| 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 |