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The Banque de France is more profitable than the Bundesbank

2021-03-18T17:08:09.095Z


The first made a profit, to the great joy of the state, while the second earned nothing in 2020. Finally, good news for French public finances which will fill up with a few billion euros next week. This contribution of new money will come from the Banque de France, which presents its results for the 2020 financial year on March 23, which, according to our information, will again benefit. Remember that the issuing body, in France as in other countries, pays all of its profits to the State, its


Finally, good news for French public finances which will fill up with a few billion euros next week.

This contribution of new money will come from the Banque de France, which presents its results for the 2020 financial year on March 23, which, according to our information, will again benefit.

Remember that the issuing body, in France as in other countries, pays all of its profits to the State, its sole shareholder, whether in the form of corporation tax or dividend.

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The performance of the Banque de France will appear all the more remarkable given that the Bundesbank, its German counterpart, did not make any profit in 2020, which had never happened since 1979. Jens Weidmann, chairman of the Buba, l 'announced himself on March 3, specifying that the latter would not pay anything to the German Federal State, to which it had transferred 5.9 billion euros in 2019. The main reason for this setting in dry bread is

" the increase

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Source: lefigaro

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