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45.2. Quantitative data

Annual Report 2019 > 45.2. Quantitative data
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Financial liabilities 31 December 2019 31 December 2018
Financial liabilities measured at fair value 3,660 4,017
Derivatives1 3,018 3,365
Liabilities on borrowed securities (short sale) 293 120
Investment contracts for the client’s account and risk (unit-linked) 259 266
Liabilities to members of consolidated mutual funds 90 266
Financial liabilities measured at amortized cost 242,830 232,299
Liabilities to banks 6,604 6,044
Current deposits 412 1,058
One-day deposits 419 207
Term deposits 41 7
Loans received 5,427 4,386
Other liabilities 305 386
Liabilities to clients under deposits 218,588 207,635
Current deposits 151,417 137,559
Term deposits 66,414 69,350
Other liabilities 757 726
Liabilities on the issue of own debt securities 9,273 12,009
Bonds 3,976 5,922
Certificates of deposit 3,940 4,542
Covered bonds 1,357 1,545
Subordinated liabilities 6,700 6,061
Liabilities on account of repurchase transactions 599 540
Lease liabilities 1,066 10
Total financial liabilities 246,490 236,316

1 More information on derivative instruments is presented in section 34.

 

Financial liabilities by maturity 31 December 2019 31 December 2018
Up to 1 year 227,041 218,952
1 to 5 years 10,579 10,332
Over 5 years 8,870 7,032
Total financial liabilities by maturity 246,490 236,316
 

Subordinated liabilities

  Par value(in millions) Currency Interest rate Issue (receipt) date / Maturity date Carrying amount31 December 2019(in PLN m) Carrying amount31 December 2018(in PLN m)
Liabilities classified as PZU’s own funds
Subordinated bonds – PZU 2,250 PLN WIBOR 6M + margin 30 June 201729 July 2027 2,279 2,279
Liabilities classified as Pekao’s own funds
A series bonds 1,250 PLN WIBOR 6M + margin 30 October 201729 October 2027 1,257 1,257
B series bonds 550 PLN WIBOR 6M + margin 15 October 2018 16 October 2028 554 548
C series bonds 200 PLN WIBOR 6M + margin 15 October 2018 14 October 2033 201 196
D series bonds 350 PLN WIBOR 6M + margin 4 June 2019 4 June 2031 351 -
D1 series bonds 400 PLN WIBOR 6M + margin 4 December 2019 4 June 2031 401 -
Liabilities classified as Alior Bank’s own funds
Subordinated loan 10 EUR EURIBOR 3M + margin 12 October 201112 October 2019 - 43
F series bonds 322 PLN WIBOR 6M + margin 26 September 201426 September 2024 225 225
G series bonds 193 PLN WIBOR 6M + margin 31 March 201531 March 2021 196 196
I and I1 series bonds 183 PLN WIBOR 6M + margin 4 December 20156 December 2021 148 148
K and K1 series bonds 600 PLN WIBOR 6M + margin 20 October 201720 October 2025 605 605
Meritum Bank series B bonds 67 PLN WIBOR 6M + margin 29 April 201329 April 2021 68 68
Meritum Bank series C bonds 80 PLN WIBOR 6M + margin 21 October 201421 October 2022 - 81
EUR001 series bonds 10 EUR LIBOR 6M + margin 4 February 20164 February 2022 44 44
P1A series bonds 150 PLN WIBOR 6M + margin 27 April 201616 May 2022 151 151
P1B series bonds 70 PLN WIBOR 6M + margin 29 April 201616 May 2024 70 70
P2A series bonds 150 PLN WIBOR 6M + margin 14 December 201729 December 2025 150 150
Subordinated liabilities 6,700 6,061

on 21 October 2019 Alior Bank redeemed Meritum Bank series C bonds before maturity.
The lower carrying amount of subordinated liabilities compared to the nominal value ensues from some of the bonds issued by Alior Bank were subscribed for by consolidated mutual funds.