ECB profit for 2016 rises on asset purchase income

ecb-frankfurt-new
The European Central Bank

The European Central Bank's (ECB) net profit increased by €111 million ($118.3 million) in 2016 to approximately €1.2 billion, it announced today (February 16).

The expanded asset purchase programme also led to a 36% increase in the size of the ECB's balance sheet, from €257 billion in 2015 to €349 billion in 2016. The appreciation of some of the foreign-currency-denominated assets held by the ECB also drove the value of the balance sheet higher.

Higher net interest on the portfolio acquired und

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: