Annual report 2004 (PDF, 4141 kB) - Unicredit Bank
Annual report 2004 (PDF, 4141 kB) - Unicredit Bank
Annual report 2004 (PDF, 4141 kB) - Unicredit Bank
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17 LOANS AND ADVANCES TO CUSTOMERS<br />
31 December <strong>2004</strong> 31 December 2003<br />
CZK m<br />
CZK m<br />
Loans to individuals:<br />
- Overdrafts 79 46<br />
- Term loans 249 246<br />
- Mortgages 2 979 1 864<br />
Loans to corporate entities:<br />
- Direct commercial loans 17 901 17 855<br />
- Sub-participation loans 1 412 1 784<br />
- Other 2 512 1 406<br />
Gross loans and advances to customers 25 132 23 201<br />
Revaluation of hedged loans 9 17<br />
Provision for impairment - 872 -770<br />
Net loans and advances to customers 24 269 22 448<br />
The loan balances as at 31 December <strong>2004</strong> and 2003 include loans to related parties that are<br />
described further below.<br />
The gross amounts as at 31 December <strong>2004</strong> and 2003 best represent maximum credit risk<br />
exposure of the Group on these transactions without taking account of the fair value of any<br />
collateral.<br />
Movements in provisions for impairment are as follows:<br />
<strong>2004</strong> 2003<br />
CZK m<br />
CZK m<br />
Balance at 1 January 770 822<br />
Net change in provisions (Note 8) 102 -52<br />
Balance at 31 December 872 770<br />
86
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