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21. Derivative financial instruments

The Bank and the other Group entities use various types of derivatives in order to manage risk involved in its business activities. The most frequently used types of derivatives in the Group’s activity are: IRS, CIRS, FX Swap, FRA, Options, Forwards. The remaining Group’s subsidiaries may enter into transactions in derivatives exclusively for the purpose of hedging against the risk resulting from their core activities.

Type of hedging instruments 31.12.2015 31.12.2014
Assets Liabilities Assets Liabilities
Hedging instruments      508 665      998 527      599 841      494 961
Other derivative instruments    3 838 604   3 626 240   4 894 981   5 050 180
Total   4 347 269   4 624 767   5 494 822   5 545 141
deribative_financial_instruments_1_pkobp.xlsx

Type of contract 31.12.2015 31.12.2014
Assets Liabilities Assets Liabilities
IRS   3 206 281   3 053 133   4 591 519   4 439 830
CIRS      472 355   1 210 159      340 972      616 841
FX Swap      309 954        85 953      227 857      237 542
Options      237 919      177 513      185 366      133 912
FRA        16 226        22 192        59 078        63 505
Forward      104 534        72 588        89 113        52 838
Other                -            3 229             917             673
Total   4 347 269   4 624 767   5 494 822   5 545 141
deribative_financial_instruments_2_pkobp.xlsx

Nominal amounts of underlying instruments as at 31.12.2015 
  up to 1 month 1- 3 months 3 months - 1 year 1 - 5 years over 5 years Total
Currency transactions
FX Swap  31 379 492  10 782 600      7 271 374      2 218 167                 -      51 651 633
Purchase of currency  15 725 974    5 432 226      3 668 250      1 137 414                 -      25 963 864
Sale of currency  15 653 518    5 350 374      3 603 124      1 080 753                 -      25 687 769
FX forward    4 674 755    2 128 625      5 855 274      3 353 261                 -      16 011 915
Purchase of currency    2 337 607    1 075 483      2 926 778      1 657 658                 -        7 997 526
Sale of currency    2 337 148    1 053 142      2 928 496      1 695 603                 -        8 014 389
Options    2 026 608    3 215 545    10 167 256      8 121 441       153 990    23 684 840
Purchase    1 087 980    1 787 204      5 413 169      4 123 394         76 995    12 488 742
Sale       938 628    1 428 341      4 754 087      3 998 047         76 995    11 196 098
Cross Currency  (CIRS)    1 719 726       168 970      1 899 495    25 454 347  12 779 312    42 021 850
Purchase       797 283         84 485         914 645    12 436 092    6 436 317    20 668 822
Sale       922 443         84 485         984 850    13 018 255    6 342 995    21 353 028
Interest rate transactions
Interest Rate Swap (IRS)  17 405 750  44 348 814    82 712 826  225 911 426  41 427 214  411 806 030
Purchase    8 702 875  22 174 555    41 356 846  112 955 713  20 713 607  205 903 596
Sale    8 702 875  22 174 259    41 355 980  112 955 713  20 713 607  205 902 434
Forward Rate Agreement (FRA)  16 313 000  17 500 000    18 215 000         750 000                 -      52 778 000
Purchase    8 824 000    8 625 000      7 155 000         750 000                 -      25 354 000
Sale    7 489 000    8 875 000    11 060 000                   -                   -      27 424 000
Other transactions
Other (including stockmarket index
derivatives)		    2 309 481           8 373           17 393             1 000                 -        2 336 247
Purchase       834 315                43           16 098                   -                   -           850 456
Sale    1 475 166           8 330             1 295             1 000                 -        1 485 791
Total derivative instruments  75 828 812  78 152 927  126 138 618  265 809 642  54 360 516  600 290 515
deribative_financial_instruments_3_pkobp.xlsx

Nominal amounts of underlying instruments as at 31.12.2014
  up to 1 month 1- 3 months 1- 3 months 1 - 5 years over 5 years Total
Currency transactions
FX Swap  33 083 683    5 081 541      6 685 243             1 956                 -      44 852 423
Purchase of currency  16 567 911    2 549 927      3 300 566                972                 -      22 419 376
Sale of currency  16 515 772    2 531 614      3 384 677                984                 -      22 433 047
FX forward    1 923 619    3 856 935      5 868 067      2 492 142                 -      14 140 763
Purchase of currency       961 724    1 931 692      2 929 934      1 248 425                 -        7 071 775
Sale of currency       961 895    1 925 243      2 938 133      1 243 717                 -        7 068 988
Options    1 674 263    1 685 847      5 169 592      9 643 722                 -      18 173 424
Purchase       839 372       838 616      2 579 685      4 784 088                 -        9 041 761
Sale       834 891       847 231      2 589 907      4 859 634                 -        9 131 663
Cross Currency  (CIRS)    2 667 659                 -        9 081 656    19 181 620  19 870 929    50 801 864
Purchase    1 330 822                 -        4 434 648      9 513 434  10 032 464    25 311 368
Sale    1 336 837                 -        4 647 008      9 668 186    9 838 465    25 490 496
Interest rate transactions
Interest Rate Swap (IRS)  15 563 390  27 969 212    99 850 642  241 827 138  39 423 204  424 633 586
Purchase    7 781 695  13 984 922    49 925 893  120 913 987  19 711 602  212 318 099
Sale    7 781 695  13 984 290    49 924 749  120 913 151  19 711 602  212 315 487
Forward Rate Agreement (FRA)  21 823 000  22 975 000    47 575 000    10 850 000                 -    103 223 000
Purchase  11 544 000    9 605 000    22 200 000      5 725 000                 -      49 074 000
Sale  10 279 000  13 370 000    25 375 000      5 125 000                 -      54 149 000
Other transactions
Other (including stockmarket index
derivatives)		    3 274 082       130 246      1 672 853      1 035 139                 -        6 112 320
Purchase    1 296 588         67 802         662 743         552 384                 -        2 579 517
Sale    1 977 494         62 444      1 010 110         482 755                 -        3 532 803
Total derivative instruments  80 009 696  61 698 781  175 903 053  285 031 717  59 294 133  661 937 380
deribative_financial_instruments_4_pkobp.xlsx