67. Management of currency risk associated with mortgage loans for individuals
PKO Annual
Report Online
2020
Report Online
2020
The Group analyses its portfolio of foreign currency mortgage loans to individuals in a specific manner. The Group monitors the quality of the portfolio on an on-going basis and reviews the risk of deterioration in the quality of the portfolio. Currently, the quality of the portfolio is at an acceptable level. The Group takes into consideration the risk of foreign currency mortgage loans for individuals in the capital adequacy and equity management.
| HOUSING LOANS AND ADVANCES TO INDIVIDUALS (RETAIL AND PRIVATE BANKING) BY CURRENCY | 31.12.2020 | 31.12.2019 | ||||
|---|---|---|---|---|---|---|
| gross | impairment allowance | net | gross | impairment allowance | net | |
| in local currency | 94 088 | (1 207) | 92 881 | 89 924 | (1 055) | 88 869 |
| PLN | 93 828 | (1 188) | 92 640 | 89 715 | (1 034) | 88 681 |
| UAH | 260 | (19) | 241 | 209 | (21) | 188 |
| in foreign currency | 18 198 | (719) | 17 479 | 24 294 | (751) | 23 543 |
| CHF | 15 366 | (647) | 14 719 | 21 410 | (692) | 20 718 |
| EUR | 2 787 | (68) | 2 719 | 2 825 | (53) | 2 772 |
| USD | 36 | (4) | 32 | 50 | (6) | 44 |
| OTHER | 9 | – | 9 | 9 | – | 9 |
| TOTAL | 112 286 | (1 926) | 110 360 | 114 218 | (1 806) | 112 412 |
| FOREIGN CURRENCY HOUSING LOANS AND ADVANCES TO INDIVIDUALS BY THE GRANTING DATE | INDEXED | DENOMINATED | Total | |
|---|---|---|---|---|
| 31.12.2020 | ||||
| up to 2002 | Gross amount | – | 59 | 59 |
| Allowances for credit losses | – | (1) | (1) | |
| Net amount | – | 58 | 58 | |
| Number of loans granted | – | 5 444 | 5 444 | |
| from 2003 to 2006 | Gross amount | – | 3 616 | 3 616 |
| Allowances for credit losses | – | (106) | (106) | |
| Net amount | – | 3 510 | 3 510 | |
| Number of loans granted | – | 42 445 | 42 445 | |
| from 2007 to 2009 | Gross amount | – | 8 464 | 8 464 |
| Allowances for credit losses | – | (491) | (491) | |
| Net amount | – | 7 973 | 7 973 | |
| Number of loans granted | – | 51 166 | 51 166 | |
| from 2010 to 2012 | Gross amount | 3 137 | 2 904 | 6 041 |
| Allowances for credit losses | (48) | (72) | (120) | |
| Net amount | 3 089 | 2 832 | 5 921 | |
| Number of loans granted | 10 648 | 11 903 | 22 551 | |
| from 2013 to 2016 | Gross amount | 5 | 12 | 17 |
| Allowances for credit losses | – | (1) | (1) | |
| Net amount | 5 | 11 | 16 | |
| Number of loans granted | 18 | 43 | 61 | |
| Total | Gross amount | 3 142 | 15 055 | 18 197 |
| Allowances for credit losses | (48) | (671) | (719) | |
| Net amount | 3 094 | 14 384 | 17 478 | |
| Number of loans granted | 10 666 | 111 001 | 121 667 | |
| FOREIGN CURRENCY HOUSING LOANS AND ADVANCES TO INDIVIDUALS BY THE GRANTING DATE | INDEXED | DENOMINATED | Total | |
|---|---|---|---|---|
| 31.12.2019 | ||||
| up to 2002 | Gross amount | – | 98 | 98 |
| Allowances for credit losses | – | (2) | (2) | |
| Net amount | – | 96 | 96 | |
| Number of loans granted | – | 6 704 | 6 704 | |
| from 2003 to 2006 | Gross amount | – | 4 974 | 4 974 |
| Allowances for credit losses | – | (107) | (107) | |
| Net amount | – | 4 867 | 4 867 | |
| Number of loans granted | – | 47 821 | 47 821 | |
| from 2007 to 2009 | Gross amount | – | 12 756 | 12 756 |
| Allowances for credit losses | – | (544) | (544) | |
| Net amount | – | 12 212 | 12 212 | |
| Number of loans granted | – | 54 056 | 54 056 | |
| from 2010 to 2012 | Gross amount | 3 362 | 3 085 | 6 447 |
| Allowances for credit losses | (39) | (57) | (96) | |
| Net amount | 3 323 | 3 028 | 6 351 | |
| Number of loans granted | 11 115 | 12 709 | 23 824 | |
| from 2013 to 2016 | Gross amount | 5 | 14 | 19 |
| Allowances for credit losses | – | (2) | (2) | |
| Net amount | 5 | 12 | 17 | |
| Number of loans granted | 18 | 47 | 65 | |
| Total | Gross amount | 3 367 | 20 927 | 24 294 |
| Allowances for credit losses | (39) | (712) | (751) | |
| Net amount | 3 328 | 20 215 | 23 543 | |
| Number of loans granted | 11 133 | 121 337 | 132 470 | |