Buba 2000 profit at around DM 16bn - magazine

Germany's Bundesbank is expected to post a profit of around 16 billion marks ($7.42 billion) for 2000, Der Spiegel magazine said on Friday, Feb 23, 2001.

The magazine said in an advance copy of an article in its Monday edition that seven billion marks of the central bank's profit would be transfered to federal government coffers and the rest would be used to retire old debt. The Bundesbank declined to comment on the report. "We will released the data at our annual news conference in April 2001,"

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