113
2014 ANNUAL REPORT
28 Contingent liabilities
(continued)
b) Customers’ liability under acceptances, guarantees, indemnities and letters of credit
2014
2013
Acceptances
742,087
725,650
Guarantees and indemnities
106,898
105,381
Letters of credit
117,716
110,903
966,701
941,934
c) Sectoral information
State
209,274
101,043
Corporate and commercial
650,259
612,046
Personal
32,995
23,343
Other financial institutions
50,983
183,260
Other
23,190
22,242
966,701
941,934
d) Pledged assets
The table below illustrates the distribution of pledged assets in the Group’s statement of financial position:
Carrying amount
Related liability
2014
2013
2014
2013
Financial investments -
available-for-sale
2,821,949
3,175,602
2,741,021
3,105,856
The assets pledged by the Group relate to a pool of securities held for the purpose of providing collateral for the counterparty. Individual
securities within the pool may be sold by the Group once the total value of the pool exceeds the value of the liability. In the event of the
Group’s default, the counterparty is entitled to apply the collateral in order to settle the liability.
