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)

23. Related party balances and transactions (continued) Participating governments (continued)

Interest expense on participating governments demand accounts during the year was $9,338,632 (2024: $4,464,527). These accounts carry interest rate of 1.40% to 2.90% (2024: 0.40% to 2.90%) during the year.

Eastern Caribbean Central Bank Pension Plan The Bank provides management, investment and administrative support to the Pension Plan. Services in the amount of $226,259 were fully recovered from the Pension Plan during the year (2024: $204,976). Disclosures related to the Bank’s post-employment benefit plans are included in Note 22. Key management personnel and compensation The key management personnel responsible for planning, directing and controlling the activities of the Bank are the members of the Executive, the Senior Management and the Board of Directors. The compensation of key management personnel is presented in the following table. Short-term employee benefits and post-employment benefits apply to Bank employees only. 2025 $ 2024 $ Salaries and other short-term employee benefits 6,959,966 4,586,203 Board of Directors’ fees 240,000 240,000 Post-employment benefits 267,335 171,942 7,467,301 4,998,145 The value of other transactions during the year and outstanding balances related to key management personnel as of 31 March 2025 was nil (2024: nil). Transactions and balances with associates 2025 $ 2024 $ Rental income 300,000 300,000 Dividends from associates 661,479 465,028

Demand and deposit liability accounts (note 17) Eastern Caribbean Home Mortgage Bank Eastern Caribbean Securities Exchange OECS Distribution and Transportation Company Limited

12,573,497 3,958,489

1,812,957 39,611,409

22,380

22,380

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