ECCB 2023-2024 Annual Report

Eastern Caribbean Central Bank Notes to the Financial Statements For the year ended 31 March 2024 (Expressed in Eastern Caribbean dollars)

26. Net interest income (continued)

2024 $

2023 $

Interest expense Demand liabilities: domestic

4,464,527 171,764 4,636,291

1,457,982 152,314 1,610,296

Lease liabilities

Net interest income

155,193,082

88,443,442

27. Net losses on foreign investment securities at fair value through profit or loss (FVTPL)

2024 $

2023 $

- - -

17,081,000 (61,196,415) (44,115,415)

Unrealised gains on investment securities at FVTPL Realised losses on investment securities at FVTPL

28. Other income

2024 $

2023 $

3,358,667 322,800 204,975 138,150 18,857

Income from banking licence fees and penalties

3,538,334 322,800 594,966 127,673

Rental income

Pension fund administrative and management fees Gain on lease modification Gain on futures contracts Loss on foreign exchange Gain on disposal of property and equipment Other income

-

2,420

8,631 970,530 (996,161)

-

(939,062)

Total other income

3,106,807

4,566,773

Rental income results from rental of office space to affiliate institutions, namely, ECHMB, ECSE and ECPCGC, which are covered by leasehold rental contracts.

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