36. Subordinated liabilities

Accounting policies

Subordinated liabilities are measured at amortized cost using the effective interest rate method.

Financial information

 Nominal value in currency CurrencyPeriodSpecial termsBalance in PLN
     31.12.201631.12.2015
       
Subordinated bonds1 600.7PLN14.09.2012- 14.09.2022right of early redemption within 5 years from the issue date1 616.61 616.7
Subordinated loan from Nordea Bank AB (publ)224.0CHF24.04.2012 - 24.04.2022 922.4882.5
       
Total     2 539.0 2 499.2
 

Both subordinated bonds and the subordinated loan were earmarked, with the consent of the Polish Financial Supervision Authority, for increasing the Group’s supplementary funds.