Annual report 2004 (PDF, 4141 kB) - Unicredit Bank

The table below summarises the effective interest rate by major currencies for monetary
financial instruments:
As at 31 December 2003
CZK
%
USD
%
GBP
%
EUR
%
Assets
Cash and balances with central bank 1.65 0 0 0
State treasury and other bills eligible for CNB refinancing 2.19 0 0 0
Due from other banks 1.94 1.20 0 2.41
Trading securities – debt securities 6.35 1.44 4.15 2.33
Loans and advances to customers 3.77 3.85 4.65 4.29
Securities available-for-sale – debt securities 0 7.26 0 0
Liabilities
Due to other banks 2.31 1.05 3.88 2.25
Debt securities in issue 2.49 0.76 3.74 1.80
Due to customers 1.04 0.25 2.28 0.75
(g)
Liquidity risk
The Bank is exposed to daily calls on its available cash resources from overnight deposits,
current accounts, maturing deposits, loan draw downs, guarantees and other calls on cash
settled derivatives. The Bank does not maintain cash resources to meet all of these needs as
experience shows that a minimum level of reinvestment of maturing funds can be predicted
with a high level of certainty. The Board sets limits on the minimum proportion of maturing
funds available to meet such calls and on the minimum level of interbank and other borrowing
facilities that should be in place to cover withdrawals at unexpected levels of demand.
In case of unexpected outflow of liquid resources, the Bank has a back up portfolio of highly
liquid government bonds and back up liquidity line with its main shareholder.
The table below analyses assets and liabilities of the Bank into relevant maturity groupings
based on the remaining period at the balance sheet date to the contractual maturity date.
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