Annual report 2019

5. Net fee and commission income

Fee and commission income 12 months ended
31.12.2019
12 months ended
31.12.2018
loans, advances and leases 268,045 214,180
account maintenance 138,333 107,258
cash service 39,742 22,440
cash transfers and e-banking 101,877 59,568
guarantees and documentary operations 57,625 38,512
asset management and brokerage operations 117,935 91,249
payment and credit cards 216,707 118,879
insurance mediation activity 60,249 47,015
product sale mediation and customer acquisition 28,302 13,431
other commissions 13,885 12,182
Total fee and commission income 1,042,700 724,714
Fee and commission expense 12 months ended
31.12.2019
12 months
ended 31.12.2018
loans, advances and leases (2,768) (2,803)
account maintenance (5,598) (3,951)
cash service (15,582) (6,343)
cash transfers and e-banking (4,565) (1,959)
asset management and brokerage operations (19,296) (20,109)
payment and credit cards (115,656) (76,429)
insurance mediation activity (14,972) (11,592)
product sale mediation and customer acquisition (29,044) (24,075)
other commissions (15,282) (10,063)
Total fee and commission expense (222,763) (157,324)
Net fee and commission income 819,937 567,390

The commission income for 2019 includes revenues from custody activities in the amount of PLN 117,935 thousand (PLN 91,249 thousand in 2018) and the amount of costs from custody activities in the amount of PLN 19,296 thousand (PLN 20,109 thousand in 2018).

Net commission income includes commission income that relate to assets and liabilities that are not measured at fair value with the result of measurement recognized in the profit or loss account for 2019 in the amount of PLN 636,548 thousand, while for 2018 in the amount of PLN 463,892 thousand, and commission costs for 2019 in the amount of PLN 72,529 thousand, as compared to PLN 50,723 thousand for 2018.

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