As in 2023, the monetary policy measures of the past few years shaped the Bundesbank’s annual accounts in the 2024 financial year. It recorded an accumulated loss of €19.2 billion for the reporting year, Bundesbank President Joachim Nagel and First Deputy Governor Sabine Mauderer said at the press conference presenting the Bank’s annual accounts. The Bundesbank has a sound balance sheet, Mr Nagel stressed, explaining that the value of its revaluation reserves was many times greater than the current and prospective accumulated losses.

As in 2023, the monetary policy measures of the past few years shaped the Bundesbank’s annual accounts in the 2024 financial year. For the reporting year, it has recorded an accumulated loss of €19.2 billion.

Die Finanzsanktionen gegen bestimmte Personen, Organisationen und Einrichtungen angesichts der Lage in der Ukraine dienen der Durchführung von Maßnahmen der Europäischen Union.

The Bundesbank has two stand-alone representative offices – one in New York and the other in Tokyo and many Bundesbank representatives, who are posted at German embassies or consulates general all over the world.

At the end of 2024, Germany’s net external assets totalled €3,452 billion, thus amounting to around 80 % of the country’s nominal gross domestic product (GDP). Overall, both assets and liabilities vis-à-vis non-residents rose further in 2024. 

With the theme “Backstage Bundesbank”, the Bundesbank invited the public to its Frankfurt am Main premises for an Open Day last weekend. More than 11,000 visitors came to gain an insight into the tasks of Germany’s central bank.