Bundesbank turns €664 million profit in 2012

bundesbank

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

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: