This independent department, set up as part of measures to tighten financial controls within the Bank, is responsible for general accounting and for preparing the Bank's financial statements. Financial Control is also called upon to express a second opinion on certain aspects of the Bank's financial policies and their implementation. Financial Control covers all the Bank's activities whose data streams have an important impact on its financial position, such as credit risk, performance indicators, information and management systems, the administrative budget, ALM and market risks. Thus
Société Générale Expressbank AD
Head of ALM
Philippe LAVALLEE
Tel +359 52 686 270
Philippe.Lavallee@socgen.com
EIB credit line for the financing of investments by small and medium-sized enterprises in the fields of industry, services and agriculture in Bulgaria, including a tranche for the financing of mid-caps and public authorities.
Contribution to regional development, increasing competitiveness and productivity of Bulgarian SMEs, as well as promotion of longer-term SME finance in Bulgaria.
Credit lines
Final beneficiaries will be requested to comply with applicable national and EU
Königreich der Niederlande (KONINKRIJK DER NEDERLANDEN) über die dem Ministerium für Infrastruktur und Umwelt unterstellte Wasserbehörde Rijskwaterstaat
Das Projekt ist Teil eines umfassenderen Programms zur Verbesserung der Verkehrssituaton auf dem Straßenkorridor Schiphol-Amsterdam-Almere (SAA)...
Last Update: 11 February 2013
Financial intermediaries in Latvia
Please contact any of the following banks or leasing companies that have access to EIB
facilities:
SME Finance Facility (SME FF): To further develop a strong and competitive SME sector in the new Member
States. Banks marked with * participate or will participate soon in the SME FF.
AB DnB Banka*
Skanstes iela 12
LV- 1013 Riga
www.dnb.lv
Mrs. Galina BEKETOVA
Head of ALM Department
Tel: +371 67 015 293
Fax: +371 67 323 449
Mortgage and Land Bank of Latvia
Doma laukums 4
LV 1977
for the risks incurred.
2.2. Main Changes to Policies and Methodologies for ALM and Market Risk
Management
It is recalled that the Bank pursues very conservative policies with respect to market risk
and its risk management policies are geared to contain such risks.
The strategic objectives for ALM and Market Risk management remain those of
facilitating a stable and predictable capital... the Bank’s overall ALM and financial risk management framework,
comprising all the policies, methodologies, procedures, and reporting necessary
for its correct functioning.
• To monitor the Bank
Conclusions of the European long-term financial institutions’
working group on banking supervision
Annex 1: Synthesis of our proposals
Annex 2: Definitions
Annex 3: Academic research on long term investment
Annex 4: Numerical examples
Annex 5: Proposals on li...
Modernisierung und Verbreiterung eines etwa 21 km langen Autobahnabschnitts zwischen der äußeren Ringautobahn um Amsterdam und der Stadt Almere (A1 und A6)
management functions, and brought Credit, Asset and Liability
Management (ALM), Market and Operational risks under a unified responsibility within the new and
independent Risk Management (RM) Directorate... Financial Risk and ALM Policy Guidelines (FRPG) were issued in December 2004
and a number of new risk policies emerged, in particular, guidelines for structured and
new capital markets transactions
, banks were extensively using so-called ALM
swaps to hedge the entire balance sheet exposure, i.e. plain vanilla swaps which were
reducing the total sensitivity of the balance sheet to interest rate... extract from its pool of loans or bonds the combination which
is best hedged from the plain vanilla swaps entered into for ALM reasons.
7
Let S denote the swap and kLLL ,...,, 21 , a set
) Directorate is
responsible for Credit, Asset and Liability Management (ALM), Market and Operational risks. In
2006/2007 a number of adjustments have been made to the “EU – Credit Risk Policy Guidelines” and
“Financial Risk and ALM Policy Guidelines”.
Progress on Basel II compliance: The Audit Committee was informed of the progress towards the
implementation of the Bank’s decision... an enhanced perspective
on more aspects of risk management:
o Monthly ALM and Financial Risk Report; and
o Rapport RM/FRD/DER sur les positions de la trésorerie.
Compliance with international
implemented a reorganisation of its risk
management functions, and brought Credit, Asset and Liability Management (ALM), Market and
Operational risks under a unified responsibility within the new...
action plan, including the creation of a new “market risk policy manual” and the introduction of a
new reporting framework for the ALM and financial risks functions (both foreseen for mid 2004
is therefore
that all material financial risks are hedged.
For details on financial risk management refer to note U
of the statutory financial statements (unconsolidated
under EU-AD).
