39. Financing received
2022 Annual Report
Accounting policies
Valuation and classification into categories is carried out in accordance with the principles for determining the business model and assessing the characteristics of contractual cash flows referred to in note “General accounting policies for financial instruments”.
Financial information
| FINANCING RECEIVED | 31.12.2022 | 31.12.2021 |
|---|---|---|
| Loans and advances received from: | 2 294 | 2 461 |
| banks | 309 | 740 |
| international financial organisations | 1 972 | 1 706 |
| other financial institutions | 13 | 15 |
| Liabilities in respect of debt securities in issue: | 15 510 | 23 872 |
| mortgage covered bonds issued by PKO Bank Hipoteczny S.A. | 12 057 | 13 143 |
| bonds issued by PKO Bank Hipoteczny S.A. | 1 265 | 3 474 |
| bonds issued by PKO Finance AB | – | 3 541 |
| bonds issued by the PKO Leasing S.A. Group | 2 188 | 3 642 |
| bonds issued by KREDOBANK S.A. | – | 72 |
| Subordinated liabilities | 2 781 | 2 716 |
| Total | 20 585 | 29 049 |