Here you can find background information on the TARGET balances.

The Bundesbank posted a profit of €5.8 billion for the 2019 financial year. Following adjustment of the reserves, the Bank registered its highest distributable profit since 2008, at €5.9 billion. “Lower risk provisioning is the main reason for this strong rise in the profit for the year,” Bundesbank President Jens Weidmann explained.

The Bank for International Settlements believes that the current economic upswing offers an opportunity to strengthen economic resilience. According to its latest Annual Report, this is the key to reaping the benefits of globalisation.

The German Financial Stability Committee (G-FSC) has presented its eighth report on financial stability in Germany to the German Bundestag. Its report focuses on the impact of the coronavirus pandemic on the German financial system.

The statistical series have been published since April 2020 and replace the Statistical Supplements as well as the data-related Special Statistical Publications. They contain compilations of tables and charts depicting important specialist statistics.

The Bank for International Settlements (BIS) sees central banks as playing a key role in combatting the COVID-19 pandemic. “Central banks reacted swiftly and forcefully, preventing firms and households from being further burdened by a financial collapse by stabilising the financial system and supporting credit flows,” said Agustín Carstens, General Manager of the BIS, at the report’s presentation. 

The International Monetary Fund (IMF) approved an extremely large general allocation of special drawing rights (SDRs) to its member states. The new allocation triples the total stock of SDRs to a new level of roughly SDR 660 billion. Germany is set to receive around €30 billion worth of additional SDRs.