4.1. ALM... . The ALM policy
employs medium to long-term indexation for the invest-
ment of own funds to promote stability of revenues and
enhance overall returns. This is accomplished by target-
ing a duration...
and, to a lesser extent, treasury instruments held for li-
quidity purposes, as well as derivatives used to hedge
mainly funding but also lending, treasury and ALM mar-
ket risk exposures.
The Bank
Volume II
Annual Report 2009
Financial Report
Volume II
European Investment Bank Group • European Investment Bank Group • European Investment Bank Group • European Investment Bank Group
circlecopyrt EIB – 05/2010 – EN QH-AB-10-001-EN-C ISSN 1725-3446
European Investment Bank Group • European Inve...
, en noviembre de 2003 el Banco reorganizó sus funciones de gestión de riesgos
poniendo los riesgos de crédito, la gestión de activo/pasivo (ALM), los riesgos de mercado
y los riesgos operacionales... , incluyendo la creación de un
nuevo "manual de la política de riesgos de mercado" y la introducción de un nuevo marco
de presentación de informes para las funciones de ALM y riesgos financieros; estas
Policies and Procedures: The independent Risk Management (RM) Directorate is
responsible for Credit, Asset and Liability Management (ALM), Market and Operational risks. In
2005/2006, the key... and Methodologies (FRPM) manual was created in 2005 to
complement the new Financial Risk and ALM Policy Guidelines (FRPG) which were
issued in December 2004 (and which have been revised for example
The EIB Group
Activity Report 2002
Activity in 2002
Loans signed
European Union
Accession Countries
Partner Countries
Loans approved
European Union
Accession Countries
Partner Countries
Loans disbursed
From the Bank's resources
From budgetary resources
Resources raised (after swaps)
Community cur...
E u r o p e a n I n v e s t m e n t B a n k G r o u p
Volume II
Financial Report
Annual Report 2005
The EIB Group’s 2005 Annual Report consists of three separate volumes:
- The Activity Report presenting the EIB Group’s activity over the past year and future prospects;
- The Financial Report p...
Financial Report 2003
EIB Group
– EIB Group
2
EIB Group: key data
European Investment Bank
Activity in 2003 (EUR million)
Loans signed 42 332
European Union 34 187
Acceding and Accession Countries4 589
Partner Countries3 556
Loans approved 46 614
European Union 37 273
Acceding and Accession Count...
European Investment Bank Group
Volume II
Financial Report
Annual Report 2004
EIB Group: key data
European Investment Bank
Activity in 2004 (EUR million)
Loans signed 43 204
European Union 39 661
Partner Countries3 543
Loans approved 45 780
European Union 41 037
Partner Countries4 743
Loans disbur...
Volume II
Annual Report 2008
Financial Report
Volume II
European Investment Bank Group • European Investment Bank Group • European Investment Bank Group • European Investment Bank Group
circlecopyrt EIB – 06/2009 – EN QH-AB-09-001-EN-C ISSN 1725-3446
European Investment Bank Group • European Inve...
E u r o p e a n I n v e s t m e n t B a n k G r o u p
Volume II
Financial Report
Annual Report 2006
The EIB Group’s 2006 Annual Report consists of three separate volumes:
- The Activity Report presenting the EIB Group’s activity over the past year and future prospects;
- The Financial Report p...
Policy Guidelines are continuously updated
in order to keep pace with the changing risk environment. Thus, the “EU – Credit Risk Policy
Guidelines” and the “Financial Risk and ALM Policy Guidelines
) have been updated in order to expand lending possibilities, particularly with Single Signature
Single Risk (SSSR) customers. The Financial Risk and ALM Policy Guidelines (FRPG) also went
through
in
order to keep pace with the changing risk environment. Thus, the EU – Credit Risk Policy Guidelines
(CRPG) and the Financial Risk and ALM Policy Guidelines (FRPG) were both updated in February
”, to loans, borrowings and ALM swaps. Fair value accounting (or
mark-to-market) refers to accounting of the value of an asset or liability based on the current market
price of the asset or liability
1 - 2004 • N° 116 ISSN 0250-3891
1-2004EIB
EIBInformation
The EIB’s annual Press conference on
the EIB Group’s activity in 2003 was held
on 4 February in Luxembourg and
5 February in Brussels.
European Investment Bank Group’s
activity in 2003
In 2003, the European Investment Bank (EIB) lent
a ...
circlecopyrt E IB – 07/2006 – EN QH-X1-06-028-EN- C ISBN 92-861-0482-0
Corporate Responsibility
Report
2005
E u r o p e a n I n v e s t m e n t B a n k • E u r o p e a n I n v e s t m e n t B a n k • E u r o p e a n I n v e s t m e n t B a n k • E u r o p e a n I n v...
