July 30, 2016 2:49 AM ET

Banks

Company Overview of European Central Bank

Company Overview

European Central Bank operates as the central bank for Europe's single currency, the euro. The company’s activities include the definition and implementation of monetary policy for the euro area; conducting foreign exchange operations; holding and management of the official foreign reserves of the euro area countries; and the promotion and operation of payment systems. It also issues banknotes; collects necessary statistical information from national authorities or directly from economic agents to fulfil the tasks of the European System of Central Banks; supervises credit institutions and the stability of financial system; and maintains working relations with relevant institutions, bodies, a...

Sonnemannstrasse 20

Frankfurt am Main,  60314

Germany

Founded in 1994

2,871 Employees

Phone:

49 69 1344 0

Key Executives for European Central Bank

President of the Executive Board, President and Member of Governing Council
Age: 69
Director General of Budget and Finance
Member of Governing Council and President of the Deutsche Bundesbank
Age: 48
Head of International & European Relations, Member of Executive Board and Member of Governing Council
Age: 47
Chief of Economics, Member of Executive Board and Member of Governing Council
Age: 67
Compensation as of Fiscal Year 2016.

European Central Bank Key Developments

European Central Bank Presents at Bundesbank Spring Conference 2016, Jun-10-2016 02:15 PM

European Central Bank Presents at Bundesbank Spring Conference 2016, Jun-10-2016 02:15 PM. Venue: Eltville am Rhein, Germany. Speakers: Vítor Manuel Ribeiro Constâncio, Vice-President of Executive Board and Member of Governing Council.

The European Central Bank to Appoint Anne-Sylvie Catherin as Director General Human Resources

The European Central Bank announced to appoint Anne-Sylvie Catherin, 46, as Director General Human Resources. She will take up her new role at the latest on 1 September 2016 and will report to Michael Diemer, Chief Services Officer. Ms. Catherin currently heads the Human Resources Department of the European Organization for Nuclear Research (CERN) in Geneva, Switzerland, where she has worked since 1996 in managerial and professional positions. Before joining CERN, she worked as a Legal Advisor for the International Labour Organization Administrative Tribunal in Geneva and as a Humanitarian Officer for the Centre for Peace and anti-war actions.

European Central Bank Reports Earnings Results for the Year 2015

European Central Bank reported earnings results for the year 2015. The company reported net profit increased in 2015, due to income the sale of securities and its ability to recover operating expenses related to its role as banking supervisor. The company reported net profit amounted to €1.082 billion ($1.2 billion), up from €989 million a year earlier. Overall, total net interest income fell to €1.475 billion in 2015 from €1.536 billion in 2014. A substantial part of the interest income is made up of earnings from its SMP programme.

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