KB prezent. angl - Komerční banka

Financial commitments and contingencies comprise:
CZK million 2003 2002 2001
Non-payment guarantees including commitments to issued non-payment guarantees 8,629 7,541 5,523
Payment guarantees including commitments to issued payment guarantees 4,157 13,605 12,547
Letters of credit uncovered 575 942 667
Stand by letters of credit uncovered 846 471 782
Commitments from guarantees 14,207 22,559 19,519
Received bills of exchange/acceptances and endorsements of bills of exchange 62 0 20
Total contingent liabilities 14,269 22,559 19,539
Committed facilities 13,734 13,717 15,648
Undrawn credit commitments 20,520 23,743 15,767
Confirmed letters of credit 149 15 5
Unutilised overdrafts and approved overdraft loans 30,487 26,393 20,855
Unutilised discount facilities 510 908 0
Unutilised limits under Framework agreements to provide financial services 10,954 9,771 0
Total other commitments and unutilised overdrafts 76,354 74,547 52,275
Letters of credit covered 42 96 298
Stand by letters of credit covered 1 59 0
Total contingent revocable and irrevocable commitments 90,666 97,261 72,112
The Bank provides a variety of credit facilities to its largest clients including Czech entities which are part of international groups and
which are State owned. Of the Bank’s committed facilities and guarantees, CZK 6,220 million (2002: CZK 5,852 million, 2001:
CZK 8,971 million) is revocable. All other committed facilities, undrawn credit commitments and unutilised overdrafts are irrevocable
and are not subject to further approvals by the Bank.
Payment guarantees provided to the Bank’s subsidiary, Komercni Finance B. V., in connection with the issued subordinated debt
(CZK 6,028 million as of 31 December 2002, CZK 7,252 million as of 31 December 2001) were withdrawn following the earlier
repayment of the debt in accordance with issue terms and conditions (refer also to Note 23).
Credit default swap instruments recorded as issued bank guarantees (2002: EUR 100 million, 2001: EUR 100 million) were closed out
in the last quarter of 2003.
The risk associated with off balance sheet credit commitments and contingent liabilities is assessed similarly as for loans to
customers, taking into account the financial position and activities of the entity to which the Bank issued the guarantee and taking
into account the collateral obtained. As of 31 December 2003, the Bank recorded provisions for these risks amounting to
CZK 1,213 million (2002: CZK 2,315 million, 2001: CZK 1,852 million).