Report says strong euro dented Bundesbank profits

The Bundesbank saw its annual profit fall to less than one billion euros (1.2 billion dollars) last year as a result of the strong euro and that could pose a problem for the German government's finances, according to a report in a German business daily.

The Bundesbank transfers most of its annual profits to the government and Berlin had been expecting around 3.5 billion euros for last year.

So with less than one billion in profits from the Bundesbank, the government will have a cash shortfall

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: