Bundesbank reports first loss in over 40 years

Decision not to pay a dividend comes after ECB reported losses last week

Deutsche Bundesbank headquarters, Frankfurt
Fabian Stürtz

Germany’s central bank has reported losses for the first time since 1979 as rising interest rates put pressure on net interest income and it suffered losses on reserves.

The Deutsche Bundesbank lost €172 million ($184 million) – after the European Central Bank itself reported a €1.6 billion loss last week – and is not expected to distribute profits to the government for a third year running.

The Bundesbank is facing a squeeze due to the €1.07 trillion mountain of debt it bought as part of the

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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