ECB Posts Higher Profit, Details SMP Holdings in Annual Accounts
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The European Central Bank posted a net profit of 998 million euros ($1.32 billion) for 2012, up from 728 million euros in 2011.
The Frankfurt-based ECB earned a surplus of 2.164 billion euros last year, up from 1.894 billion euros, its annual accounts showed today. The Governing Council decided to transfer 1.166 billion euros to the risk-provision account, which now totals 7.529 billion euros, the ECB said.