ECB meaning in Banking ?

Answer:

What is European Central Bank mean?

The European Central Bank (ECB) is the prime component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important central banks.

The ECB Governing Council makes monetary policy for the Eurozone and the European Union, administers the foreign exchange reserves of EU member states, engages in foreign exchange operations, and defines the intermediate monetary objectives and key interest rate of the EU. The ECB Executive Board enforces the policies and decisions of the Governing Council, and may direct the national central banks when doing so. The ECB has the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the volume must be approved by the ECB beforehand. The bank also operates the TARGET2 payments system.

The ECB was established by the Treaty of Amsterdam in May 1999 with the purpose of guaranteeing and maintaining price stability. On 1 December 2009, the Treaty of Lisbon became effective and the bank gained the official status of an EU institution. When the ECB was created, it covered a Eurozone of eleven members. Since then, Greece joined in January 2001, Slovenia in January 2007, Cyprus and Malta in January 2008, Slovakia in January 2009, Estonia in January 2011, Latvia in January 2014 and Lithuania in January 2015. The current President of the ECB is Christine Lagarde. Headquartered in Frankfurt, Germany, the bank formerly occupied the Eurotower prior to the construction of its new seat.

The ECB is directly governed by European Union law. Its capital stock, worth €11 billion, is owned by all 27 central banks of the EU member states as shareholders. The initial capital allocation key was determined in 1998 on the basis of the states' population and GDP, but the capital key has been readjusted since. Shares in the ECB are not transferable and cannot be used as collateral.

reference

Full Form	Category
Electrical Control Board	Academic & Science
Environmental Chemistry and Biology	Academic & Science
Electronic Clearinghouse Bench	Academic & Science
European Corn Borer	Academic & Science
Education Centre Biotechnologie	Academic & Science
External Commercial Borrowing	Accounts and Finance
European Central Bank	Banking
England Clearinghouse Bank	Banking
Elastomeric Crack Bridging	Business
Emergency Capacity Building Project	Community
Educational Communications Board	Community
East Coast Boogiemen	Community
Electronic Codebook	Computer and Networking
Electronic Crime Bill	Computing
Electronic Crimes Branch	Computing
E-Commerce Berlin	Computing
Electronic Cross Bar	Electronics
Electricity Control Board	General
Emergency Capacity Building	General
Extra Care Bucks	General
Expert Customs Brokers	General
Edit Control Block	General
Erosion Control Blanket	General
East Coast Bullbars	General
Electronic Curcuit Breaker	General
Extra Cash Baby	General
Emitter Collector Base	General
Election Commission of Bhutan	General
Electronically Controlled Brake	General
El Cheapo Brinkmann	General
El Cheapo Brinkman	General
Executive Coach Builders	General
Enlarge Cab	General
Emergency City Brake	General
Electrically Controlled Brake	General
Euro Car Body	General
Eco Boost	General
Engine Control Bus	General
Engine Compression Brake	General
Electronic Control Box	General
Environmental Control Board	Governmental
Estonian Convention Bureau	Governmental
Earth Covered Building	Governmental
European Congress on Biotechnology	Medical
Essential Cell Biology	Medical
Echelons Corps and Below	Military and Defence
Engineering and Construction Batallion	Military and Defence
European Conservative Bank	Regional
European Central Bank's	Regional
Emacs Code Browser	Softwares
Event Control Block	Space Science
Events Control Buffer	Space Science
Engineering Change Board	Space Science
England and Wales Cricket Board	Sports
England Cricket Board	Sports