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Annual accounts

The annual accounts of the 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 increased by €111 billion in 2021, mainly due to the acquisition of monetary policy securities, mainly owing to purchases of securities under the PEPP and the APP.



The €1,452 million decrease in profit compared with 2020 was mainly due to lower income earned on the US dollar portfolio and the monetary policy securities portfolios, as well as a transfer of €610 million to the provision for financial risks, increasing it to its upper limit.


Monetary policy securities

Securities held for monetary policy purposes increased by €96 billion. Net interest income earned on monetary policy securities amounted to €1,006 million.

Totals may not add up, due to rounding.

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