Buba posts €2.2 billion profit

The Bundesbank has posted a profit of €2.2 billion ($3.1 billion) in 2010 compared with €4.1 billion in 2009.

The fall in the profit, paid in full to the federal government on Tuesday, was the result of increased risk provisioning, which accounted for €1.6 billion of the dip, said Axel Weber, the departing chairman of the central bank.

"It was necessary to increase risk provisions, particularly with regard to the marked rise in holdings of risk-bearing assets in the wake of the financial crisis,

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