35. Amounts due to customers
Accounting policies
Amounts due to customers are measured at amortized cost using the effective interest rate method. In the case of financial liabilities for which it is not possible to estimate the schedule of future cash flows and the effective interest rate, they are measured at the amount due.
This item also includes securities subject to sell-buy-back transactions with a repurchase or resale clause specifying a contractual date and price. Securities subject to sell-buy-back transactions are not derecognized from the statement of financial position and are measured at the terms and conditions specified for particular categories of securities. The difference between the sale price and the repurchase price is an interest expense and it is settled over the term of the contract using the effective interest rate.
2018
Financial information
| 31.12.2018 | 31.12.2017 | |
|---|---|---|
| Measured at amortized cost | 242 816 | 220 917 |
| Amounts due to retail customers | 165 182 | 151 161 |
| Current accounts and overnight deposits | 103 143 | 86 819 |
| Term deposits | 61 638 | 64 126 |
| Other liabilities | 401 | 216 |
| Amounts due to corporate entities | 55 302 | 52 667 |
| Current accounts and overnight deposits | 38 927 | 40 070 |
| Term deposits | 15 465 | 11 613 |
| Amounts due from repurchase agreements | – | 48 |
| Other liabilities | 910 | 936 |
| Amounts due to public entities | 16 459 | 11 409 |
| Current accounts and overnight deposits | 11 242 | 9 555 |
| Term deposits | 5 115 | 1 820 |
| Other liabilities | 102 | 34 |
| Loans and advances received1 | 4 093 | 3 563 |
| Liabilities in respect of insurance products | 1 780 | 2 117 |
| Unit-Linked | 1 502 | 1 811 |
| Investment policy contracts | 2 | 3 |
| “Safe Capital” | 265 | 292 |
| Structured products | 11 | 11 |
| Total | 242 816 | 220 917 |
1The item “Loans and advances received” is presented in detail in Note 36 “Loans and advances received”.
| 31.12.2018 | 31.12.2017 | |
|---|---|---|
| retail and private banking | 155 079 | 142 484 |
| corporate | 55 051 | 48 570 |
| firms and undertakings | 26 805 | 24 127 |
| loans and advances received | 4 093 | 3 563 |
| amounts due from repurchase agreements | – | 48 |
| other liabilities (including liabilities in respect of insurance products) | 1 788 | 2 125 |
| Total | 242 816 | 220 917 |
| 31.12.2018 | 31.12.2017 | |
|---|---|---|
| Measured at amortized cost: | 242 816 | 220 917 |
| up to 1 month | 179 874 | 156 520 |
| 1 to 3 months | 22 449 | 16 887 |
| 3 months to 1 year | 25 483 | 30 592 |
| from 1 to 5 years | 6 860 | 8 264 |
| over 5 years | 8 150 | 8 654 |
| Total | 242 816 | 220 917 |