The Group continues to recognize the financial assets related to repurchase agreements and securities lending transactions on the statements of financial position since those transactions are not qualified for derecognition even though the Group transfers the financial assets. A financial asset is sold under a repurchase agreement to repurchase the same asset at a fixed price, or loaned under a securities lending agreement to be returned as the same asset. Thus, the Group retains substantially all the risks and rewards of ownership of the financial asset. The amounts of transferred assets and related liabilities as of December 31, 2016 and 2017, are as follows:
| 2016 | ||||||||
| Carrying amount of transferred assets |
Carrying amount of related liabilities |
|||||||
| (In millions of Korean won) | ||||||||
|
Repurchase agreements |
￦ | 9,302,087 | ￦ | 8,815,027 | ||||
|
Loaned securities |
||||||||
|
Government bond |
108,062 | — | ||||||
|
Stock |
552,872 | — | ||||||
|
Others |
16,250 | — | ||||||
|
|
|
|
|
|||||
|
Total |
￦ | 9,979,271 | ￦ | 8,815,027 | ||||
|
|
|
|
|
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| 2017 | ||||||||
| Carrying amount of transferred assets |
Carrying amount of related liabilities |
|||||||
| (In millions of Korean won) | ||||||||
|
Repurchase agreements |
￦ | 10,111,732 | ￦ | 10,666,315 | ||||
|
Loaned securities |
||||||||
|
Government bond |
418,966 | — | ||||||
|
Stock |
729,702 | — | ||||||
|
Others |
— | — | ||||||
|
|
|
|
|
|||||
|
Total |
￦ | 11,260,400 | ￦ | 10,666,315 | ||||
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|
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