ECCB 2022-2023 Annual Report and Financial Statements

Eastern Caribbean Central Bank Annual Report 2022 - 2023

Statement of Financial Position The ECCB’s asset base increased by $103.6 million (1.8 per cent) to $5,937.5 million as of 31 March 2023. The growth in total assets was driven by increases in Foreign Reserves and Domestic Assets. Foreign Assets grew by $31.6 million (0.6 per cent), primarily due to inflows of loans to Participating/ Member Governments from international institutions and the purchase of foreign and regional currency notes from commercial banks. The growth in Foreign Assets was mitigated by a depreciation in the market value of Foreign Investment Debt Securities and U.S. Agency Mortgage-Backed Securities and the net sale of foreign balances to commercial banks. Domestic Assets rose by $72.0 million (12.1 per cent), attributable to increases in Participating Governments’ Advances, Participating Governments’ Securities, Property and Equipment and Intangible Assets moderated by the reduction in Pension Asset. Participating Governments’ Advances and Participating Governments Securities increased by $61.2 million and $8.8 million, respectively, due to the extension of credit to Member Governments. Property and Equipment and Intangible Assets increased due to the acquisition of fixed assets and computer software. Pension Asset fell by $3.2 million, owing to reduced returns on investments in the Bank’s defined benefit pension plan.

Chart III - Total Assets ($ Millions)

Chart IV - Composition of Assets ($ Millions)

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