Integrated Report 2021

35. Subordinated liabilities

31.12.2021 31.12.2020
Subordinated liabilities 4 334,572 4,306,539

Change in the balance of subordinated liabilities 12 months ended
31.12.2021
12 months ended
31.12.2020
Opening balance 4,306,539 1,882,064
Loans received 2,300,000
Change in the balance of interest 6,716 1,795
Exchange differences 21,317 122,680
Closing balance 4,334,572 4,306,539

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