Document Type : Original Article


1 Ph.D. Candidate, Department of Financial Management, Faculty of Management and Economics, University of Sistan and Baluchestan, Zahedan, Iran.

2 Associate Prof., Department of Financial Management, Faculty of Management and Economics, University of Sistan and Baluchestan, Zahedan, Iran.

3 Prof., Department of Financial Management, Faculty of Management, University of Tehran, Tehran, Iran.


Asset-liability management (ALM) helps managers achieve their respective objectives by surveilling and controlling the ways through which resources are obtained and allocated. Furthermore, with the help of liquidity management, which sets the required cash by banks for fulfilling costs and other needs (e.g. the cash requested by depositors), ALM controls the risk. In addition, ALM helps managers realize profitability and efficiency of the bank through the application of goal programming (GP) whereby multiple objectives are simultaneously considered when making decisions.
In the present research, upon collecting the required data and information, acquiring opinions of experts at a sample bank, and investigating balance sheet of the bank while considering respective constraints, orders of priority of objectives were determined. The results indicated consistency of some items in the balance sheet, such as cash inventory and liability to Central Bank with those set by the model. On the other hand, when it came to some other items, including receivables from the government and credited facilities to public sector, the observed growth was in line with that anticipated by the model. In the meantime, for most items of the balance sheet, including termed deposits and other deposits, investments, and joint activities, the model suggested variable yet positive growths; the growth was higher in demand deposits which are known as less expensive resources, indicating facts about Iranian banking system and Iranian economy where communities are making greater deals of effort to attract this sort of resource.


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