At the end of December 2020, Germany’s net external assets stood at €2,077 billion, thus amounting to almost 62% of nominal gross domestic product (GDP). Both German claims and liabilities vis-à-vis non-residents continued to rise considerably in 2020.

The performance of German credit institutions was encumbered last year by the effects of the coronavirus pandemic. Virtually all of the categories of banks recorded either stagnating or receding results for the financial year before tax compared with 2019, the Bundesbank writes in its current Monthly Report. It notes that the surge in risk provisioning in credit business in particular and the ensuing deterioration in results from the valuation of assets were responsible for this.

Der Betrieb der neuen Filiale der Deutschen Bundesbank in Dortmund nimmt weiter an Fahrt auf. Sie übernimmt künftig die Bargeldversorgung in der gesamten Rhein-Ruhr-Region.