3 months to 1 year | 2 829 | 30 693 | 33 522 |
| from 1 to 5 years | 2 467 | 71 423 | 73 890 |
| over 5 years | 358 | 103 250 | 103 608 |
| Total | 8 286 | 221 916 | 230 202 |
Reclassification of loans from measured at amortized cost to measured at fair value through profit or loss
In the third quarter of 2019, the Group reclassified a part of the portfolio of consumer loans with the net carrying amount of PLN 8 204 million from measured at amortized cost to measured at fair value through profit or loss. Reclassification related to the following products: cash loans, credit cards and revolving loans, which contained a multiple in the interest rate formula in the contractual provisions. The impact of the reclassification on the net result as at the reclassification date was nil.
Reclassification was justified by the fact that these contracts did not meet the IFRS 9 classification criteria for categories other than measured at fair value through profit or loss as the contracts for these products provided for a multiple in the interest rate formula.