Annual Report 2019

Central Bank of the Republic of Armenia Notes to the 2019 consolidated financial statements 20. Deposits and accounts of financial and other institutions In thousands of Armenian Drams Foreign currency liabilities Vostro accounts and deposits of domestic banks Current accounts of related parties Current accounts of other legal entities Total foreign currency liabilities Domestic currency liabilities Vostro accounts and deposits of domestic banks Current accounts and term deposit of related parties Current accounts of other legal entities Other deposits Total domestic currency liabilities Total deposits and accounts of financial and other institutions 31 December 2019 31 December 2018 373,816,783 244,798,174 1,475,390 1,745,105 989,282 772,384 376,281,455 247,315,663 343,857,702 364,466,344 284,157 49,870 975,287 674,295 2,002,678 2,002,678 347,119,824 367,193,187 723,401,279 614,508,850 Concentration of deposits and accounts of financial and other institutions As at 31 December 2019 three counterparty banks had balances, individually exceeding 10% of the total amount of deposits and accounts of financial and other institutions, amounting to AMD 390,862,187 thousand (31 December 2018: three banks with total balance of AMD 299,682,463 thousand). 21. Other borrowed funds In thousands of Armenian Drams Due to the KfW Due to the EIB Due to the World Bank Due to the ADB Other Total other borrowed funds 31 December 2019 31 December 2018 59,582,037 63,695,678 51,891,908 54,856,643 20,267,749 21,285,991 6,590,621 6,684,513 4,409,806 5,187,927 142,742,121 151,710,752 The loans due to the KfW are provided under an intergovernmental agreement on financial cooperation between the Government and the Federal Republic of Germany to finance special loan programs placed through domestic commercial banks (Note 12). The loans mature from 2020 to 2048 (31 December 2018: from 2019 to 2048). The repayment of the loans to the KfW is guaranteed by the Government. The loan due to the World Bank is provided by the World Bank for financing small and medium enterprises through domestic commercial banks and financial institutions (Note 12). The loan matures during the period from 2020 to 2035 (31 December 2018: from 2019 to 2035). The loan due to ADB is provided by the Asian Development Bank for financing women-owned small and medium enterprises (Note 12) through commercial banks and financial institutions and matures during the period from 2020 to 2044 (31 December 2018: from 2019 to 2044). The loan due to the EIB is provided by the European Investment Bank for financing agriculture and tourism sectors through domestic commercial banks and financial institutions (Note 12). The loan matures during the period from 2020 to 2030 (31 December 2018: from 2019 to 2030). The loan obtained by one of the Group's subsidiaries from French Agency for Development included into category "Other" matures during the period from 2020 till 2025 (31 December 2018: from 2019 to 2025). As at 31 December 2019 the balance outstanding under this loan facility is AMD 4,409,806 thousand (31 December 2018: AMD 5,187,927 thousand). 34

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