KB prezent. angl - Komerční banka
KB prezent. angl - Komerční banka
KB prezent. angl - Komerční banka
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Debt trading securities at fair value, allocated by issuer, comprise:<br />
CZK million 2003 2002<br />
Debt trading securities issued by<br />
– State institutions in the Czech Republic 23,995 8,626<br />
– Foreign state institutions 866 716<br />
– Financial institutions in the Czech Republic 133 48<br />
– Foreign financial institutions 306 6<br />
– Other entities in the Czech Republic 629 165<br />
– Other foreign entities 36 25<br />
Total trading debt securities 25,965 9,586<br />
20. Due from Česká konsolidační agentura<br />
Amounts due from Česká konsolidační agentura (“ČKA”) comprised loans of CZK 24,303 million as of 31 December 2003 (2002:<br />
CZK 35,440 million).<br />
Česká konsolidační agentura was formed as the legal successor to Konsolidační <strong>banka</strong> Praha, s. p. ú. pursuant to the Czech<br />
Consolidation Agency No. Act 239/2001 Coll., which took effect on 1 September 2001. The commitments of Česká konsolidační<br />
agentura are guaranteed by the Czech State.<br />
The following table sets out the principal terms and conditions of the loans advanced by the Bank to ČKA to refinance the transfers of<br />
distressed assets in August 1999 and March 2000 as of 31 December 2003:<br />
Term Loan dated 31 August 1999 Loan dated 25 March 2000<br />
Maturity 31 August 2004 24 March 2005<br />
Total amount (loan issued in CZK) CZK 4,032 million CZK 14,458 million<br />
Interest rates Market benchmark rate Market benchmark rate<br />
plus contractual margin<br />
plus contractual margin<br />
Interest repayment Fixed interest rate – annual Fixed interest rate – annual<br />
Variable interest rate – semi-annual<br />
Variable interest rate – semi-annual<br />
Principal repayment Four annual instalments 13 quarterly instalments<br />
First due 31 August 2001 First due 25 March 2002<br />
The remaining balance of loans of CZK 5,813 million (2002: CZK 1,314 million) represents loans advanced to ČKA not connected with<br />
the refinancing of a transfer of receivables.<br />
Amounts due from ČKA include interest due of CZK 771 million (2002: CZK 1,239 million). The aggregate balance of interest for 2003<br />
and 2002 represents accrued interest that is not overdue.
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