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Bank overdrafts and short-term borrowings
 12 Months Ended
Dec. 31, 2019
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Bank overdrafts and short-term borrowings
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Bank overdrafts and short-term borrowings
Bank overdrafts and short-term borrowings as at December 31, 2019 and 2018 are analysed as follows:
 
 
  
31/12/19
 
  
31/12/18
 
 
  
 
 
 
  
 
 
 
Bank overdrafts
  
 
1,974
 
  
 
1,762
 
Borrowings secured over trade receivables
  
 
21,029
 
  
 
29,992
 
Borrowings unsecured
  
 
1,167
 
  
 
3,394
 
 
  
 
 
 
  
 
 
 
Total
  
 
24,170
 
  
 
35,148
 
 
  
 
 
 
  
 
 
As at December 31, 2019 and 2018 bank overdrafts and short-term borrowings denominated in foreign currencies amount to 253 and 254, respectively.
The weighted average interest rates on the bank overdrafts and short-term borrowings for the years ended December 31, 2019 and 2018 are as follows:
 
 
  
2019
 
  
2018
 
Bank overdrafts
  
 
4.13%
 
  
 
4.35%
 
Borrowings
  
 
2.55%
 
  
 
2.69%
 
As at December 31, 2019, the unused portion of credit facilities available to the Group, for which no commitment fees are due, amount to 24,251. Such unused portion is related to a
non-recourse
factoring agreement for export-related trade receivables (18,080), borrowings to be secured with trade receivables (3,577) and bank overdrafts (2,594).