About the Treasury

Funding

A variety of products is 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.

Treasury Organisational chart (15KB - PDF)

Investments - Credit

The Investments-Credit desk manages the long-term credit portfolio of the Bank. The portfolio is managed with the dual objective of protecting the Bank’s capital and optimising 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 pools and actively manages EBRD's interest-rate and FX risks, as well as liquidity in local currencies. ALM accesses a broad spectrum of markets, instruments and currencies.
• 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.

Client risk 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.

 

 

Last updated 21 April 2010