Eastern Caribbean Central Bank 2024-2025 Annual Report

Eastern Caribbean Central Bank Notes to the Financial Statements For the year ended 31 March 2025 (Expressed in Eastern Caribbean dollars)

17. Demand and deposit liabilities – domestic (continued)

During the year, interest was accrued and paid on the following accounts at rates ranging from 1.40% to 2.90% (2024: 0.40% to 2.90%) per annum: participating governments fiscal tranche I, operating and fixed deposits accounts, participating governments’ and statutory bodies’ fixed deposits accounts, bankers’ call accounts and ECHMB’s operating account. Participating governments’ fiscal reserve tranche II The Monetary Council has approved the establishment of a fiscal reserve fund. In accordance with the Bank’s profit distribution policy, forty per cent (40%) of the annual share of distributable profits to member governments’ is transferred to the participating governments’ fiscal tranche II call account. An amount of $21,899,649 was allocated from profit to the fund for the current financial year (2024: nil). 2025 $ 2024 $ Balance at beginning of year 55,995,679 55,995,679 Hurricane Beryl grant (2,000,000) - Allocation: Food and Nutrition Security Programme (25,000,000) - Allocation from net profit 21,899,649 - Balance at end of year 50,895,328 55,995,679 Participating governments’ fiscal tranche I call accounts In accordance with the Bank’s profit distribution policy, sixty per cent (60%) of the annual share of distributable profits to member governments is transferred to the participating governments’ fiscal tranche I call accounts. An amount of $32,849,473 from profit was allocated to the fund for the current financial year (2024: nil). 2025 $ 2024 $ Balance at beginning of year 6,345,154 6,355,938 Transfers 4,000,000 800,000 Interest on account 173,529 89,216 Withdrawals - (900,000) Allocation from net profit 32,849,473 - Balance at end of year 43,368,156 6,345,154

Participating governments’ fiscal tranche I call accounts earn interest at the prevailing call rate offered by the Bank and are readily accessible by the respective governments.

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