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Annual Report

The ECB publishes an annual report on how it carried out its supervisory tasks each year. The report is usually published in March of the subsequent year and is presented to the European Parliament by the Chair of the Supervisory Board of the ECB at a public hearing.




CET1 ratio

The euro area banking sector remained resilient, with banks’ aggregated Common Equity Tier 1 (CET1) capital ratio standing at 14.7% at the end of the third quarter of 2022, only slightly below the level seen at the end of 2019. With the banking sector reporting record levels of profitability during 2022, the decrease in the aggregate CET1 ratio was mostly driven by asset growth.



Banks’ return on equity (RoE) rose to 7.6% – the highest level seen in several years – but remained below their average cost of equity. The increase in RoE was mainly driven by strong earnings related to rising interest rates, and was supported by a low cost of risk.


Supervisory decisions

The Supervisory Board of the ECB took 2,582 supervisory decisions in 2022. Most of these decisions were related to fit and proper assessments (44.9%), national powers (9.7%), the Supervisory Review and Evaluation Process (8.7%), internal models (8.5%), own funds (7.7%), and ad hoc reporting (4.7%).


Presentation to the European Parliament

Read the introductory statement Supervisory Board Chair Andrea Enria gave to the European Parliament Committee on Economic and Monetary Affairs when he presented the Annual Report.

Read the introductory statement

Full report

Look back at what we have done in the area of banking supervision over the last year.

Read the full report

Reporting obligations

The ECB submits the Annual Report on supervisory activities to the European Parliament, the Council of the European Union, the Eurogroup, the European Commission and the national parliaments of the euro area countries.

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The Chair of the Supervisory Board regularly appears before the European Parliament.

Hearings at the European Parliament

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