20. Amounts due from banks
2019
Accounting policies
Principles of classification and measurement are described note “Description of significant accounting policies”. In the case of receivables for which no future cash flow schedule can be determined, and thus the effective interest rate cannot be determined either, the receivable is measured at the amount due.
Amounts due from banks also include reverse repo transactions. Such transactions are measured at amortized cost. The difference between the sale price and repurchase price constitutes interest income and is settled over the period of the agreement using the effective interest rate.
Financial information
| AMOUNTS DUE FROM BANKS | 31.12.2019 | 31.12.2018 |
|---|---|---|
| Measured at amortized cost | 4 093 | 7 662 |
| Deposits with banks | 2 995 | 6 437 |
| Current accounts | 997 | 1 174 |
| Loans and advances granted | 99 | 48 |
| Cash in transit | 2 | 3 |
| Total, gross | 4 093 | 7 662 |
| Allowances for expected credit losses | (1) | (1) |
| Total | 4 092 | 7 661 |
Detailed information about credit risk exposure for amounts due from banks is provided in note “Financial assets by stage of impairment and allowances for expected credit losses”.
| AMOUNTS DUE FROM BANKS BY MATURITY | 31.12.2019 | 31.12.2018 |
|---|---|---|
| Measured at amortized cost | ||
| up to 1 month | 3 988 | 7 628 |
| 1 to 3 months | 78 | 4 |
| 3 months to 1 year | – | 17 |
| 1 to 5 years | 26 | 12 |
| Total | 4 092 | 7 661 |