The breakdown of “Guarantees and contingent commitments given” included as memorandum items is set out below:
OFF-BALANCE-SHEET EXPOSURE | HEDGING | ||||||
STAGE 1 | STAGE 2 | STAGE 3 | STAGE 1 | STAGE 2 | STAGE 3 | ||
Financial guarantees given | 5,902 | 294 | 164 | (7) | (9) | (64) | |
Loan commitments given | 75,400 | 2,772 | 327 | (43) | (11) | (5) | |
Other commitments given | 19,486 | 553 | 168 | (7) | (10) | (37) |
OFF-BALANCE-SHEET EXPOSURE | HEDGING | ||||||
STAGE 1 | STAGE 2 | STAGE 3 | STAGE 1 | STAGE 2 | STAGE 3 | ||
Financial guarantees given | 5,574 | 190 | 218 | (7) | (4) | (77) | |
Loan commitments given | 68,702 | 2,216 | 214 | (27) | (4) | (31) | |
Other commitments given | 20,577 | 473 | 176 | (12) | (8) | (50) |
OFF-BALANCE-SHEET EXPOSURE | HEDGING | ||||||
STAGE 1 | STAGE 2 | STAGE 3 | STAGE 1 | STAGE 2 | STAGE 3 | ||
Financial guarantees given | 5,329 | 182 | 224 | (38) | (24) | (135) | |
Loan commitments given | 62,004 | 1,691 | 258 | (24) | (2) | (18) | |
Other commitments given | 18,596 | 502 | 241 | (7) | (1) | (106) |
The Group only needs to pay the amount of contingent liabilities if the guaranteed counterparty breaches its obligations. It believes that most of these risks will reach maturity without being settled.
With respect to contingent commitments, the Group has an undertaking to facilitate funds to customers through drawables on lines of credit and other commitments, whenever it receives a request and subject to compliance with certain conditions by the counterparties. It believes that a large portion of them will fall due prior to drawdown, either because they will not be requested by customers or because the drawdown conditions will not be met.
The breakdown of “Loan commitments given” included as memorandum items in the balance sheet, is set out below:
31/12/2020 | 31/12/2019 | 31/12/2018 | |||||||
DRAWABLE | LIMITS | DRAWABLE | LIMITS | DRAWABLE | LIMITS | ||||
Drawable by third parties | |||||||||
Credit institutions | 103 | 943 | 213 | 244 | 93 | 232 | |||
Public administrations | 4,390 | 6,890 | 3,729 | 4,711 | 1,960 | 2,608 | |||
Other sectors | 74,006 | 103,697 | 67,190 | 121,994 | 61,900 | 117,820 | |||
TOTAL | 78,499 | 111,530 | 71,132 | 126,949 | 63,953 | 120,660 | |||
Of which: conditionally drawable | 3,839 | 3,751 | 4,098 |