GENERAL MEETING DRAFT - Bankier.pl

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Qualitative Information
A. General Aspects, Exchange Rate Risk Management Processes and Measurement Methods
As it has already been said in the introduction, exchange rate risk also originates from positions taken by
Group specialist centers holding assigned market risk limits within certain levels of discretion.
Exchange risk originates from currency trading activities performed through the negotiation of the various
market instruments, and is constantly monitored and measured by using internal models developed by
group companies. These models are, in addition, used to calculate capital requirements on market risks
corresponding to this type of risk.
B. Hedging Exchange Rate Risk
The Parent company implements a policy of hedging profits created by the Group’s Polish subsidiaries
(which constitute the main subsidiaries not belonging to the euro zone), as well as dividends relating to
the previous year, said policy being activated during the period between year-end and the payment date.
This hedging policy is implemented using foreign exchange derivative products aimed at protecting
against fluctuations in the Euro/Zloty exchange rate.
Quantitative information
1.Distribution by currency of assets and liabilities and derivatives (� '000)
Amounts as at 12.31.2009
Items
Currencies
Turkish
Swiss
Other
US dollar Zloty Yen
Lira
franc currencies
A. Financial assets 75,491,345 24,302,620 5,445,632 7,067,279 21,762,852 71,560,004
A.1 Debt securities 9,766,991 6,579,706 358,011 1,314,450 609,651 8,686,172
A.2 Equity securities 632,632 24,414 1,052,682 17,928 98,768 696,290
A.3 Loans to banks 29,819,747 3,283,795 1,709,419 1,061,245 3,394,938 12,582,378
A.4 Loans to customers 35,241,061 14,412,867 2,323,867 4,673,641 17,624,519 48,432,320
A.5 Other financial assets 30,914 1,838 1,653 15 34,976 1,162,844
B. Other assets 488,885 222,664 6,610 202,423 12,161 879,105
C. Financial liabilities 106,389,664 23,453,882 3,952,125 5,610,526 7,359,780 63,016,533
C.1 Deposits from banks 40,551,045 2,133,048 1,312,146 428,391 4,071,205 25,152,209
C.2 Deposits from customers 22,319,814 20,342,035 177,774 4,475,408 1,091,122 25,752,314
C.3 Debt securities in issue 36,637,457 729,840 891,936 34,955 1,812,663 9,390,654
C.4 Other financial liabilities 6,881,348 248,959 1,570,269 671,772 384,790 2,721,356
D. Other liabilities
E. Financial derivatives
- Options
656,316 474,738 1,445 1,938 2,214 542,201
- Long positions 33,157,829 723,830 5,800,968 - 10,404,281 12,003,666
- Short positions
-Other
24,859,675 435,358 1,255,203 - 1,771,527 4,991,268
- Long positions 552,589,558 50,062,950 39,810,674 230,130 161,666,484 192,053,289
- Short positions 436,223,401 47,897,014 36,366,213 159,003 146,061,426 159,428,749
Total assets 661,727,617 75,312,064 51,063,884 7,499,832 193,845,778 276,496,064
Total liabilities 568,129,056 72,260,992 41,574,986 5,771,467 155,194,947 227,978,751
Difference (+/-) 93,598,561 3,051,072 9,488,898 1,728,365 38,650,831 48,517,313
Derivatives are shown, under the double entry method, at settlement value for those with underlying securities and at the notional value for
those without underlying securities. Options are shown at their delta equivalent value.
2009 CONSOLIDATED REPORTS AND ACCOUNTS
428