ECCB 2021-2022 Annual Report and Statement of Accounts

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2021/2022 34

Financial Results The Bank recorded a net loss of $49.1 million for the year ended 31 March 2022, compared to a net profit of $25.2 million in the previous financial year. The net loss for the year was largely driven by losses on foreign investment securities combined with a decline in interest income earned on foreign reserve assets, as interest rates globally remained at historically low levels over the year.

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2021/2022 34