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ECB: 2022 profit collapses to zero due to devaluations of securities

2023-02-23T12:14:20.629Z


It had already dropped to 192 million euros in 2021. "No distribution of dividends to central banks in the euro area" (ANSA)


The ECB closes 2022 with a zeroing of profits, which had already collapsed to 192 million euros in 2021

, and consequently

"no distribution of dividends to the central banks of the euro area".


    This can be read in a note from the central bank, the results of which take into account

1.627 billion of provisions to cover financial risks on losses related to interest on net liabilities

on the target platform2 and

write-downs of securities on own funds and in the dollar portfolio. 


Source: ansa

All life articles on 2023-02-23

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