As at 31 December 2015 | Nominal value in currency | Nominal value in PLN | Currency | Maturity date | Liability balance in PLN |
Subordinated bonds | 1 600 700 | 1 600 700 | PLN | 14.09.2022 | 1 616 619 |
Subordinated loan | 224 000 | 882 426 | CHF | 24.04.2022 | 882 544 |
Total | x | 2 483 126 | x | x | 2 499 163 |
As at 31 December 2014 | Nominal value in currency | Nominal value in PLN | Currency | Maturity date | Liability balance in PLN |
Subordinated bonds | 1 600 700 | 1 600 700 | PLN | 14.09.2022 | 1 619 833 |
Subordinated loan | 224 000 | 780 013 | CHF | 24.04.2022 | 794 152 |
Total | x | 2 380 713 | x | x | 2 413 985 |
As at 31 December 2015, the Bank had subordinated liabilities arising from:
Own issue performed on 14 September 2012, subordinated bonds with ten-year maturity, with the Bank’s right to a premature redemption of all debt securities from this programme, during 5 years from the issue date. A nominal value of the bonds is PLN 1 600 700 thousand. The proceeds obtained from new issue were, with the approval of the Polish Financial Supervision Authority, used for increasing the Bank’s supplementary funds.
Subordinated loan acquired by PKO Bank Polski SA from Nordea Bank Polska SA with a nominal value of CHF 224 000 thousand received from Nordea Bank AB (publ) under an agreement signed in April 2012, with 10 years maturity. The loan is included in the Bank’s supplementary capital, in accordance with the decision of the Polish Financial Supervision Authority issued on 27 December 2012
Change in subordinated liabilities | 2015 | 2014 |
As at the beginning of the period | 2 413 985 | 1 620 857 |
Increases (of which): | 168 033 | 870 178 |
take of control over a subsidiary | - | 783 583 |
accrued interest | 111 744 | 13 410 |
currency translation differences | 56 204 | 73 062 |
other | 85 | 123 |
Decreases (of which): | (82 855) | (77 050) |
repayment of interest | (82 854) | (76 569) |
other | (1) | (481) |
Subordinated liabilities as at the end of the period | 2 499 163 | 2 413 985 |