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)

26. Net interest income (continued)

2025 $

2024 $

Interest expense Demand liabilities: domestic and foreign

9,338,632 189,127 9,527,759

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

Lease liabilities

Net interest income

201,824,266

155,193,082

27. Other income

2025 $

2024 $

3,349,945 517,266 322,800 226,259 50,981 10,068

Income from banking licence fees and penalties

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

Other income Rental income

Pension fund administrative and management fees Gain on disposal of property and equipment

2,420 18,857

Gain on lease modification Income from reserve management Loss on foreign exchange

3,563

-

(928,301)

(939,062)

Total other income

3,552,581

3,106,807

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

28. Salaries, pensions and other staff benefits

2025 $

2024 $

43,227,664 1,912,000 1,393,731 1,293,043

36,896,360 3,536,000 400,436 1,224,472

Salaries, wages and other benefits

Pension (note 22) Vacation leave Social security

7,135

24,843

Prepaid employee benefit

Total salaries, pensions and other staff benefits

47,833,573

42,082,111

116