Financial Analysis and Currency Deposits
Conducive conditions for fixed income portfolio expansion going forward
Fixed income securities per portfolio category - NBV
Fixed income securities per issuer type - NBV
% assets
8%
7%
7%
(€ mn)
(€ mn)
FVTPL-
1,925
1,925
1,855
1,908
1,908
1,855
1
40'
0
FVOCI²
516
733
604
Other financial &
non-financial corporations
Other Governments
50'
3%
35
311
278
344
18%
Cyprus Government
736
774
694
36%
1,391
Amortised cost 1,191
1,251
Financial Institutions
629
559
595
31%
Supranationals
209
209
225
12%
Dec 21
Mar 22
Jun 22
Dec 21
Mar 22
Jun 22
Portfolio comprised of highly rated holdings of low average duration that provides reallocation flexibility and will allow the Bank to benefit from the rising
interest rate environment (amortised cost portfolio)
•
Average Duration: 1.7 years³
•
Average rating: A2
•
Ample excess liquidity conducive for the expansion of fixed income portfolio subject to market conditions
•
Majority of positions in the FVOCI book are hedged for interest rate risk, therefore minimal effect on reserves expected from interest rate changes
723
1)
Investments classified as fair value through profit or loss
2)
Investments classified as fair value through other comprehensive income
3)
After taking into consideration the hedging of interest rate risk
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