Bundesbank

Organisation

In additon to its central office in Frankfurt am Main, the Bundesbank is represented by its head offices in nine cities. They have in turn 35 branches.

Campus

Zentrale der Deutschen Bundesbank ©Nils Thies

How will the Deutsche Bundesbank’s campus on Wilhelm-Epstein-Strasse look in the years to come?

Bundesbank taps its risk provisions for 2022

© Frank Rumpenhorst

The monetary policy turnaround shaped the Bundesbank’s balance sheet last year. The profit and loss account for 2022 reported a distributable profit of zero. This result was achieved by tapping €1 billion worth of risk provisions. As in the previous years, no profit was transferred to the Federal budget. “The Bundesbank sustained exceptional financial burdens in 2022,” Bundesbank President Joachim Nagel said at the joint press conference with Executive Board member Joachim Wuermeling.

Bundesbank taps its risk provisions for 2022
State government finances in good shape in 2021 and 2022

© Tom Grill / Getty Images

“The budgets of the state governments and their local governments shaped up very well in the second year of the coronavirus pandemic,” the Bundesbank writes in its Monthly Report. According to the publication, they recorded an overall surplus of €5 billion in 2021. Despite the favourable state of their finances, state governments made use of emergency borrowing totalling €18 billion under their respective debt brakes. Based on the Bundesbank’s calculations, a large part of these funds was used to top up reserves. It appears that budgetary developments will be favourable this year, too. The Bundesbank sees no need for further emergency borrowing. The positive financial situation will allow state governments to play a part in tackling the energy crisis.

State government finances in good shape in 2021 and 2022
Monthly Report: First double-digit German inflation rate in 70 years – economy probably on brink of recession

© Adobe Stock / thebigland45

According to the Bundesbank's latest Monthly Report, the first double-digit inflation rate in 70 years and a high degree of uncertainty about energy supply and its costs are weighing significantly on the German economy. In the forthcoming final quarter of 2022 and first quarter of 2023, economic output could therefore fall considerably and Germany be on the brink of a recession. However, the extent of this decline is extremely uncertain, according to the report.

Monthly Report: First double-digit German inflation rate in 70 years – economy probably on brink of recession

Money Museum

Geldmuseum der Deutschen Bundesbank ©malsyteufel

The Money Museum offers a wide range of tours, lectures, children's holiday programs, and many other events for all ages.