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
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 print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Governance
Knot makes case for ‘international monetary diplomacy’
DNB governor says dream of a rules-based international order must be kept alive
Former Curaçao central bank execs told to repay misappropriated funds
CBCS’s ex-president ordered to pay back more than $1 million
Lebanese prosecutor asks Trump ally to investigate Salameh
Official writes to president’s Middle East adviser asking for inquiry into BdL’s ex-governor
Bangladesh Bank seals officials’ lockers
Move comes after investigators find allegedly undeclared assets in ex-deputy governor’s lockers
New governor takes over at Bank of Ghana
Johnson Pandit Asiama assumes office as predecessor takes terminal leave ahead of retirement
AI adoption does not require governance overhaul – BIS
Study says central banks can build upon existing risk management frameworks
Palestine Monetary Authority resumes banking services in Gaza
PMA also announces loan deferral programme, though analyst says few will be able to repay
Bangladesh Bank’s ex-governor warns of ‘politicisation’ of hacking
Rahman says bank was “victim, not accomplice” as anti-corruption body seeks to investigate 2016 theft