7 Commitments and contingent liabilities
During the first half year of 2018 the irrevocable facilities decreased mainly as a result of disbursements and lower production of new contracts.
IFRS 9 | IAS 39 December 31, 2017 | |
Contingent liabilities | ||
Effective guarantees issued | 101,100 | 68,129 |
Less: provisions, amortized costs and obligations for guarantees (presented under other liabilities) | -2,157 | -3,108 |
Total contingent liabilities | 98,943 | 65,021 |
Guarantees received | ||
Effective guarantees received | 194,525 | 175,042 |
Total guarantees received | 194,525 | 175,042 |
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