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ESM staff has prepared the final report on the comprehensive review of the ESM’s lending volume, capital adequacy, and financial assistance instruments. It was presented to the ESM Board of Governors during its Annual Meeting on 20 June 2024.

Kalin Anev Janse, ESM Chief Financial Officer

“IMPACTS OF EU ELECTIONS ON CAPITAL MARKETS & EUROPEAN PRIORITIES FOR THE NEXT 5 YEARS”

Video Speech at BNP Paribas

The result of the auction of 18 June 2024 for the 6-months Bills of the ESM was as follows:
Total Bids: € 2,474.00 mn
Competitive bids € 763.00 mn
Non-competitive bids € 1,711.00 mn
Allotment / Issue volume € 1,091.85 mn

The Board of Governors of the European Stability Mechanism (ESM) held its twelfth Annual Meeting today in Luxembourg. It approved the 2023 ESM Annual Report, including the ESM’s financial statements, and discussed the main developments and key activities of the ESM over the past year. 

The ESM recorded a net profit of €320.5 million last year, compared to a net loss of €60.2 million in 2022. This major improvement has mainly been driven by the positive result on the investment of the ESM’s paid-in capital.

Luxembourg – At its 12th Annual Meeting, the Board of Governors of the European Stability Mechanism (ESM) appointed Märt Loite and Helmut Berger to the ESM Board of Auditors, for a non-renewable three-year term, starting as of 8 October 2024. Mr Loite was appointed upon nomination by Estonia’s supreme audit institution and Mr Berger was appointed upon the proposal of the Chairperson of the Board of Governors – Paschal Donohoe.

Since the sovereign debt crisis of the 2010s, euro area resilience has been repeatedly tested by crises like the Covid-19 pandemic, and the Russian war in Ukraine and ensuing energy price shock. Each blow derailed any economic rebound underway during the recovery phase. Future disruptions could also emerge from geopolitical tensions, cyberthreats, ageing populations, or climate change.