36. Subordinated liabilities

Accounting policies

Subordinated liabilities are measured at amortized cost using the effective interest rate method.

Financial information

 Nominal value in currency CurrencyPeriodSpecial termsBalance in PLN
Subordinated bonds1 600.7PLN14.09.2012- 14.09.2022right of early redemption within 5 years from the issue date1 616.61 616.7
Subordinated loan from Nordea Bank AB (publ)224.0CHF24.04.2012 - 24.04.2022 922.4882.5
Total     2 539.0 2 499.2

Both subordinated bonds and the subordinated loan were earmarked, with the consent of the Polish Financial Supervision Authority, for increasing the Group’s supplementary funds.