About the treasury

Funding

A variety of products are available to investors, ranging from plain vanilla to emerging market currency issues and structured, tailor-made products. The Bank's debt instruments take the form of Eurobonds, Global Bonds and domestic issues in selected markets.

Investments - Credit

The Investment-Credit desk manages the long term credit portfolio of the Bank. The portfolio is managed within the dual objective of protecting the Bank’s capital and to optimise returns on the portfolio within defined market, liquidity and credit risk parameters. In making investments and taking exposures, the Bank is guided by the principle of conservatism, expressed through the credit quality of assets invested.

Balance Sheet Management

Balance Sheet Management encompasses the following business units within Treasury and is involved in reviewing and suggesting risk management solutions for implicit Balance Sheet risks:

Asset and Liability Management
(ALM) manages all unwarranted interest-rate and FX risk, as well as liquidity in local currencies. ALM provides a service to the Bank by pooling FX and interest rate risk which are then actively managed. ALM accesses a broad spectrum of markets in terms of instruments, liquidity and regulations.

Cash Management
manages the net liquidity of the Bank in hard currencies by issuing commercial paper and investing excess funds in money market instruments and collateralised lending.

External Asset Management

Short-duration mortgage-backed securities portfolio:
Request for proposal  (0.1Mb) for portfolio management

Client Risk Management

Provides advice and structuring expertise on all derivative/capital market related matters to the Banking division and its clients. CRM assesses the financial risks on the Bank’s loan and equity projects and provides specific hedging/risk mitigation methods for these. It actively promotes local currency financing for clients and is involved in the establishment of new banking products.

Notice to readers
Nothing in this site or any materials shall be construed, implicitly or explicitly as containing any investment recommendation or advice, and constituting an offer of, or an invitation by or on behalf of, EBRD to purchase or sell any securities.