Europe's bank profited on bonds

The European Central Bank banked over half a billion euros in interest income from Greek government bonds last year

The European Central Bank said that its interest income earned from Greek bonds last year helped boost its 2012 net profit by more than a third.

The eurozone central bank for the first time provided a breakdown of the bonds held by eurozone central banks under the Securities Markets Program, or SMP-the bond-buying plan it launched in 2010 to reduce the borrowing costs of struggling eurozone governments-offering a window into how much the ECB has profited from its rescue efforts throughout the region's debt crisis.

WSJ Logo