Bank of America : Subsidiary Information 2025 (BOFA E DAC 2025 YE Financials signed ADA)
BAC
Published on 04/20/2026 at 09:12 am EDT
BANK OF AMERICA EUROPE DESIGNATED ACTIVITY COMPANY
O.T. Bussmann (Independent non-executive director)
I. de Dinechin (Independent non-executive director)
P.M. Donofrio (Non-executive director)
S.A. James (Independent non-executive director)
A. Jancic (appointed 18 December 2025)
N.M. Jordan (Independent non-executive director)
J.H.R. Lee
R. McHugh (Independent non-executive director)
F. Vicario (resigned 18 December 2025)
Chartered Accountants and Statutory Audit Firm One Spencer Dock
North Wall Quay Dublin 1
Ireland
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The Directors present their Annual Report and the audited financial statements of Bank of America Europe Designated Activity Company ("BofA Europe", "the Company", "Bank of America Europe DAC") for the year ended 31 December 2025.
The Company is a registered bank in the Republic of Ireland which is authorised and regulated by the Central Bank of Ireland ("CBI") and supervised under the Single Supervisory Mechanism ("SSM") by the European Central Bank ("ECB"). The Company is a wholly owned subsidiary of Bank of America National Association ("BANA") and the ultimate parent of the Company is Bank of America Corporation (NYSE: BAC) ("BAC"). Hereafter, "affiliate" means BAC or any of its subsidiaries. BAC together with its consolidated subsidiaries, form the "BAC Group" (or "Enterprise").
The Company is a designated activity company and is incorporated and domiciled in the Republic of Ireland, with branches operating in the United Kingdom ("UK"), Belgium, France, Germany, Greece, Italy, Luxembourg, the Netherlands, Spain, Sweden and Switzerland, in addition to its Irish Head Office.
The directors are responsible for preparing the directors' report and the financial statements in accordance with Irish law.
Under that law the directors have prepared the financial statements in accordance with Irish Generally Accepted Accounting Practice (accounting standards issued by the UK Financial Reporting Council, including Financial Reporting Standard 101 Reduced Disclosure Framework and Irish law).
Under Irish law, the directors shall not approve the financial statements unless they are satisfied that they give a true and fair view of the Company's assets, liabilities and financial position as at the end of the financial year and the profit or loss of the Company for the financial year.
In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether the financial statements have been prepared in accordance with applicable accounting standards, subject to any material departures from those standards being disclosed and explained in the notes to the financial statements; and
prepare the financial statements on a going concern basis unless it is inappropriate to presume that the
Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to:
correctly record and explain the transactions of the Company;
enable, at any time, the assets, liabilities, financial position and profit or loss of the Company to be determined with reasonable accuracy; and
enable the directors to ensure that the financial statements comply with the Companies Act 2014 and enable
those financial statements to be audited.
The directors are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website.
Legislation in the Republic of Ireland governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
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The Directors are responsible for the preparation of the Sustainability Statement in accordance with Part 28 of the Companies Act 2014 and including the Sustainability Statement in a clearly identifiable dedicated section of the Directors' Report.
The Directors are also responsible for designing, implementing and maintaining such internal controls that they determine are relevant to enable the preparation of the Sustainability Statement in accordance with Part 28 of the Companies Act 2014 that is free from material misstatement, whether due to fraud or error.
In preparing the Sustainability Statement, the directors are required to:
prepare the statement in accordance with the European Sustainability Reporting Standards ("ESRS") including the selection and application of appropriate sustainability reporting methods;
disclose the double materiality assessment process performed to identify the information required to be
reported in the Sustainability Statement;
prepare the disclosures within the environmental section of the Sustainability Statement, in compliance with Article 8 of EU Regulation 2020/852 (the "Taxonomy Regulations");
ensure that the Company maintains adequate records for the preparation of the Sustainability Statement;
make judgements and estimates that are reasonable in the circumstances including the identification and description of any inherent limitations in the measurement or evaluation of information in the Sustainability Statement;
prepare forward-looking information, where applicable, on the basis of disclosed assumptions about events that
may occur in the future and possible future actions by the Company.
The Company ambition is to lead responsible growth to our clients. This value creation model to provide a range of financial services products to the Company's clients depends on inputs across strategic priorities. This includes key intangible resources such as brand reputation, employee expertise and technology innovation. These key intangible resources drive strong relationships with the Company's clients and other stakeholders. By leveraging these key intangible resources, the Company strives to empower people to lead responsible growth, while driving the business and competitive advantage.
The Directors have considered the appropriateness of the going concern basis in preparing the financial statements for 2025 on page 74, in Note 1 covering Corporate Information.
BofA Europe is a wholly owned subsidiary of Bank of America National Association ("BANA") within the Bank of America Corporation. It was established in 2018 as one of two lead lending entities in Europe, Middle East, and Africa region ("EMEA") for Global Banking and Global Markets lending activity, and in Europe, for certain Reg-K eligible, Fixed Income, Currencies and Commodities ("FICC") products, primarily corporate derivatives (subject to risk appetite, exposure limits and jurisdictional permissions).
Through its Global Banking business, BofA Europe offers mergers and acquisitions ("M&A") advisory, leasing financing solutions, treasury solutions, deposits and loan products. Its Global Markets business offer loans through mortgages origination and structuring, credit solutions through the special situations and distressed group, repo financing secured through bonds on a full recourse basis through the structured funding trading desk, rates and currencies sales and trading, and financially settled commodity derivatives.
The Company also provides support services to other companies in the BAC Group. Services provided include information technology ("IT") and operations support, administration and human resources ("HR") support and real estate services.
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Disclaimer
Bank of America Corporation published this content on April 20, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 20, 2026 at 13:11 UTC.