The European Central Bank’s profits fell by almost a third in 2014 as interest rates declined, bond holdings matured and creating a new regulatory unit boosted costs.
Earnings slid to 989 million euros ($1.13 billion) from 1.44 billion euros the previous year, the ECB said in a statement on Thursday. The Governing Council decided to transfer 841 million euros to national central banks at the end of January and will distribute the remainder on Friday.
