Bundesbank turns €664 million profit in 2012


The Deutsche Bundesbank profits increased to €664 million ($867million) in 2012, despite the central bank increasing the amount of cash it holds to guard against risks arising from its balance sheet.

While the Bundesbank's profit jumped up by €21 million from 2011, predominantly because of higher interest income, it was constrained by the central bank increasing its "provisions for general risks" by €6.7 billion - to a total of €14.4 billion.

Jens Weidmann, the Bundesbank's president, explained

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