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European Central Bank (ECB)

Logo European Central Bank (ECB)The European Central Bank (ECB) is the central bank for Europe's single currency, the euro. The ECB's main task is to maintain the euro's purchasing power and thus price stability in the euro area. ECB is one of the world's most important central banks, responsible for monetary policy covering the 17 member countries of the Eurozone. The Bank was established on 1 June 1998. The organisation of the ECB is modelled on that of the German Bundesbank and Landesbanken.

The ECB is governed by a board of directors, headed by a President, and a board of governors, consisting of the members of the board of directors and representatives of the local central banks within the European System of Central Banks (ESCB).

These ads are not affiliated with European Central Bank (ECB)
Headquarter Frankfurt am Main, Germany
Key People Mr Mario Draghi (President)
Website www.ecb.europa.eu
Head Office Kaiserstrasse 29 D-60311 Frankfurt am Main
Phone +49 69 1344 7455
Fax +49 69 1344 7404
Founded 1998
ID: 508. Updated: 01.11.2011

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Financial News
 China Overtakes the USA as the World’s Largest ATM Market

04.04.2014 Chinese Financial News, an authoritative media of financial industry in China, released the report of Chinese ATM Market Overview 2013. Source: GRG Banking Equipment

 The Global Islamic Microfinance Forum Ready to Set New Standards

16.09.2013 The Forum will determine the Standards and strategic policies for Sustainable Islamic Microfinance Development. Source: AlHuda Centre of Islamic Banking and Economics

 New Chairman for Mediterranean Bank Network (MBN)

17.05.2013 Mr. Hassan El Basri has been elected as chairman of the Mediterranean Bank Network (MBN). Source: Mediterranean Bank Network

 Islamic banking assets to surpass $1.8 trillion globally in 2013

05.02.2013 Global Islamic banking assets are forecast to cross $1.8 trillion in 2013 up from $1.3 trillion in 2011, Ernst & Young said in its World Islamic Banking Competitiveness Report 2013. Source: zawya.com

 No more queues in front of ATMs

23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.

 Swiss bank Wegelin & Co. to close after US tax evasion fine

04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC

 Banks seen shrinking for good as lay-offs near 160,000

16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters

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