-παθητικού («Financial Risk and ALM Policy Guidelines») ενημερώθηκαν
4
τον Ιανουάριο 2009. Η Ελεγκτική Επιτροπή, παρακολουθεί συστηματικά τις εξελίξεις στον τομέα
αυτόν.
Η Ελεγκτική Επιτροπή θα
circlecopyrt E IB – 0 6/20 05 – F I Q H -AD - 05 - 0 01- FI - C ISSN 1725 -36 0 8
Osa I
Toimintakertomus
Vuosikertomus 2004
E u r o o p a n i n v e s t o i n t i p a n k k i r y h m ä
Euroopaninvestointipankkiryhmä
OsaI
Toimintakertomus
Vuosikertomus 2004
EIP-ryhmänvuosikertomukseen 2004 k...
-Passiv-Management-Politik (Financial Risk and ALM Policy
Guidelines – FRPG) überarbeitet, um der Einführung der Fair-value-Option im Zusammenhang mit
der Anwendung der Internationalen
empréstimos de assinatura única e risco único (AURU). Em 2007,
procedeu-se também ao exame das linhas de orientação relativas ao risco financeiro e à política
de gestão activo/passivo (ALM), a fim de
“ (Leitlinien für die Kreditrisikopolitik der EIB innerhalb
der EU) und die „Financial Risk and ALM Policy Guidelines“ (FRPG – Leitlinien für die
Finanzrisikopolitik und das Aktiv-Passiv-Management
στα έγγραφα “EU – Credit Risk Policy
Guidelines” (κατευθυντήριες γραμμές της πολιτικής της ΕΤΕπ έναντι των πιστωτικών κινδύνων
των εντός ΕΕ πράξεων) και “Financial Risk and ALM Policy Guidelines
. Amonyak suda çok kolay bir
şekilde oksijen içeren nitrat’a dönü şebilir.
Araştırma bölgesinde yüzey sular ında amonyak de ğerleri tüm istasyonlarda metot dedeksiyon limitinin
altında yer alm
Annual Report2007
Financial Report
Volume II
European Investment Bank Group •European Investment Bank Group •European Investment Bank Group •European Investment Bank Group
The EIB Group’s 2007 Annual Report consists of three separate
volumes:
-theActivityand Corporate ResponsibilityReport, prese...
E u r o o p a n i n v e s t o i n t i p a n k k i r y h m ä
Toimintakertomus
Osa I
Vuosikertomus 2006
EIP-ryhmän vuosikertomukseen 2005 kuuluu kolme eri osaa:
➾ Toimintakertomus, jossa esitellään EIP-ryhmän kuluneen vuoden toimintaa ja tulevai-
suudennäkymiä
➾ Tilinpäätöskertomus, jossa esit...
Artés que ocupa gran
part del traçat. Aquestes m agues consti tueix en el pai satge t ípi c de l a Plana de Vic. Es traca
d’un m ateri al gener alm ent poc com pacte i que es desf à f àci l m ent en
1
Economic and Financial Report 2003/01
Bank survey evidence on
“bank lending to SMEs in the European Union”
Rien Wagenvoort
Economic and Financial Studies
European Investment Bank
100, boulevard Konrad Adenauer
L-2950 Luxembourg
Fax : (352) 4379 9094
Email : in...
Guidelines » (Lignes
directrices de la politique de la BEI en matière de risques de crédit dans l'UE) et « Financial Risk
and ALM Policy Guidelines » (Principes directeurs en matière de risques financiers et
VolumeI
ActivityReport
AnnualReport 2004
EuropeanInvestment Bank Group
EuropeanInvestment Bank Group
VolumeI
ActivityReport
AnnualReport 2004
The EIB Group’s 2004AnnualReport consists of three separatevolumes:
–TheActivityReport presenting theEIB Group’s activityover the past year andfuture
prosp...
Leitlinien für die Finanzrisiko- und die Aktiv-
Passiv-Management-Politik („Financial Risk and ALM Policy Guidelines“ – FRPG)
ergänzen soll. Diese Leitlinien wurden im Dezember 2004 eingeführt und sind
SkupinaEurópskejinvestičnejbank y
1. diel
Správaočinnosti
Výročná správa 2004
Výročná správaSkupinyEIB za rok 2004 pozostávaz troch samostatnýchdielov:
–Správaočinnosti,ktorá predstavuječinnosť SkupinyEIB vminulom roku ajejbudúcich
vyhliadkach;
–Finančná správa,ktorá uvádzafinančné údajeSkupinyEI...
