Last year, the Bundesbank’s annual accounts were shaped by the increase in the key interest rates. For the 2023 financial year, the Bundesbank reports a balanced financial result because it was able to use its financial buffers to cushion burdens in the double-digit billions. To this end, the Bundesbank released its risk provisions in full and reduced its reserves. We expect the burdens to be considerable again for the current year. They are likely to exceed the remaining reserves, said Bundesbank President Joachim Nagel at the press conference presenting the Bundesbank’s annual accounts

For the first time in months, a public event was held at the Bundesbank’s University of Applied Sciences in Hachenburg, in compliance with coronavirus rules. Marek Mora, Deputy Governor of the Czech central bank, discussed how his country and his institution view a possible adoption of the euro.

Once a year, the Deutsche Bundesbank’s University of Applied Sciences organises an “International Week”, which is geared in particular to students at the institution’s partner universities. This week is dedicated to lectures on central bank topics.

Guest speaker Alex Bierhaus, CTO and Managing Director of COMPEON, a full-service provider platform for small and medium-sized enterprises.

Ms. Katharine Christopherson and Mr. Wolfgang Bergthaler held a guest lecture at the Deutsche Bundesbank University of Applied Sciences on the International Monetary Fund’s (IMF) Financing Role in Preventing and Resolving Sovereign Debt Crises.

The turn of the year saw Executive Board member Sabine Mauderer take office as Chair of the Network for Greening the Financial System (NGFS), a global group of central banks and supervisory authorities committed to forging a more sustainable financial system.

The Bundesbank’s University of Applied Sciences participated for the first time in a conference on German-Polish economic relations in Warsaw.