44. Loan portfolio sale

In 2021 the Group concluded agreements regarding the sale of individual loans from SME, corporate and retail loan portfolio. 

The gross book value of the portfolio sold measured at amortised cost amounted to PLN 711,954 thousand, while the amount of created impairment allowances was PLN 638,727 thousand.  

The contractual price for the sale of these portfolios has been set at PLN 158,147 thousand. The net effect on the Group’s results from the sale of portfolios which amounted to PLN 84,920 thousand is presented in Net impairment allowances on financial assets and provisions on contingent liabilities.