For the 2021 financial year, the balance sheet total amounted to 369.3 billion euros compared to 286.5 billion euros at the end of the 2020 financial year, an increase of 29%, which is explained by the bank’s refinancing operations and purchase of the Eurosystem securities.
A decade ago, the balance sheet total was 127 billion euros.
However, the bank has grown over the past ten years, with around 435 staff, compared to 290 a decade ago.
With regard to balance sheet liabilities, the volume of commitments in euros to credit institutions in the euro area related to monetary policy operations increased by 43% from 178,300 million euros in 2020 to 255,770 million euros in 2021.
Profits made on financial transactions are down on the previous year. They amount to 1.8 million euros in 2021 compared to 11 million in 2020.
The BCL, which is both a European and a national institution, said continues to experience strong growth induced by the evolution of all the often highly complex missions in which it invests. This inevitably poses a number of organisational challenges, including financial and human resources.
The 2021 annual report can be downloaded from the BCL website and will also soon be available on request (info@bcl.lu).