κατευθυντήριες γραµµές της πολιτικής έναντι
των χρηµατοοικονοµικών κινδύνων και των κινδύνων διαχείρισης ενεργητικού-
παθητικού (Financial Risk and ALM Policy Guidelines - FRPG), που είχαν εκδοθεί
το
2000
The EIB Group in the Year
Key data
(EUR million) 2000 1999
Contracts signed 36 033 31 800
European Union 30 644 27 765
Accession Countries 2 948 2 373
(of which Pre-Accession Facility) (1 618) (1 467)
Partner Countries 2 441 1 662
• Mediterranean Countries (excl. Cyprus and Malta) 1 214 802...
αφορά τους
χρηματοοικονομικούς κινδύνους και τη διαχείριση ενεργητικού - παθητικού (Financial Risk and ALM
Policy Guidelines, FRPG), ενώ το 2009 θεσπίστηκαν νέες κατευθυντήριες γραμμές για την
directrices de la politique de la BEI en matière de risques de crédit dans l'UE) et Financial
Risk and ALM Policy Guidelines (Principes directeurs en matière de risques financiers et de GAP) ont
tous deux
aux
documents « EU – Credit Risk Policy Guidelines » (lignes directrices de la politique de la BEI en
matière de risques de crédit dans l'UE) et « Financial Risk and ALM Policy Guidelines » (Principes
Activity Report 2003
EIB Group
EIB Group
2
EIB Group: key data
European Investment Bank
Activity in 2003 (EUR million)
Loans signed 42 332
European Union 34 187
Acceding and Accession Countries4 589
Partner Countries3 556
Loans approved 46 614
European Union 37 273
Acceding and Accession Countrie...
E u r o p e a n I n v e s t m e n t B a n k G r o u p
Activity Report
Volume I
Annual Report 2005
The EIB Group’s 2005 Annual Report consists of three separate volumes:
➾ The Activity Report presenting the EIB Group’s activity over the past year and future
prospects;
➾ The Financial Repor...
E u r o o p a n i n v e s t o i n t i p a n k k i r y h m ä
Toimintakertomus
Osa I
Vuosikertomus 2005
EIP-ryhmän vuosikertomukseen 2005 kuuluu kolme eri osaa:
➾ Toimintakertomus, jossa esitellään EIP-ryhmän kuluneen vuoden toimintaa ja
tulevaisuudennäkymiä
➾ Tilinpäätöskertomus, jossa esit...
E u r o p e a n I n v e s t m e n t B a n k G r o u p
Activity Report
Volume I
Annual Report 2006
The EIB Group’s 2006 Annual Report consists of three separate volumes:
➾ The Activity Report presenting the EIB Group’s activity over the past year and future
prospects;
➾ The Financial Repo...
E u r o p ä i s c h e I n v e s t i t i o n s b a n k - G r u p p e
Teil II
Finanzbericht
Jahresbericht 2006
Der Jahresbericht 2006 der EIB-Gruppe besteht aus drei getrennten Teilen:
- Tätigkeitsbericht: Darstellung der Tätigkeit der EIB-Gruppe im abgelaufenen Jahr sowie der künftigen Perspektiv...
Estudio de Impacto Ambiental P.H. La Joya de Tucurrique 1
DIA
DECLARACION DE IMPACTOS
El P.H. la Joya de Tucurrique prevé el aprovechamiento hidroeléctrico de la cuenca
alta del río Reventazón. Para tal efecto se captarán sus aguas en las descargas del
P.H. Cachí y se las conducirá hasta e...
Estudio de Impacto
Ambiental
Ampliación del
Aeropuerto de
Tenerife Norte
DOCUMENTO DE
SÍNTESIS
CÓDIGO: IMA368.100
Ampliación Aeropuerto de Valencia
ESTUDIO DE IMPACTO AMBIENTAL (DOCUMENTO DE SÍNTESIS) Código: IMA368.100
Mayo de 2004
Hoja de identificación del doc...
Europäische Investitionsbank-Gruppe
Teil II
Finanzbericht
Jahresbericht 2004
Die EIB-Gruppe in Zahlen
Europäische Investitionsbank
Tätigkeit im Jahr 2004 (in Mio EUR)
Unterzeichnete Verträge 43 204
Europäische Union 39 661
Partnerländer 3 543
Genehmigte Darlehen 45 780
Europäische Union 41 037
Pa...
E u r o p ä i s c h e I n v e s t i t i o n s b a n k - G r u p p e
Teil II
Finanzbericht
Jahresbericht 2005
Der Jahresbericht 2005 der EIB-Gruppe besteht aus drei getrennten Teilen:
- Tätigkeitsbericht: Darstellung der Tätigkeit der EIB-Gruppe im abgelaufenen Jahr sowie der künftigen
Perspekt...
