ECB costs and profits on the rise, annual accounts show

ecb-frankfurt-new
The European Central Bank

The net profit of the European Central Bank (ECB) rose in 2015, while its operating costs grew considerably as a result of its assumption of supervisory duties, its financial statement for the year shows.

The bank’s balance sheet also grew, from €185bn ($205.8bn) to €257bn. This was largely due to the purchases of securities under the ECB’s asset-purchase programme, the appreciation of the bank’s foreign reserves and the increase of euro notes in circulation, the bank said in a statement.

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