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Annual Accounts

The Annual Accounts of the ECB reflect the financial position and results of its 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 each year, ahead of the respective Annual Report.

Annual Accounts 2024 Press release Frequently asked questions on the ECB’s Annual Accounts Explainer: Profits and losses of the ECB and the euro area national central banks: where do they come from?
2024

in figures

€640.6billion

Balance sheet

The ECB’s balance sheet decreased by €32.6 billion in 2024 to a total of €640.6 billion. This is mainly due to a decline in monetary policy securities owing to redemptions.

More on the balance sheet
€7,944million

Loss for the year

The ECB’s loss for the year was again driven by the significant interest expense resulting from the net TARGET liability. Given that the provision for financial risks was released in full in 2023, it was not available to cover any losses in 2024. The 2024 loss, together with the loss from previous year, will remain on the ECB’s balance sheet to be offset against future profits.

More on the profit and loss account

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