Page 44 - Annual Report 2020
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3. Composition of total liabilities
Overall liabilities as of December 2020 increased by 12.1%
year-on-year, attributed to intra-group funding and term debt.
Intra-group funding remained the key funding source,
representing 65.8% of total liabilities as of December 2020,
a decrease from the prior year’s level of 73.6%. The proportion
of term debt to total funding increased noticeably during 2020,
growing from 13.0% to 24.6% as of the 2020 year-end.
Deposits and current accounts, comprising fixed and notice
deposits, decreased to 8.9% of total liabilities compared to
12.6% as of year-end 2019.
T ABLE OF C ONTENT S
