ECB net profit declines by 8.5% partly on US rates

GERMANY - The European Central Bank Thursday reported a net profit of 1.82 billion euros in 2001, down 8.5% from 1.99 billion euros the preceding year.

The profit comes after the distribution of 1.51 billion euros to the 12 euro-zone national central banks on their claims related to foreign-reserve assets. The ECB's regular income derives primarily from investment earnings on its holdings of foreign-reserve assets and on paid-up capital of 4.1 billion euros.

In 2001, the ECB earned total net in