Management of Investment Assets 

Our investment portfolio

The Bank's investment portfolio is about €19.5 billion and is comprised of euro-denominated assets.

The portfolio is invested in the major money and capital markets, in instruments that include deposits, other money market instruments, government bonds and other high-quality fixed income securities. We manage the portfolio by reference to a benchmark portfolio in order to maximise the returns, subject to liquidity and security considerations approved by the Commission.

Other portfolios

The Bank also manages a share of the ECB’s US dollar reserve assets. Following a request from the Central Bank of Malta, we also manage Malta’s share of the ECB’s US dollar pooled reserves since 1 January 2008. This €0.7 billion portfolio represents the Bank's and the Malta’s share of the Eurosystem's foreign exchange reserves.

How we manage our investment assets

The following sections describe how we manage our investment assets: