Financial statements and key figures

OeNB posts operating profit of EUR 286 million

The OeNB’s total assets expanded in 2017 year on year to EUR 143.7 billion, reflecting above all the monetary policy asset purchase program. The OeNB’s net currency position decreased to EUR 18.3 billion, with gold and gold receivables accounting for EUR 9.7 billion thereof. The OeNB’s operating profit for 2017 came to EUR 286 million, up EUR 18 million against the previous year. Transfers to risk provisions had an impact of EUR 275 million in 2017. After EUR 72 million in corporate income tax plus, in line with the Nationalbank Act, the transfer of both EUR 21 million to the pension reserve and EUR 174 million to the central government (equaling the latter’s 90% share of profit), the OeNB’s profit for the year 2017 amounted to EUR 19 million.

OeNB indicators over the past five years  
  2017 2016 2015 2014 2013
 
                                                                                                EUR million
Net currency position 18,347 20,005 14,324 18,531 13,430
   of which gold and gold receivables 9,739 9,885 8,761 8,892 7,843
Banknotes in circulation 30,035 28,893 27,795 26,237 24,497
Total assets 143,716 122,556 106,987 92,827 97,485
Operating profit excluding selected items 748 529 1,171 811 662
 
Staff costs 147 157 142 139 136
Administrative expenses 81 84 85 84 82
Operating profit 286 268 753 341 298
Corporate income tax 72 67 188 85 75
Transfer to the pension reserve 21 20 22
Central government’s share of profit 174 163 508 230 181
Profit for the year 19 18 56 26 20
 
Staff in full-time equivalents (FTEs)1 1,227.5 1,227.5 1,229.2 1,234.8 1,232.9
   staff employed in core business areas1, 2 1,100.0 1,091.8 1,085.9 1,084.0 1,089.1
 

Comment

The OeNB has been an integral part of the European System of Central Banks since January 1, 1999. For definitions of the individual balance sheet items, see Annex IV of the ECB’s accounting guideline (link provided under General information).

The current accounting format differs from the format on which the financial statements used to be based before 1999; therefore, it is not possible to make meaningful comparisons.

Discrepancies may arise from rounding.