The Bundesbank ended 2024 with its first loss in 45 years

In 2024, as before in 2023, the Bundesbank's monetary policy continued to have an impact on the institution's financial statements. The results of the year resulted in a significant loss, which reached 19.2 billion euros. 

This is the first such case since 1979. Despite this, the regulator's management is confident that the greatest financial losses have already been left behind. Bundesbank President Joachim Nagel noted at a press conference that «peak annual loads have probably already been overcome.»

The total assets of the Bundesbank in 2024 decreased by 149 billion euros, which is a decrease of 5.9%, falling to the level of 2,373 billion euros. However, as Mr. Nagel stated, the financial stability of the organization remains high due to significant revaluation reserves, especially in relation to gold. The total value of these reserves at the end of 2024 was 267 billion euros and many times exceeded both the losses already incurred and the expected losses.

The regulator emphasizes that the existing losses will be distributed over the following years. They are planned to be covered by future income, which will compensate for current financial losses.