Consolidated Financial Statement of the Eurosystem as at 6 December 2024
Published on 2024-12-10 14:00
Introduction The Eurosystem is a monetary union consisting of 19 European Union (EU) member states that have adopted the euro as their currency. The Eurosystem is responsible for the monetary policy of the eurozone. The Eurosystem is composed of the European Central Bank (ECB) and the national central banks (NCBs) of the 19 eurozone countries.
Financial Position of the Eurosystem As of 6 December 2024, the total assets of the Eurosystem amounted to €6,005 billion, an increase of €177 billion compared to the previous week. The main factor behind this increase was an increase in the Eurosystem’s holdings of foreign exchange reserves, which rose by €150 billion to €1,060 billion.
The Eurosystem’s liabilities also increased during the week, rising by €165 billion to €5,790 billion. The main factor behind this increase was an increase in the Eurosystem’s deposits with banks, which rose by €117 billion to €1,962 billion.
Net Profit The Eurosystem’s net profit for the week ending 6 December 2024 was €12 billion, an increase of €3 billion compared to the previous week. The main factor behind this increase was an increase in the Eurosystem’s net interest income, which rose by €2 billion to €10 billion.
Conclusion The Eurosystem’s financial position is sound and stable. The Eurosystem has ample resources to meet its obligations and to pursue its monetary policy objectives. The Eurosystem’s net profit is also positive, which indicates that the Eurosystem is financially viable.
Consolidated financial statement of the Eurosystem as at 6 December 2024
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