Financial statements

The OeNB posts an operating profit of EUR 283 million

Reaching EUR 150 billion, the OeNB’s total assets had increased further in 2018, which was, above all, due to the Eurosystem’s monetary policy asset purchase program. The OeNB’s net currency position rose to EUR 19.9 billion, with gold and gold receivables accounting for EUR 10.1 billion thereof.
At EUR 283 million, the OeNB’s operating profit for 2018 fell EUR 3 million short of the previous year’s result. Transfers to risk provisions had an impact of EUR 150 million in 2018. After corporate income tax (EUR 56 million) plus, in line with the Nationalbank Act, the transfer to the pension reserve (EUR 23 million) and the central government’s 90% share of profit (EUR 184 million), the OeNB’s profit for the year 2018 amounted to EUR 20 million.

OeNB indicators over the past five years  
  2018 2017 2016 2015 2014
 
                                                                                                EUR million
Net currency position 19,938 18,347 20,005 14,324 18,531
   of which gold and gold receivables 10,091 9,739 9,885 8,761 8,892
Banknotes in circulation 31,585 30,035 28,893 27,795 26,237
Total assets 149,951 143,716 122,556 106,987 92,827
Operating profit excluding selected items 629 748 529 1,171 811
 
Staff costs 152 147 157 142 139
Administrative expenses 81 81 84 85 84
Operating profit 283 286 268 753 341
Corporate income tax 56 72 67 188 85
Transfer to the pension reserve 23 21 20 − −
Central government’s share of profit 184 174 163 508 230
Profit for the year 20 19 18 56 26
 
Staff in full-time equivalents (FTEs)1 1,209.3 1,227.5 1,227.5 1,229.2 1,234.8
   staff employed in core business areas1, 2 1,079.3 1,100.0 1,091.8 1,085.9 1,084.0
 
Source: OeNB.
1 Figures include part-time employees on a pro rata basis.
2 Excluding employees on secondment or leave (such as maternity and parental leave).