Annual Report

The Annual Report describes the tasks and activities of the European System of Central Banks (ESCB) and reports on the Eurosystem’s monetary policy.

It is usually published in April of the following year and is presented by one of the ECB’s Executive Board members to the European Parliament at a public hearing.

The Annual Report includes the Annual Accounts of the ECB. These are also published as a separate document several weeks before the Annual Report.

Accountability
Webcasts: hearings at the European Parliament

Annual Report 2016 Foreword by Mario Draghi

Digital innovation in financial markets

Distributed ledger technology could have a profound impact on financial market infrastructures.

More

Banks’ business models and low interest rates

It is often said that more fee and commission income could support bank profitability in the current environment. The success of such a strategy depends on a bank’s specific business model.

More

Distributional impact of monetary policy

Over the medium term, the monetary policy measures taken by the ECB in recent years have positive distributional effects by reducing unemployment, which benefits poorer households the most.

More

Possible implications of Brexit

High uncertainty surrounds the United Kingdom’s future economic relationship with the European Union. It is imperative to preserve the integrity of the Single Market and the homogeneity of its rules.

More

Annual Report 2016

Read

2016
Annual report
Annual accounts
Consolidated balance sheet of the Eurosystem as at 31 Dec 2016
2015
Annual report
Annual accounts
Consolidated balance sheet of the Eurosystem as at 31 Dec 2015
2014
Annual report
Annual accounts
Consolidated balance sheet of the Eurosystem as at 31 Dec 2014
2013
Annual report
2012
Annual report
2011
Annual report
2010
Annual report
2009
Annual report
2008
Annual report
2007
Annual report
2006
Annual report
2005
Annual report
2004
Annual report
2003
Annual report
2002
Annual report
2001
Annual report
2000
Annual report
1999
Annual report
1998
Annual report
1997
Annual report
1996
Annual report
1994
Annual report
1992
Annual report
1991
Annual report