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- Financial notes
- 38. Financing received
- 38.3. Subordinated liabilities
38.3. Subordinated liabilities
| Type of liability | Type of interest rate | Notional amount | Currency | Period | Carrying amount | |
| 31.12.2023 | 31.12.2022 | |||||
| Subordinated bonds | 6M WIBOR +0.0155 | 1,700 | PLN | 28.08.2017 – 28.08.2027 | 1,748 | 1,752 |
| Subordinated bonds | 6M WIBOR +0.0150 | 1,000 | PLN | 05.03.2018 – 06.03.2028 | 1,026 | 1,029 |
| Total | 2,774 | 2,781 | ||||
The subordinated bonds were designated for increasing the Group’s supplementary funds (Tier 2) upon approval of the Polish Financial Supervision Authority. Due to unfavourable market circumstances, a decision was made on 1 August 2022 to abandon the early redemption of the series OP0827 subordinated bonds issued by the Bank on 28 August 2017.