(38) Cash funds 31 Dec 2008 31 Dec 2007 Euro mn Cash on hand 0 1 Balances with central banks 693 1,050 Total 693 1,051 (39) Loans and advances to banks 31 Dec 2008 31 Dec 2007 Euro mn Term deposits and current account balances 845 431 Public-sector loans 286 333 Receivables from securities repurchase transactions 0 1,377 Other loans and advances 34 104 Total 1,165 2,245 Loans and advances to banks are allocated to the measurement category "Loans and receivables (lar)". (40) Loans and advances to customers 31 Dec 2008 31 Dec 2007 Euro mn Property loans 22,813 22,550 Public-sector loans 1,875 1,738 Other loans and advances 83 697 Total 24,771 24,985 Loans and advances to customers are allocated to the measurement category "Loans and receivables (lar)". A part of the risks in property loan portfolios is placed on the international capital markets through securitisation transactions. The exposure to credit risks collateralised by synthetic securitisation transactions related to property finance under management amounts to 24 million as at 31 December 2008 (2007: 3,059 million). Synthetic securitisation does not result in a derecognition of the loans and advances concerned. First loss pieces are assumed up to an amount of 21 million (2007: 21 million). (C) Notes to the Consolidated Balance Sheet 139Aareal Bank Group ­ Annual Report 2008 | Consolidated Financial Statements | Notes