Annual report 2004 (PDF, 4141 kB) - Unicredit Bank
Annual report 2004 (PDF, 4141 kB) - Unicredit Bank
Annual report 2004 (PDF, 4141 kB) - Unicredit Bank
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As at 31 December 2003<br />
Assets CZK EUR USD SKK GBP Other Total<br />
CZK m CZK m CZK m CZK m CZK m CZK m CZK m<br />
Cash and balances with central<br />
bank 1 664 61 42 7 11 26 1 811<br />
Due from banks 13 730 986 2 158 89 11 394 17 368<br />
Due from customers 18 808 3 042 599 0 36 301 22 786<br />
Trading securities 1 486 1 838 1 015 0 461 0 4 800<br />
Securities available-for-sale 22 0 771 0 0 0 793<br />
Investments 5 0 0 0 0 0 5<br />
Other assets 1 665 52 5 0 0 1 1 723<br />
37 380 5 979 4 590 96 519 722 49 286<br />
Liabilities<br />
Due to banks 3 377 681 51 0 76 581 4 766<br />
Due to customers 23 239 5 746 4 620 71 423 618 34 717<br />
Liabilities from debt securities 3 445 349 289 24 57 0 4 164<br />
Subordinated liabilities 1 000 0 0 0 0 0 1 000<br />
Provisions 503 0 0 0 0 0 503<br />
Other liabilities 3 736 278 113 0 2 7 4 136<br />
35 300 7 054 5 073 95 558 1 206 49 286<br />
Net assets/(liabilities) 2 080 - 1 075 - 483 1 - 39 - 484 0<br />
Net off-balance sheet assets<br />
from spot transactions and<br />
term instruments - 2 030 1 011 535 - 1 43 475 33<br />
Net open currency position 50 - 64 52 0 4 - 9 33<br />
(f)<br />
Interest rate risk<br />
The <strong>Bank</strong> takes on exposure resulting from fluctuations in the prevailing levels of market<br />
interest rates on its financial position and cash flows. Interest margins may increase<br />
as a result of such changes but may reduce or create losses in the event that unexpected<br />
movements arise.<br />
The Board of Directors sets limits on the level of mismatch of interest rate repricing that may<br />
be undertaken, which is monitored daily.<br />
57
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