19. Cash and balances with the central bank

The item “Cash and balances with the Central Bank” presents cash recognized at nominal value, and funds in the current account and deposits with the Central Bank measured at amortized cost, and in there is no schedule for future cash flows, at amounts due, including interest on those funds (if any).

During the course of a working day, the Group may use funds from the mandatory reserve accounts for ongoing payments, on the basis of an instruction submitted to the National Bank of Poland (NBP). However, the Bank must ensure that the average monthly balance on this account complies with the requirements set in the mandatory reserve declaration.