Section 8 – Net impairment losses/reversals – Item 130

8.1 Net impairment losses on receivables: breakdown

Income itemsImpairment losses (1)Reversals of impairment losses (2)Total 31.12.2014Total 31.12.2013
 SpecificPortfolioSpecificPortfolio  
 Write-offsOthers BB  
A. Due from banks - - - - - - - - -
  - loans - - - - - - - - -
  - debt securities - - - - - - - - -
B. Loans to customers (145) (54.432) (3.676) 2.251 24.703 - - (31.299) (44.528)
Non-performing loans purchased - - - - - - - - 3.452
  - loans - - X - - X X - 3.452
  - debt securities - - X - - X X - -
Other receivables (145) (54.432) (3.676) 2.251 24.703 - - (31.299) (47.980)
  - loans (145) (54.432) (3.676) 2.251 24.703 - - (31.299) (47.980)
  - debt securities - - - - - - - - -
C. Total (145) (54.432) (3.676) 2.251 24.703 - - (31.299) (44.528)

Key

A= from interest

B= other reversals

Net impairment losses on receivables stood at 31,3 million Euro, compared to 44,5 million Euro at 31 December 2013 (-29,7%). The period saw a decrease in new impaired loans, thanks to constantly improving lending standards and increasingly efficient credit management and monitoring processes.

This item includes 1,4 million Euro in net reversals of impairments losses on DRL loans (compared to 3,5 million Euro in net reversals in 2013).

The impairment losses and reversals include the ‘time value’ effect deriving from the process of discounting expected future cash flows.

8.2 Net impairment losses on available for sale financial assets: breakdown

Items/ReturnImpairment losses (1)Reversals of impairment losses (2)Total 31.12.2014Total 31.12.2013
 SpecificSpecific  
 Write-offsOthersAB  
A. Debt securities - - - - -  
B. Equity instruments - - X X - (59)
C. O.E.I.C. units - - X - - -
D. Loans to banks - - - - - -
E. Loans to customers - - - - - -
F. Total - - - - - (59) 

Key

A= from interest

B= other reversals

Last updated on 2015-02-18