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Europe Daily Bulletin No. 9156

22 March 2006
Contents Publication in full By article 30 / 44
GENERAL NEWS / (eu) eu/ecb
Annual accounts of European Central Bank back in balance in 2005

Brussels, 21/03/2006 (Agence Europe) - After a net loss of €1,636 million in 2004, the 2005 tax year ended back in balance for the European Central Bank (ECB). The ECB earned a surplus of €992 million in 2005. An equivalent amount was set aside in a provision against foreign exchange rate, interest rate and gold price risks, leaving a declared net profit of exactly nil. With many assets in dollar bills, the ECB benefited from the appreciation of the US currency in comparison to the Euro...

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