23. Amounts due from banks
Accounting policies
Amounts due from banks comprise financial assets measured at amortized cost using the effective interest rate method, less potential impairment allowances on expected loan losses, with the exception of cash in transit which is measured at nominal value. If no future cash flow schedule can be determined for a financial receivable, and thus the effective interest rate cannot be determined, the receivable is measured at the amount due.
2018
Financial information
| Amounts due from banks | 31.12.2018 | 01.01.2018 | 31.12.2017 |
|---|---|---|---|
| Measured at amortized cost | 7 662 | 5 233 | 5 233 |
| Deposits with banks, of which: | 6 437 | 3 710 | 3 710 |
| restricted cash and cash equivalents | 4 | 9 | 9 |
| Current accounts, of which: | 1 174 | 1 470 | 1 470 |
| restricted cash and cash equivalents | 191 | 134 | 134 |
| Loans and advances granted | 48 | 51 | 51 |
| Cash in transit | 3 | 2 | 2 |
| Total, gross | 7 662 | 5 233 | 5 233 |
| Allowances for expected credit losses/ Impairment allowances | (1) | – | – |
| Total | 7 661 | 5 233 | 5 233 |
Detailed information relating to credit risk exposure in respect of amounts due from banks in respect of the year 2018 is provided in Note 29 “Expected Credit Losses” and for 2017 in Note 30 “Impairment allowances in respect of financial assets (comparable data in accordance with IAS 39)”.
The whole balance of amounts due from banks as at 1 January 2018 and as at 31 December 2018 was classified to Stage 1. In the period ended 31 December 2018 there were no transfers between stages with reference to amounts due from banks.
| Amounts due from banks by maturity | 31.12.2018 | 31.12.2017 |
|---|---|---|
| Measured at amortized cost | ||
| up to 1 month | 7 628 | 5 143 |
| 1 to 3 months | 4 | 13 |
| 3 months to 1 year | 17 | 58 |
| 1 to 5 years | 12 | 19 |
| Total | 7 661 | 5 233 |