| Subordinated liabilities | Nominal value | Currency | Interest rate (%) | Maturity date | Carrying amount |
|---|---|---|---|---|---|
| Subordinated bonds | 1,600,700 | PLN | 4.37% | 14.09.2022 | 1,620,857 |
| Subordinated liabilities | Nominal value | Currency | Interest rate (%) | Maturity date | Carrying amount |
|---|---|---|---|---|---|
| Subordinated bonds | 1,600,700 | PLN | 6.60% | 14.09.2022 | 1,631,256 |
On 14 September 2012, the Parent Company issued subordinated bonds with ten-year maturity, with the Bank’s right to a premature redemption of all debt securities from this programme, during 5 years from the issue date. A nominal value of the bonds is PLN 1 600 700 thousand. The proceeds obtained from new issue were, with the approval of the Polish Financial Supervision Authority, used for increasing the Bank’s supplementary funds.
On 18 September 2012, the Polish Financial Supervision Authority gave its consent for the PKO Bank Polski SA to effect a call option concerning the premature redemption of all subordinated bonds, with a total nominal value of PLN 1 600 700 thousand, issued by the Bank on 30 October 2007 with primary maturity on 30 October 2017. On 30 October 2012, PKO Bank Polski SA performed a premature redemption of all subordinated bonds with a total nominal value of PLN 1 600 700 thousand, issued by PKO Bank Polski SA as a part of 2007 issue.
| Change in subordinated liabilities | 2013 | 2012 |
|---|---|---|
| As at the beginning of the period | 1,631,256 | 1,614,377 |
| Increases (due to): | 83,305 | 1,713,482 |
| issuance | - | 1,600,700 |
| accrued interest | 83,131 | 112,782 |
| other | 174 | - |
| Decreases (due to): | (93,704) | (1,696,603) |
| redemption | - | (1,600,700) |
| repayment of interest | (93,704) | (95,342) |
| other | - | (561) |
| As at the end of the period | 1,620,857 | 1,631,256 |