The Deutsche Bundesbank in figures Annual Report 2025

Annual Report

Non-final working translation 

The Deutsche Bundesbank: key figures 

 

2024

2025

Staff1

 

Core staff (full-time equivalents)

10,207

10,333

Contraction since 31 December 20012

4,593 (= 31.0 %)

4,467 (= 30.2 %)

Locations / core staff (full-time equivalents)1

 

Central Office

1 / 5,791

1 / 6,199

Regional offices

9 / 2,415

9 / 2,128

Branches

31 / 2,001

31 / 2,006

Annual accounts1

 

Distributable profit

−⁠ €19,153 million

−⁠ €27,787 million

Loss for the year

−⁠ €19,814 million

−⁠ €8,633 million

Net interest income

−⁠ €13,059 million

−⁠ €4,167 million

Total assets

€2,372,647 million

€2,348,978 million

Foreign reserve assets (total)

€363.7 billion

€481.8 billion

Foreign currency

€34.0 billion

€31.9 billion

Receivables from the IMF

€59.2 billion

€54.7 billion

Gold

(3,352 t) €270.6 billion

(3,350 t) €395.2 billion

Allocation across the various storage locations:

 

Frankfurt

(1,710 t) €138.1 billion

(1,710 t) €201.7 billion

New York

(1,236 t) €99.8 billion

(1,236 t) €145.8 billion

London

 (405 t) €32.7 billion

(404 t) €47.7 billion

ECB capital key1

 

Share of subscribed capital

21.7749 %

21.7749 %

Share of paid-up capital

26.6301 %

26.6301 %

Amount of the participating interest in the ECB

€2.36 billion

€2.36 billion

Foreign reserve assets transferred to the ECB

€10.80 billion

€10.80 billion

Monetary policy operations

 

Open market operations in the euro area

 

Main refinancing operations

€17.0 billion

€25.0 billion

Longer-term refinancing operations3

€17.2 billion

€11.7 billion

of which counterparties of the Bundesbank

€3.5 billion

€3.2 billion

Banks participating in refinancing operations (total)

88

111 

of which via the Bundesbank

27

48 

Standing facilities

 

Marginal lending facility in the euro area

€0.048 billion

€0.0 billion

Deposit facility in the euro area

€2,799.01 billion

€2,399.85 billion

Asset purchase programmes (Bundesbank’s share)1

 

CBPP3 portfolio

€64.9 billion

€55.2 billion

PSPP portfolio

€447.3 billion

€392.6 billion

CSPP portfolio

€63.7 billion

€53.8 billion

PEPP public sector portfolio 

€325.1 billion

€278.7 billion

PEPP corporate sector portfolio

€8.7 billion

€8.0 billion

PEPP covered bonds portfolio

€1.3 billion

€1.1 billion

Cash payments

 

Volume of euro banknotes in circulation (Eurosystem)1

€1,588.3 billion

€1,619.5 billion

Volume of coins in circulation (Eurosystem)1

€34.5 billion

€35.4 billion

Returned DEM banknotes and coins

DEM 53.1 million

DEM 53.1 million

Unreturned DEM banknotes and coins

DEM 12.18 billion

DEM 12.13 billion

Incidence of counterfeit money in Germany

 

Euro banknotes (number)

72,413 

69,909 

Euro coins (number)

141,332 

128,132 

Cashless payments

 

Payments via the Bundesbank (number of transactions)

8,487.7 million

8,531.5 million

of which via RPS

8,294.8 million

8,213.5 million

of which via TARGET-Bundesbank

190.3 million

315.4 million

payment transactions in T24

53.4 million

53.1 million

payment transactions in TIPS

62.5 million

175.2 million

settlement of securities transactions in T2S

74.4 million

87.0 million

Payments via the Bundesbank (value)

€308.9 trillion

€293.3 trillion

of which via RPS

€4.8 trillion

€5.0 trillion

of which via TARGET-Bundesbank

€263.5 trillion

€286.2 trillion

payment transactions in T24

€184.7 trillion

€196.0 trillion

payment transactions in TIPS

€56.3 billion

€183.7 billion

settlement of securities transactions in T2S

€78.7 trillion

€90.0 trillion

Banking supervision

 

