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Annual Accounts

The Annual Accounts of the European Central Bank (ECB) reflect the financial position and results of the ECB’s operations at year-end. They comprise the management report, the financial statements (i.e. the balance sheet, the profit and loss account, a summary of significant accounting policies and other explanatory notes), the independent auditor’s report and the note on profit distribution/allocation of losses.

The financial statements are prepared in accordance with the accounting policies laid down in the relevant legislation and are specific to the European System of Central Banks and the ECB. Read more about the production of the ECB’s financial statements.

The Annual Accounts are an integral part of the ECB’s Annual Report. They are published in February, ahead of the respective Annual Report.


In key figures


Balance sheet

The ECB’s balance sheet decreased by €24.4 billion in 2023 to a total of €674.5 billion, mainly due to the maturing of monetary policy securities.

More on the balance sheet

Full release of the provision for financial risks

The provision for financial risks was released in full to partially offset losses incurred in 2023, which mainly arose from the interest expense resulting from the net TARGET liability.

More on provisions

ECB’s loss for the year after the release of the provision for financial risks

The ECB’s loss for the year will be carried forward on its balance sheet to be offset against future profits. The loss, which follows a long period of substantial profits, reflects the role and necessary policy actions of the Eurosystem in fulfilling its primary mandate of maintaining price stability and has no impact on its ability to conduct effective monetary policy.

More on the profit and loss account
Totals may not add up, due to rounding.

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