| 2021 | 2020 |
|---|---|---|
On demand deposits with banks | 119,162 | 85,017 |
Deposits with banks | 67,612 | 36,543 |
Interest receivable | -44 | -1 |
Allowance for ECL | -1 | -1 |
Balance sheet value as at 31 December | 186,729 | 121,558 |
Received cash collateral regarding forward currency contracts and interest rate swaps was recognised as other assets but are transferred 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 41.2 million). These are on demand deposits at Cecabank in 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) and ABN AMRO EUR 39.2 million (2020: 12.6 million). A deposit of EUR 1.0 million (2020: EUR 1.0 million) is subordinated. All other deposits can be freely disposed of.