7. 2. 2025

Information on the international reserves – size as of 31 December 2024

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 27 845 20.5% 1.51% 2.77% 4.00%
Investment tranche 107 778 79.5% 2.89% 1.80% 5.59%
Total 135 623   2.41% 2.27% 5.54%

Note: Sum of shares does not have to be equal 100% because of rounding.

Table 2 – Division of the international reserves by investment instrument

Type of investment Share
Bonds 54.1%
 – government 44.8%
 – government agencies 4.6%
 – supranational issuers 1.2%
 – MBS and covered bonds 3.5%
Money market instruments 20.3%
Equities 22.5%
Gold 3.0%
Other 0.0%

Note: Sum of shares does not have to be equal 100% because of rounding.

Table 3 – Currency allocation of the international reserves

Currency Share
EUR 48.8%
USD 30.9%
CAD 7.3%
AUD 3.6%
GBP 3.4%
JPY 1.7%
gold 3.0%
SEK 0.9%
SDR 0.4%
other currencies 0.0%

Note: Sum of shares does not have to be equal 100% because of rounding.

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 values of derivative positions, for example positions in futures contracts, interest rate and FX swaps, etc.