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4. Loans

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in thousands of EUR

2016

2015

 

 

 

 

 

 

Loans

5,765,388

5,283,743

Provision for doubtful debts

–57,050

–68,051

 

 

 

 

 

 

 

5,708,338

5,215,692

 

 

This relates to loans to customers.

Loans classified by residual maturity:

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in thousands of EUR

2016

2015

 

 

 

 

 

 

Payable on demand

192,884

218,517

1 to 3 months

631,471

730,377

3 months to 1 year

429,912

359,261

1 to 5 years

1,526,954

1,202,835

Longer than 5 years

2,984,167

2,772,753

 

 

 

 

 

 

 

5,765,388

5,283,743

 

 

EUR 571.0 million (2015: EUR 726.5 million) of the loans relates to loans to local authorities with a maximum original maturity of one year and one day.

The movement of the provision for doubtful debts is as follows:

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2016
Specific

2016
Collective

2016
Total

2015
Specific

2015
Collective

2015
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance sheet value as at 1 January

65,493

2,558

68,051

66,717

997

67,714

Addition

9,623

1,102

10,725

11,796

1,778

13,574

Write-off

–14,735

–14,735

–7,682

–7,682

Release

–6,050

–248

–6,298

–5,591

–228

–5,819

Exchange rate differences

–652

–41

–693

253

11

264

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance sheet value as at 31 December

53,679

3,371

57,050

65,493

2,558

68,051

 

 

 

 

 

 

The provision does not relate to contingent liabilities and irrevocable facilities. In the provision for doubtful debts is included an Incurred But Not Reported (IBNR) provision in the amount of EUR 3.3 million (2015: EUR 2.6 million).

EUR 0.2 million of the addition to the provision relates to interest that has been invoiced but has not been received (2015: EUR 0.4 million).

A breakdown related to received collateral, relevant industries, sectors and per geographic region can be found in the chapter 'Risk Management' starting on page 149.