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4. Loans

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in thousands of EUR

2015

2014

 

 

 

 

 

 

Loans

5,283,743

4,334,038

Provision for doubtful debts

–68,051

–67,714

 

 

 

 

 

 

 

5,215,692

4,266,324

 

 

 

This relates to loans to customers.

Loans classified by residual maturity:

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in thousands of EUR

2015

2014

 

 

 

 

 

 

Payable on demand

218,517

257,525

1 to 3 months

730,377

337,852

3 months to 1 year

359,261

283,496

1 to 5 years

1,202,835

1,038,412

Longer than 5 years

2,772,753

2,416,753

 

 

 

 

 

 

 

5,283,743

4,334,038

 

 

 

EUR 726.5 million (2014: EUR 302.0 million) of the loans relates to loans to local authorities with a maximum original maturity of one year and one day.

The movement of the provision for doubtful debts is as follows:

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2015
Specific

2015
General

2015
Total

2014
Specific

2014
General

2014
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance sheet value as at 1 January

66,717

997

67,714

61,201

848

62,049

Addition

11,796

1,778

13,574

21,042

288

21,330

Write-off

–7,682

–7,682

–6,448

–6,448

Release

–5,591

–228

–5,819

–9,436

–160

–9,596

Exchange rate differences

253

11

264

358

21

379

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance sheet value as at 31 December

65,493

2,558

68,051

66,717

997

67,714

 

 

 

 

 

 

 

The provision does not relate to contingent liabilities and irrevocable facilities. In the provision for doubtful debts is included an Incurred But Not Reported (IBNR) provision in the amount of EUR 2.6 million (2014: EUR 1.0 million).

EUR 0.4 million of the addition to the provision relates to interest that has been invoiced but has not been received (2014: EUR 0.9 million).