S k u p i n a E u r ó p s k e j i n v e s t i č n e j b a n k y
Správa o činnosti
1. diel
Výročná správa 2005
Výročná správa Skupiny EIB za rok 2005 pozostáva z troch samostatných dielov:
➾ Správa o činnosti, ktorá predstavuje činnosť Skupiny EIB v minulom roku a jej
budúcich vyhliadkach;
...
FEMIP
Facilité euro-méditerranéenne
d’investissement et de partenariat
Étude sur la promotion
de l’épargne privée à long terme au Maroc
F a c i l i t é e u r o - m é d i t e r r a n é e n n e d ’ i n v e s t i s s e m e n t e t d e p a r t e n a r i a t • F a c i l i t é e u r o - m é ...
Rapport annuel 2000
Groupe BEI
a
que
eu
opée
e
d
est
sse
e
t
appo
t
a
ue
000
Chiffres clés
(en millions d’euros) 2000 1999
Contrats signés 36 033 31 800
Union européenne 30 644 27 765
Pays candidats à l’adhésion 2 948 2 373
(dont mécanisme préadhésion) (1 618) (1 467)
Pays partenaires 2 441 1 662...
G r u p p t a l - B a n k E w r o p e w t a ’ l - I n v e s t i m e n t
Rapport ta’ l-Attività
Volum I
Rapport Annwali 2006
Ir- Rapport Annwali 2006 tal-Grupp tal-BEI jikkonsisti fi tliet volumi separati:
➾ Ir-Rapport ta’ l-Attività li jippreżenta l-attività tal-Grupp tal-BEI matul is-sena ...
Table of Contents
Page
LIST OF ACRONYMS a
EXECUTIVE SUMARY I
1.0 Introduction 1
1.1 Scope of Study 1
1.2 Background – Volta River Authority 2
1.3 Proposed Aboadze-Volta Transmission Line Project (...
Jahresbericht2007
Finanzbericht
Teil II
Europäische Investitionsbank-Gruppe •Europäische Investitionsbank-Gruppe •Europäische Investitionsbank-Gruppe •Europäische Investitionsbank-Gruppe
Der Jahresbericht2007 der EIB-Gruppe bestehtaus drei
getrenntenTeilen:
-Tätigkeits- und Corporate Governance-...
1999
Relazione annuale
Banca
europea per gli
investimenti
Banca
eur
opea
per
gli
investimenti
1999
Dati essenziali
(in milioni di euro) 1999 1998
Contratti di finanziamento firmati 31 800 29 526
nell’Unione europea 27 765 25 116
fuori dell’Unione europea 4 035 4 410
• Paesi candidati all’adesione...
1999
Relatório Anual
Banco
Europeu de
Investimento
Banco
Eur
opeu
de
Investimento
1999
Dados-chave
(em milhões de euros) 1999 1998
Contratos assinados 31 800 29 526
Na União Europeia 27 765 25 116
No exterior da União Europeia 4 035 4 410
• Países candidatos à adesão 2 373 2 375
(linha de crédito...
Finanzbericht 2003
EIB-Gruppe
– EIB-Gruppe
2
Die EIB-Gruppe in Zahlen
Europäische Investitionsbank
Tätigkeit im Jahr 2003 (in Mio EUR)
Unterzeichnete Verträge 42 332
Europäische Union 34 187
Beitretende Staaten und Beitrittsländer4 589
Partnerländer3 556
Genehmigte Darlehen 46 614
Europäische Uni...
1999
Annual Report
European
Investment
Bank
Eur
opean
Investment
Bank
1999
Key data
(EUR million) 1999 1998
Contracts signed 31 800 29 526
Within the European Union 27 765 25 116
Outside the European Union 4 035 4 410
• Candidate Countries 2 373 2 375
(of which Pre-Accession Facility) (1 467) (1 ...
•
^βΙ'
A UT O R O y TE A JB Ä
ο;Ε;ρ^·β^Τ€-«Λ:^ΕΝΤ5' &m^: H.Ä:UT;s-'B«~-§:ei-pj:€ ΐτ .Ε>:Β« •ν-ν^-ε,ι.^ΝΕ^βν Ä
ENQUtfî i>H6AlAfllLÊ
•
••^•ΐ4βίϊο^»ικ:»Ι*ΑΙ(ηάί!»Βΐ^ίΚΪΐ.Β)ί - Via«iiife. Poi«
- .wilon SnfîNMalmâ^nn iRN )3> « Baî)ly <Λ J2> :
la modinciitûtit. )u«:.-t)Îvêe a« Si«l «lu pit» Mat...