Integrated Report 2021

17. Cash and cash balances at central bank

Cash and cash equivalents 31.12.2021 31.12.2020
Cash and other balances 3,049,607 3,403,704
Account in the National Bank of Poland 1,582,153 18,176
Gross cash and cash equivalents 4,631,760 3,421,880
Impairment allowances (283) (3)
Total cash and cash equivalents 4,631,477 3,421,877

Change of impairment allowances 12 miesięcy do
12 miesięcy do
Change of impairment allowances (3) (374)
Increases due to acquisition or origination (3,067) (1,576)
Decreases due to derecognition 3,120 1,491
Other changes (including foreign exchange differences) (333) 456
Closing balance (283) (3)


During the day, the Group may use cash on statutory reserve accounts for current cash settlements based on an order placed at the National Bank of Poland. The Bank has to ensure that the average monthly balance matches the declared statutory reserve amount.

The funds on the statutory reserve account bear interest. As at 31 December 2021 interest on statutory reserve accounts was 1.75% (0.1% as at 31 December 2020).

The balance of cash in hand and at Central Bank includes the statutory reserve maintained with the National Bank of Poland. The basic reserve requirement at 31.12.2021 was 2% (at 31.12.20 it was 0.5%). The declared reserve level to be maintained since 31 December 2021 was PLN 2,079,746 thousand (as compared to PLN 484,302 thousand in December 2020).

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