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Integrated Report 2020

53. Related party transactions

BNP Paribas Bank Polska S.A. operates within the BNP Paribas Bank Polska S.A. Capital Group.

BNP Paribas Bank Polska S.A. is the parent in the BNP Paribas Bank Polska S.A. Capital Group.

The ultimate parent company is BNP Paribas S.A. located in Paris.

As at 31 December 2020, the Capital Group of BNP Paribas Bank Polska S.A. comprised BNP Paribas Bank Polska S.A., the parent, and its subsidiaries:

  1. BANKOWY FUNDUSZ NIERUCHOMOŚCIOWY ACTUS SP. Z O.O. („ACTUS”).
  2. BNP PARIBAS TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH S.A. („TFI”).
  3. BNP PARIBAS LEASING SERVICES SP. Z O.O. („LEASING”).
  4. BNP PARIBAS GROUP SERVICE CENTER S.A. („GSC”).
  5. CAMPUS LESZNO SP. Z O.O.
  6. BNP PARIBAS SOLUTIONS SPÓŁKA Z O.O
  7. BGZ POLAND ABS1 DAC („SPV”).

All transactions between the Bank and its related parties were entered into as part of its daily operations and included mainly loans, deposits, transactions in derivative instruments as well as income and expenses related to advisory and financial intermediation services.

Transactions with shareholders of BNP Paribas Bank Polska S.A. and related parties:

XLS
31.12.2020  BNP Paribas S.A.
located
in Paris		 BNP Paribas
Fortis S.A.		  Other entities
from the capital
group of
BNP Paribas S.A.		 Key personnel Total
Assets 1,368,942 3,326 38,681 4 1,410,953
Receivables on current accounts, loans and deposits 201,866 2,859 31,592 – 236,317
Derivative financial instruments 635,475 – – – 635,475
Derivative hedging instruments 531,326 467 – – 531,793
Other assets 275 – 7,089 4 7,368
Liabilities 10,511,640 32,066 1,364,764 6,409 11,914,879
Loans received 3,506,745 – 414,294 – 3,921,039
Current accounts and deposits 1,964,027 32,066 670,210 6,409 2,672,712
Subordinated liabilities 4,029,098 – 277,441 – 4,306,539
Derivative financial instruments 951,742 – – – 951,742
Derivative hedging instruments 60,027 – – – 60,027
Lease liabilities – – 2,552 – 2,552
Other liabilities – – 267 – 267
Contingent liabilities
Financial commitments granted – – 765,987 105 766,092
Guarantees granted 114,658 198,268 778,875 – 1,091,801
Commitments received 990,111 130,455 938,840 – 2,059,406
Derivative instruments (nominal value) 63,199,300 – – – 63,199,300
Derivative hedging instruments (nominal value) 18,996,846 13,844 – – 19,010,690
Statement of profit or loss 43,133 6,914 (51,543) (25) (1,521)
12 months ended 31.12.2020
Interest income 44 200 1,144 – 1,388
Interest expense (143,586) (65) (14,890) (25) (158,566)
Fee and commission income 450 203 30,214 – 30,867
Fee and commission expense – – (6,256) – (6,256)
Net trading income 240,889 6,576 9 – 247,474
Other operating income – – 3,819 – 3,819
Other operating expense – – (327) – (327)
General administrative costs (54,664) – (65,256) – (119,920)

 

XLS
31.12.2019 BNP
Paribas S.A.		 BNP Paribas
Fortis S.A.		 Other entities
from the capital
group of
BNP Paribas S.A.		 Key
personnel		 Total
Assets 696,243 5,646 375,015 33 1,076,937
Receivables on current accounts, loans and deposits 120,910 4,650 270,198 3 395,761
Derivative financial instruments 351,629 100 11 – 351,740
Derivative hedging instruments 223,640 893 – – 224,533
Other assets 64 3 104,806 30 104,903
Liabilities 4,243,670 10,846 2,445,000 5,738 6,705,254
Loans received 1,921,054 – 1,421,191 – 3,342,245
Current accounts and deposits 291,720 10,846 752,601 5,733 1,060,900
Subordinated liabilities 1,630,349 – 256,066 – 1,886,415
Derivative financial instruments 375,204 – – – 375,204
Derivative hedging instruments 24,633 – – – 24,633
Other liabilities 710 – 15,142 5 15,857
Contingent liabilities
Financial commitments granted – – 227,588 57 227,645
Guarantees granted 72,215 187,480 600,158 – 859,853
Commitments received 2,152,316 123,415 1,132,726 – 3,408,457
Derivative instruments (nominal value) 50,735,912 227,067 132,014 – 51,094,993
Derivative hedging instruments (nominal value) 7,340,164 12,776 – – 7,352,940
Statement of profit or loss (142,727) (452) (53,035) (62) (196,276)
12 months ended 31.12.2019
Interest income – 519 2,388 – 2,907
Interest expense (80,926) (290) (24,287) (63) (105,566)
Fee and commission income 204 257 15,743 1 16,205
Fee and commission expense (347) – (284) – (631)
Net trading income (41,448) (937) (132) – (42,517)
Other operating income – – 5,801 – 5,801
Other operating expense – (1) (82) – (83)
General administrative costs (20,210) – (52,182) – (72,392)

Remuneration of the Management Board and Supervisory Board

XLS
Remuneration of the Management Board 31.12.2020 31.12.2019
Short-term employee benefits 17,419 16,867
Long-term benefits 4,561 12,637
Benefits due to termination of employment 1,846 33
Post-employment benefits 522 –
Share-based payments 3,983 2,830
Total 28,331 32,367

 

XLS
Remuneration of the Supervisory Board 31.12.2020 31.12.2019
Short-term employee benefits 1,380 1,294
Total 1,380 1,294

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