Treasury Operations

Funding & Investing

The Treasury department operates under guidelines established by the Banks Asset & Liability Committee. The Treasury identifies, measures and manages the risks inherent in the Bank’s balance sheet, ensures that timely funding is available for lending operations and invests funds that are surplus to lending requirements. The Bank takes a conservative approach to Treasury Management and regards preservation of its capital as the primary objective.

Bond Issues

Current outstanding bond issues
  • CHF 100 million bond - May, 2015 – December 2019. Coupon 1.625%.
  • USD 500 million bond - April, 2016 – April 2021. Coupon 4.875%. MTN programme.
  • RON 22 million private placement - October 2015 – October 2018. Coupon 3.5%. MTN Programme.
  • RON 80 million private placement – January 2016 – January 2018. Coupon 3.5%. MTN Programme.
  • GEL 48 million, domestic private placement - November 2015 – November 2018. Floating coupon rate NBG 3 month CD rate.
  • GEL 60 million, domestic private placement - July 2016 – July 2019. Floating coupon rate NBG 3 month CD rate.
  • AMD 2 billion, domestic bond issue - June 2017 – June 2020. Coupon 8.455%.

 

Issuance programmes

  • EURO 1 Billion MTN Programme established, June 2015
  • EURO 1 billion Euro Commercial Paper program established, April 2013