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Financial statements of the ECB for 2023
ECB reports loss of €1.3 billion (2022: zero) after release of €6.6 billion from provision for financial risks Loss carried forward on ECB’s balance sheet to be offset against future profits The European Central Bank’s (ECB’s) audited financial statements for 2023 show a loss of €1,266 million (2022: zero) which will be carried forward on the ECB’s balance sheet to be offset against future profits. This loss takes into account the full release of the provision for financial risks, amounting to €6,620 million, which partially covered losses incurred during the year. There will be no profit distribution ... (full story)