Embassy of Greece in London
Home About Us Embassy of Greece in London News ECB's profits from Greek bonds amount to 555 million euros
ECB's profits from Greek bonds amount to 555 million euros
The nominal value of Greek state bonds that the European Central Bank (ECB) has purchased amounts to 33.9 billion euros, implementing the two programmes on the purchase of titles, namely the Securities Market Programme and the Outright Monetary Transactions OMT, that was announced last September.amna
In all, the nominal value of the portfolio of the bonds of the "problematic countries" Italy, Ireland, Spain, Portugal and Greece that the ECB posesses at the end of 2012 amounted to 218 billion euros.
Meanwhile, as appears from the annual accounts for the fiscal year ending on December 31 2012, the revenues obtained by the ECB from the Greek bonds amounted to 555 million euros compared to 654 million euros in 2011. The ECB's net profits for 2012 reached 998 million euros (2011: 728 million euros).
Last Updated Tuesday, 26 February 2013