Loans and advances to customers at amortised cost

 

2020

2019

 

Gross carrying amount

Allowance for ECL

Carrying amount

Gross carrying amount

Allowance for ECL

Carrying amount

 

 

 

 

 

 

 

Corporate loans

5,987,800

-46,524

5,941,276

5,829,505

-32,093

5,797,412

Mortgage lending

2,739,930

-1,650

2,738,280

1,977,175

-838

1,976,337

Municipality loans

332,713

-

332,713

360,053

-

360,053

Current accounts and credit cards

122,593

-2,796

119,797

54,102

-848

53,254

Fair value hedge accounting

5,286

-

5,286

2,424

-

2,424

Interest receivables

19,358

-

19,358

19,534

-

19,534

 

 

 

 

 

 

 

Balance sheet value as at 31 December

9,207,680

-50,970

9,156,710

8,242,793

-33,779

8,209,014

Loans and advances to customers classified by residual maturity:

 

2020

2019

 

 

 

Payable on demand

132,435

218,894

1 to 3 months

615,256

470,833

3 months to 1 year

832,317

554,765

1 to 5 years

3,202,127

2,311,366

Longer than 5 years

4,374,575

4,653,156

 

 

 

Balance sheet value as at 31 December

9,156,710

8,209,014

EUR 16.9 million (2019: EUR 24.9 million) of the loans are subordinated. EUR 252.7 million (2019: EUR 271.0 million) of the loans relates to loans to local authorities with a maximum original maturity of one year and one day.

As part of the interest rate risk management Triodos Bank entered into interest rate swaps to hedge the interest risk on fixed interest rate loans. Please see Non-trading derivatives and hedge accounting for additional information.