Other assets

Accounting policies

Financial assets recognized in this item are stated at amounts due, comprising also potential interest on such assets, taking into consideration impairment allowances. Non-financial assets are measured in accordance with the valuation principles applicable to specific categories of assets recognized in this item.

Financial information


OTHER ASSETS31.12.201731.12.2016
Settlements in respect of card transactions1 1361 236
Settlements of financial instruments (including unpaid option premium)284382
Receivables in respect of cash settlements158125
Receivables and settlements in respect of trading in securities9480
Receivables relating to selling excess currency226
Assets for sale107178
Prepayments and deferred costs286291
Trade receivables209173
VAT receivable114102
Reinsurance receivables472377
Total2 9253 034
of which financial assets2 3772 247


not impaired, of which:2 3782 247
not past due2 3682 235
past due1012
Total, gross2 4772 354
Impairment allowances(100)(107)
Total net carrying amount2 3772 247

Management of foreclosed collateral– item assets for sale

Foreclosed collaterals as a result of restructuring or debt collection activities are either designated for sale or used by the Group for internal purposes. Details of the foreclosed assets are analysed in order to determine whether they can be used by the Group for internal purposes.

All of the assets foreclosed as a result of restructuring and debt collection activities in the years ended 31 December 2017 and 31 December 2016, respectively, were designated for sale. Activities undertaken by the Group are aimed at selling assets as soon as possible.

The primary procedure for the sale of assets is an open tender. In justified cases, the sale follows a different procedure depending on the specifics of the sold property.