41.3. Subordinated liabilities
PKO Annual
Report Online
2020
Report Online
2020
| Type of liability | Interest rate | Nominal value | Currency | Period | Carrying amount | |
| 31.12.2020 | 31.12.2019 | |||||
| Subordinated bonds | 3.34 | 1 700 | PLN | 28.08.2017 – 28.08.2027 | 1 710 | 1 719 |
| Subordinated bonds | 3.29 | 1 000 | PLN | 05.03.2018 – 06.03.2028 | 1 006 | 1 011 |
| Total | 2 716 | 2 730 | ||||
The subordinated bonds were designated for increasing the Group’s supplementary funds upon approval of the Polish Financial Supervision Authority.