摘要：Bank investment portfolio management is,after credit portfolio management,the most important method of managing bank’s fi nancial funds.Th e main goal of investment portfolio is maximizing the income and maintaining the solvency with limiting the risks within the guidelines set by the bank’s management.Th e investment portfolio generates the income (in the form of interest money,capital gain and provisions for off ering investment services) and provides solvency reserves.Managing portfolio returns means selection of a particular combination of securities,their optimum expire date / duration,and the time of purchase and sale.Portfolio risk is seen as the deviation from the real compared to the expected income in the investment portfolio.Th ose deviations could be results of unexpected changes in interest rates,problems in charging interests and capitals,and unexpected infl ation.Management of risk focuses on capital insurance,providing cash in accordance with the needs of maintaining the solvency and the time for buying the securities consistent with the business cycle.Moreover,it includes diversifi cation of portfolios with diff erent types of securities,their issuers and expire dates.
其他摘要：Upravljanje investicionim portfoliom banke je,nakon upravljanja kreditnim portfoliom,najvažniji način upravljanja fi nansijskim sredstvima banke.Osnovni cilj investicionog portfolija je maksimizacija prihoda i odrzavanje likvidnosti uz limitiranje rizika unutar smernica postavljenih od strane menadžmenta banke.Investicioni portfolio generiše prihod (u formi prihoda od kamata,kapitalnih dobitaka i provizija za pružanje usluga investiranja) i obezbeđuje rezerve likvidnosti.Upravljanje prinosom portfolija podrazumeva selekciju određene kombinacije hartija od vrednosti,njihove optimalne rokove dospeća/trajanja,vreme kupovine i prodaje.Portfolio rizik se utvrđuje kao odstupanje stvarnog u odnosu na očekivani prinos u investicionom portfoliju.Takva odstupanja mogu biti rezultat neočekivanih promena u kamatnim stopama,problema u naplati kamata i glavnice,i neočekivanoj infl aciji.Upravljanje rizikom se fokusira na osiguranju glavnice,obezbeđenju gotovine u skladu sa potrebama održavanja likvidnosti i vremenu kupovine hartija od vrednosti u skladu sa poslovnim ciklusom.Takođe uključuje i diversifi kaciju portfolija sa različitim tipovima hartija od vrednosti,njihove emitente i rokove dospeća.
