2021

2020

On demand deposits with banks

145,276

126,618

Deposits with banks

120,588

37,996

Interest receivable

-44

15

Allowance for ECL

-24

-18

Balance sheet value as at 31 December

265,796

164,611

Received cash collateral regarding forward currency contracts and interest rate swaps was presented as other assets but are reclassified to loans and advances to banks. The comparative figure in the amount of EUR 14,048 is adjusted accordingly.

An amount of EUR 118.2 million of the deposits is encumbered (2020: EUR 41.8 million). These are on demand deposits at Cecabank for the amount of EUR 1.0 million (2020: EUR 1.0 million), ING Bank EUR 13.0 million (2020: EUR 13.0 million), Banco Cooperativo EUR 1.5 million (2020: EUR 7.5 million), the Dutch Central Bank EUR 50.0 million (2020: EUR 0.0 million), Rabobank EUR 13.5 million (2020: EUR 7.1 million), ABN AMRO EUR 39.2 million (2020: EUR 12.6 million) and Mastercard 0.0 million (2019: EUR 0.6 million. A deposit of EUR 1.0 million (2020: EUR 1.0 million) is subordinated. All other deposits can be freely disposed of.

The balance sheet value of the loans and advances to banks as at 31 December can be broken down as follows by residual maturity:

 

2021

2020

On demand

145,217

126,615

1 to 3 months

1,426

8,948

3 months to 1 year

-

15,000

1 to 5 years

119,153

14,048

Longer than 5 years

-

-

Balance sheet value as at 31 December

265,796

164,611

The balance sheet value of the loans and advances to banks as at 31 December can be broken down as follows:

 

2021

2020

ABN AMRO Bank

60,998

13,592

Banco Cooperativo

2,551

8,595

Cecabank

4,289

4,000

DZ Bank

15,764

24,304

Euroclear Bank

1,542

2,248

ING Bank

35,420

57,681

National Westminster Bank (Natwest)

44,164

21,897

Rabobank

39,115

22,994

BNP Paribas

3,340

22

Royal Bank of Scotland

3,705

455

Dutch Central Bank

50,000

-

Other

4,908

8,823

Balance sheet value as at 31 December

265,796

164,611