4 Bundesbank’s profit and risk provisioning Ladies and gentlemen In closing I would now like to come to our annual accounts and thus also to the Bundesbank’s profit last year. The profit and loss account for the 2016 financial year closed with a profit of € billion. This was € billion less than in 2015.
In addition, part of the profit for the year is subject to a restriction on distribution, meaning that only the remaining distributable profit of € million will be transferred to the Federal Ministry of Finance today. That is the smallest transfer since 2004, when a distributable profit of € million was transferred for 2003.