European Central Bank - eurosystem
Search Options
Home Media Explainers Research & Publications Statistics Monetary Policy The €uro Payments & Markets Careers
Sort by

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 increased by €18.7 billion in 2022 to a total of €698.9 billion, mainly due to the acquisition of monetary policy securities.

More on the balance sheet

Amount released from provision for financial risks

Part of the provision for financial risks was released to offset losses incurred in 2022. After the release, the size of the remaining provision stood at €6.6 billion.

More on provisions

Financial result

Before the release from the provision for financial risks the ECB had a loss of €1,627 million, which mainly arose from the interest expense resulting from the net TARGET2 liability, securities write-downs and realised price losses from securities sales. The release from the provision for financial risks offset the losses, bringing the ECB’s financial result to zero.

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

All pages in this section