Prospectus - Notowania

and demand deposits
2.2 Time deposits 31,417 39,702 68,593 62,338 -20.9% -42.1% 10.0%
2.3 Loans 41,395 42,566 34,209 23,293 -2.8% 24.4% 46.9%
2.5 Liabilities against
assets sold but not
derecognised 1,090 1,254 914 148 -13.1% 37.2% n.s.
2.6 Other liabilities 7,041 6,835 8,357 22,330 3.0% -18.2% -62.6%
Total 124,112 177,677 160,601 145,683 -30.1% 10.6% 10.2%
Net interbank balance (26,824) (96,850) (60,589) (61,968) -72.3% 59.8% -2.2%
During the first nine months of 2009, the net interbank balance experienced a
substantial reduction, from €97 billion as at December 31, 2008 to €27 billion at the
end of September 2009. Considering that bank payables are normally stable the
decline in the net interbank balance is primarily due to decreased use of financing
from central banks for funding purposes partially compensated by an increment of
credit towards banks.
There was a significant growth in exposure to the banking system at the end of 2008
following a phase of increased use of financing from Central Banks, connected with
lower funds availability in the interbank market. However, the prior years, 2006 and
2007, had an essentially stable net interbank balance.
The loans to Central Banks component mainly consists of the compulsory reserve that,
over the years in question, accounted for more than 80% of the total (90% at
December 31, 2006).
Current accounts and time deposits under the loans to banks component at December
31, 2008 was approximately 49% of the total, while the remainder chiefly consisted of
loans disbursed, which at September 30, 2009 represented 51% of the total.
As regards funding, the most important component in 2006 and 2007 was demand
deposits with other banks. In 2008, the changes in the market resulted in more funding
from loans (41% of the total), which continued in 2009.
The table below breaks down the total loans to banks according to credit quality.
(millions of €)
Cash loans to banks:
% Change
net values
a) Non-performing loans
b) Doubtful loans
c) Restructured loans
09.30.2009
147
35
12.31.2008
66
9
12.31.2007
12
21
12.31.2006
41
25
2009/2008
122.7%
288.9%
2008/2007
450.0%
-57.1%
2007/2006
-70.7%
-16.0%
d) Past-due loans
e) Country Risk
251
-
149
11
-
163
-
-
156
-
-
-
n.a.
n.a.
-8.6%
n.a.
n.a.
4.5%
n.a.
n.a.
n.a.
f) Performing loans 96,706 80,578 99,823 83,649 20.0% -19.3% 19.3%
Total 97,288 80,827 100,012 83,715 20.4% -19.2% 19.5%
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