The Deutsche Bundesbank will not distribute profit to the German federal government for the first time since 1979, it said on March 3.

The Bundesbank this was mainly due to the increase in risk provisioning, needed due to greater risk exposure on its monetary policy portfolio.

“This greater level of risk provisioning is the main reason why the Bundesbank is posting a balanced annual result for 2020 and not distributing a profit for the first time since 1979,” said Bundesbank president Jens