37. Contingent liabilities and off-balance sheet liabilities received

37.1. Securities covered with underwriting agreements (maximum liability of the Group to acquire securities):

Issuer of securities underwritten	Type of underwritten securities	Off-balance sheet liabilities resulting from underwriting agreement	Contract period	Sub-issue type
As at 31 December 2013
Company A	corporate bonds	1,633,000	15.06.2022	Bonds Issue Agreement*
Company B	corporate bonds	800,000	31.07.2015	Bonds Issue Agreement*
Company C	corporate bonds	50,000	19.12.2022	Bonds Issue Agreement*
Company D	corporate bonds	34,000	31.12.2022	Bonds Issue Agreement*
Company E	corporate bonds	24,238	29.06.2018	Bonds Issue Agreement*
Company F	corporate bonds	13,410	31.10.2017	Bonds Issue Agreement*
Total		2,554,648
As at 31 December 2012
Company A	corporate bonds	1,633,000	15.06.2017	Bonds Issue Agreement*
Company B	corporate bonds	537,000	31.07.2013	Bonds Issue Agreement*
Company C	corporate bonds	102,700	31.10.2013	Bonds Issue Agreement*
Company D	corporate bonds	89,749	31.12.2024	Bonds Issue Agreement*
Company E	corporate bonds	67,070	31.10.2017	Bonds Issue Agreement*
Company F	corporate bonds	50,000	19.12.2022	Bonds Issue Agreement*
Company G	corporate bonds	34,000	31.12.2022	Bonds Issue Agreement*
Total		2,513,519

* Relates to the Agreement for Organisation, Conducting and Servicing of the Bond Issuance Programme.

contingent-liabilities.xls

All securities of the Group under the sub-issue (underwriting) programme have an unlimited transferability, are not listed on the stock exchange and are not traded on a regulated OTC market.

37.2. Contractual commitments

As at 31 December 2013 the value of contractual commitments concerning intangible assets amounted to PLN 347 636 thousand (as at 31 December 2012 amounted to PLN 157 320 thousand).

As at 31 December 2013 the value of contractual commitments concerning tangible fixed assets amounted to PLN 48 629 thousand (as at 31 December 2012 amounted to PLN 71 513 thousand).

37.3. Loan commitments granted

by nominal value	31.12.2013	31.12.2012
to financial entities	737,531	913,713
to non-financial entities	30,203,660	29,137,031
to State budged entities	3,269,584	2,462,680
Total	34,210,775	32,513,424
of which: irrevocable loan commitments	7,708,424	7,871,614

contingent-liabilities-2.xls

37.4. Guarantee liabilities granted

	31.12.2013	31.12.2012
Guarantees in domestic and foreign trading	6,227,396	6,534,174
to financial entities	64,444	49,575
to non-financial entities	6,151,081	6,471,912
to State budged entities	11,871	12,687
Guarantees and pledge granted – domestic corporate bonds	3,466,648	3,346,209
to non-financial entities	3,466,648	3,346,209
Letters of credit granted	491,768	372,615
to financial entities	-	-
to non-financial entities	491,669	372,615
to State budged entities	99	-
Guarantees and pledge granted – payment guarantee	117,420	881
to financial entities	117,420	881
Guarantees and pledge granted – domestic municipal bonds	83,773	123,256
to State budged entities	83,773	123,256
Total	10,387,005	10,377,135

contingent-liabilities-3.xls

In the years ended 31 December 2013 and 31 December 2012 respectively, the Bank and its subsidiaries did not issue any guarantees in respect of loans or advances and did not issue any guarantees to a single entity or a subsidiary thereof with a total value accounting for 10% of the Group’s equity.

Information on provisions for off-balance sheet guarantees and financial liabilities is included in Note 36 ‘Provisions’.

Liabilities granted by maturity

31 December 2013

	Up to 1 month	From 1 monthts to 3 months	From 3 months to 1 year	From 1 year to 5 years	Over 5 years	Total
Loan commitments granted	20,719,932	823,022	3,690,204	3,220,801	5,756,816	34,210,775
Guarantee liabilities granted	194,722	348,890	2,354,950	6,450,394	1,038,049	10,387,005
Total	20,914,654	1,171,912	6,045,154	9,671,195	6,794,865	44,597,780

contingent-liabilities-4.xls

31 December 2012

	Up to 1 month	From 1 monthts to 3 months	From 3 months to 1 year	From 1 year to 5 years	Over 5 years	Total
Loan commitments granted	18,666,885	812,123	3,497,042	3,543,538	5,993,836	32,513,424
Guarantee liabilities granted	140,931	539,641	2,926,372	6,219,014	551,177	10,377,135
Total	18,807,816	1,351,764	6,423,414	9,762,552	6,545,013	42,890,559

contingent-liabilities-5.xls

37.5 Off-balance sheet liabilities received

	31.12.2013	31.12.2012
Financial	369,303	1,831,357
Guarantees	2,570,701	1,780,305
Total	2,940,004	3,611,662

contingent-liabilities-6.xls

Right to sell or pledge collateral established for the Group

As at 31 December 2013 and as at 31 December 2012, there was no collateral established for the Group, which the Group was entitled to sell or encumber with another pledge in the event of fulfilment of all obligations by the owner of the collateral.