Frankfurt / Main (dpa) - Federal Finance Minister Olaf Scholz (SPD) can look forward to a particularly large check from Frankfurt. The Deutsche Bundesbank transferred EUR 5.85 billion to the federal government on Friday last year, as the central bank in Frankfurt announced.
Last year it was 2.4 billion euros. According to the information, it was the highest balance sheet profit since 2008. "Behind the sharp rise in net income is, in particular, lower loan loss provisions," said Bundesbank President Jens Weidmann on Friday when the 2019 balance sheet was presented.
The Ministry of Finance traditionally plans a federal bank profit of 2.5 billion euros in the federal budget - again for 2020. What goes beyond this usually flows into debt reduction. The Bundesbank has made profits every year since the introduction of the euro in 1999.
Bundesbank annual reports
Time series key interest rates of the ECB
ECB purchase program
2018 ECB financial statements
Bundesbank on capital shares in the ECB
Federal Ministry of Finance on the federal budget 2020
Ministry of Finance Budget Planning Germany 2020