Number of institutions supervised

2,723

2,602

Number of institutions supervised (post-2025 count)5

-

2,731

On-site inspections

150

159

Cooperation with foreign central banks

 

Training and advisory events

270

271

Number of participants (total)

2,573

2,610

Number of participating countries (total)

104

110

Selected publications

 

Annual Report

1

1

Financial Stability Review

1

1

Monthly Report

12

12

Statistical Series

104

104

Research Centre discussion papers

46

36

Technical papers

12

5

Publications in academic journals

51

50

External communication / public relations

 

Visitors to the Money Museum

47,125

49,694

Economic education events / number of participants

1,771 / 49,243

1,711 / 48,909

Written answers to queries

19,691

14,607

Press releases

495

574

Training sessions on counterfeit prevention / number of participants

2,000 / 39,900

1,862 / 37,472

1 As at 31 December. 2 Core staff (full-time equivalents) as at 31 December 2001 (year before the structural reform began): 14,800. 3 Including targeted longer-term refinancing operations (TLTROs), excluding US dollar tenders. 4 The statistical methodology used for T2 statistics was changed in 2025 with retroactive effect from March 2023 (operational launch). Settled values are primarily affected. As a result, the figures shown here for the reference year of 2024 deviate from those listed in the 2024 Annual Report. 5 Since 2025, the number of supervised institutions has also included credit service institutions, under Section 1 of the Act on the Secondary Market for Non-Performing Loans and Credit Services Institutions (Kreditzweitmarktgesetz), crypto-asset service providers, under Article 60 of the Markets in Crypto Assets Regulation (MiCAR), investment holding companies, under Section 61 of the Investment Institutions Act (Wertpapierinstitutsgesetz), and financial holding companies, under Section 2f of the Banking Act (Kreditwesengesetz).

Branches of the Deutsche Bundesbank

on 31 December 2025

Locality number

Bank location

720

Augsburg

100

Berlin

480

Bielefeld

870

Chemnitz

370

Cologne

470

Dortmund

820

Erfurt

500

Frankfurt am Main

680

Freiburg

260

Göttingen

200

Hamburg

250

Hanover

660

Karlsruhe

570

Koblenz

860

Leipzig

545

Ludwigshafen

810

Magdeburg

550

Mainz

700

Munich

150

Neubrandenburg

760

Nuremberg

280

Oldenburg

265

Osnabrück

750

Regensburg

640

Reutlingen

130

Rostock

590

Saarbrücken

600

Stuttgart

630

Ulm

694

Villingen-Schwenningen

790

Würzburg

Staff of the Deutsche Bundesbank 

on 31 December 2025

Item

Staff numbers

Change compared with AR 2024

Total

Regional offices

Branches

Central Office

Total

Regional offices

Branches

Central Office

Civil servants

6,376

1,404

742

4,230

121

−⁠ 145

−⁠ 27

293

Salaried staff

5,375

972

1,444

2,959

−⁠ 22

−⁠ 173

18

133

Total (salaried staff and civil servants)

11,751

2,376

2,186

7,189

99

−⁠ 318

−⁠ 9

426

of which:
In training

605

62

11

532

−⁠ 21

−⁠ 7

−⁠ 11

−⁠ 3

Remainder:
Core staff

11,146

2,314

2,175

6,657

120

−⁠ 311

2

429

Memo item: 
Core staff pro rata
(full-time equivalents)

10,333.4

2,128.5

2,006.0

6,198.9

126.0

−⁠ 287.0

5.0

408.0

Not included:
– Members of staff on secondment: 94 (end-2024: 97)
– Members of staff on unpaid leave: 230 (end-2024: 256)
– Members of staff in the second phase of the partial retirement scheme: 88 (end-2024: 146)
Memo item:
– Part-time staff members in core headcount: 3,158 (end-2024: 3,094)
– Staff members with temporary contracts in core headcount: 232 (end-2024: 155)

Offices held by members of the Executive Board of the Deutsche Bundesbank

Pursuant to the Code of Conduct for members of the Executive Board of the Deutsche Bundesbank, the Annual Report shall disclose details of offices held by Board members on supervisory boards or similar inspection bodies of commercial enterprises. 1

Michael Theurer was a co-partner in TWF Metallbearbeitungs Holding UG until 26 February 2025. 2

 

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