Last year, government bonds accounted for 56% of the central bank’s portfolio, up 14 percentage points from 2009, while cash in current accounts and deposits dropped by 13 points, to 32%.
Forex reserve management revenue reached EUR418 million in 2009.
In its annual report, the central bank notes that the investment policy focused on limiting exposure to private banks, as the global financial system continues to show vulnerability. On the other hand, investment in government bonds was increased.
The central bank widened its portfolio of investment in euro last year to 66%, from 63%, while investment in US dollars dropped to 24%, from 29%.
The bank’s forex reserves grew in 2010 by EUR4.13 billion, to EUR32.432 billion.