Annual Report - VÚB banka

3. Cash and cash equivalents
For the purposes of the cash fl ow statement, cash and cash equivalents comprise the following balances
with agreed maturity of less than 90 days:
Notes 2007 2006
Cash and balances with central banks 4 4,493 4,872
Treasury bills and other eligible bills 6 9,967 2,974
Current accounts in other banks 5 784 363
Term deposits with central and other banks 5 3,117 11,854
Loans and advances to central and other banks 5 28,715 22,424
42,076 42,487
4. Cash and balances with central banks
2007 2006
Balances with central banks:
Compulsory minimum reserves 666 1,785
Current accounts 1,021 548
1,687 2,333
Cash in hand 2,806 2,539
4,493 4,872
The compulsory minimum reserve is maintained as an interest bearing deposit under the regulations
of the NBS and the CNB. The amount of the compulsory minimum reserve depends on the level of customer
deposits accepted by the Bank and is calculated as 2% of a monthly average balance of selected
customer deposits.
83
The daily balance of the compulsory minimum reserve can vary signifi cantly based on the amount
of incoming and outgoing payments. The Bank’s ability to withdraw the compulsory minimum reserve is
restricted by statutory legislation.
5. Loans and advances to banks
2007 2006
Current accounts in other banks 784 363
Loans and advances to:
Central banks 19,911 22,424
Other banks 11,101 2,576
Term deposits with:
Central banks 2,397 665
Other banks 923 12,571
Impairment losses (note 10) (26) (33)
35,090 38,566
VUB, a bank of Intesa Sanpaolo group