BANKING AFFAIRS

Detailed explanation-1: -The Deutsche Bundesbank is the independent central bank of the Federal Republic of Germany. It has formed part of the Eurosystem since 1999, sharing responsibility with the other national central banks and the European Central Bank for the single currency, the euro.

Detailed explanation-2: -The Bundesbank was established in 1957 and succeeded the Bank deutscher Länder, which introduced the Deutsche Mark on 20 June 1948. Until the euro was physically introduced in 2002, the Bundesbank was the central bank of the former Deutsche Mark ("German Mark", sometimes known in English as the “Deutschmark").

Detailed explanation-3: -Please note that visits to the Deutsche Bundesbank’s Central Office are only possible by invitation and following advance registration. During the renovation of the campus on Wilhelm-Epstein Strasse, Central Office will be located at Mainzer Landstrasse 46, 60325 Frankfurt am Main.

Detailed explanation-4: -MARKDEF1250 BIC / SWIFT Code-DEUTSCHE BUNDESBANK Germany-Wise.

Detailed explanation-5: -The Bundesbank, or Deutsche Bundesbank, is the central bank of Germany and is the equivalent of the U.S. Federal Reserve.