In addition, the risks were regularly addressed at the annual press conferences.1 Additional risk provisioning was the main reason why the Bundesbank did not distribute any profit in 2020 and 2021. A total of just over € billion in general risk provisions have been set aside.
The Bundesbank is reporting a result of zero in its profit and loss account for the 2022 financial year. We are tapping € billion of our provisions for general risks. Last year, policy rates were still at all-time lows until July. The financial burdens resulting from the increase in interest rates have therefore been limited thus far.