FINANCIAL REPORT 2014
31.12.2013
> 3 months up to ≤ 1 year
> 1 year up to ≤ 5 years
(in thousands of euros)
> 5 years
Unspecified
Total
≤ 3 months
Loans and receivables to credit institutions Loans and receivables to customers
13 337 918
1 945 724 4 481 842
19 765 484
3 156 737
215
3 156 952
TOTAL
16 494 655 1 945 939 4 481 842
0
0 22 922 436
IMPAIRMENT NET CARRYING AMOUNT
22 922 436
2.5.2.4.2. Due to banks and customers by remaining maturity
31.12.2014
(in thousands of euros)
> 3 months up to ≤ 1 year
> 1 year up to ≤ 5 years
> 5 years
≤ 3 months
Total
Due to banks
6 184 780
541 483
2
6 726 265
Due to customers
33 575 033
4 772 941
4 641
38 352 615
TOTAL
39 759 813
5 314 424
4 643
0
45 078 880
NET CARRYING AMOUNT
45 078 880
(in thousands of euros)
31.12.2013
≤ 3 months
> 3 months up to ≤ 1 year
> 1 year up to ≤ 5 years
> 5 years
Total
Due to banks
7 524 889
13 102
0
109 575
7 647 566
Due to customers
28 357 309
6 909 012
3 957
35 270 278
TOTAL
35 882 198
6 922 114
3 957
109 575
42 917 844 42 917 844
NET CARRYING AMOUNT
2.5.3. CASH FLOW AND FAIR VALUE INTEREST RATE AND FOREIGN EXCHANGE HEDGING Derivative financial instruments used in a hedging relationship are designated according to the intended purpose:
• Fair value hedge; • Cash flow hedge; • Hedge of a net investment in foreign currency.
Each hedging relationship is formally documented describing the strategy, item hedged and hedging instrument, and method of measuring effectiveness.
2.5.3.1. Fair value hedges A fair value hedge modifies the risk of changes in the fair value of a fixed-rate financial instrument caused by changes in interest rates. Fair value hedges transform fixed-rate assets or liabilities into floating-rate assets or liabilities. Items hedged are principally fixed-rate loans, securities, deposits and subordinated debt.
The financial instruments considered as hedging instruments on December 31, 2014 are interest rate swaps which cover securities or customer demand deposits.
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