Table 1 – International reserves
| Market Value | Average return in reserve currencies, p.a. | ||||
|---|---|---|---|---|---|
| EUR mil | Share | 5 years | 3 years | 1 year | |
| Liquidity tranche | 47 005 | 34.0 % | n/a | −0.11 % | −0.35 % |
| Investment tranche | 91 298 | 66.0 % | n/a | 4.62 % | 5.28 % |
| Total | 138 303 | 1.85 % | 2.51 % | 3.13 % | |
Table 2 – Division of the international reserves by investment instrument
| Type of investment | Share |
|---|---|
| Bonds | 54.0 % |
| – government | 40.7 % |
| – government agencies | 6.9 % |
| – supranational issuers | 3.1 % |
| – MBS and covered bonds | 3.3 % |
| Money market instruments | 30.6 % |
| Equities | 15.2 % |
| Other | 0.2 % |
Table 3 – Currency allocation of the international reserves
| Currency | Share |
|---|---|
| EUR | 58.2 % |
| USD | 23.1 % |
| CAD | 6.9 % |
| AUD | 3.7 % |
| JPY | 3.3 % |
| GBP | 2.8 % |
| SEK | 1.1 % |
| CNY | 0.5 % |
| SDR | 0.3 % |
| gold | 0.2 % |
| other currencies | 0.0 % |
Explanatory notes:
- The average return in reserve currencies p.a. is calculated as the weighted average of the returns on portfolios in the currencies of the respective portfolios; the weights are the ratios of the portfolios’ market value to the total;
- Five years, three years and one year are moving periods, i.e., for example, a one-year period contains data for the last four quarters.
- Bonds are broken down into four major categories:
- bonds issued by governments,
- bonds of government agencies, i.e. issuers with a close relationship with the central government, whose liabilities are usually explicitly guaranteed by the government,
- supranational issuers include, for example, the BIS, IBRD, EBRD, EIB, etc.,
- MBS bonds and covered bonds are mortgage-backed bonds (bonds guaranteed by selected US agencies – MBS or covered bonds typically issued in Europe).
- Other is the sum of the market value of gold and derivative positions, for example, positions in futures contracts, interest rate and FX swaps, etc.