7. 11. 2023

Information on the international reserves – size as of 30 September 2023

Table 1 – International reserves - actively managed portfolios

  Market Value Average return in reserve currencies. p.a.
EUR mil Share 5 years 3 years 1 year
Liquidity tranche 24 587 20.5% 0.52% 0.87% 2.95%
Investment tranche 95 080 79.5% 1.73% −0.22% 4.71%
Total 119 667   0.96% −0.04% 4.49%

 

Table 2 – Division of the actively managed international reserves portfolios by investment instrument

Type of investment Share
Bonds 63.1%
 – government 50.4%
 – government agencies 6.1%
 – supranational issuers 2.8%
 – MBS and covered bonds 3.7%
Money market instruments 16.8%
Equities 19.1%
Other 1.0%

 

Table 3 – Currency allocation of the international reserves

Currency Share
EUR 49.5%
USD 31.1%
CAD 7.8%
AUD 4.0%
GBP 3.5%
JPY 1.6%
gold 1.1%
SEK 1.0%
SDR 0.5%
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:
    1. bonds issued by governments.
    2. bonds of government agencies. i.e. issuers with a close relationship with the central government. whose liabilities are usually explicitly guaranteed by the government.
    3. supranational issuers include. for example. the BIS. IBRD. EBRD. EIB. etc..
    4. 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.