GB00_erste lage_E - Erste Group

Organisation of
risk management
at Erste Bank
The following assets were pledged as security for the above-mentioned liabilities:
in EUR million 2000 1999
Loans and advances to credit institutions 1 0
Loans and advances to customers 1,697 1,833
Trading assets 53 59
Investments available for sale 51 0
Financial investments 0 83
Tangible fixed assets 0 0
41) Fiduciary transactions
The fiduciary operations not reported in the Balance Sheet are broken down as follows:
in EUR million 2000 1999
Loans and advances to credit institutions 29 29
Loans and advances to customers 51 55
Investments available for sale 9 14
Financial investments 0 0
Assets held in trust 89 98
Amounts owed to credit institutions 79 70
Amounts owed to customers 1 13
Debts evidenced by certificates 9 15
Liabilities held in trust 89 98
42) Risk Management Policies
The Central Risk Management department in the Controlling and Risk Management Division acts
as a central and independent risk control unit as required by the Austrian Banking Act and sets
up group guidelines for processes relating to risk management. This department aims at identifying
and measuring all of the risks (market, credit and operational risks) existing throughout the
Group based on Value-at-Risk, thus laying the foundation for risk-efficient capital allocation and
earnings assessment.
Erste Bank 2000 107