Eastern Caribbean Central Bank 2024-2025 Annual Report

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2024 - 2025

Financial Results

Total liabilities rose by $188.7 million (3.5 per cent) to $5,656.3 million year-over-year, mainly due to a growth of $127.8 million in currency in circulation, $53.3 million in participating governments’ fixed deposits and $37.0 million in participating governments’ fiscal tranche I call accounts. The increase in total liabilities was partially offset by reductions of $35.7 million and $20.2 million in Eastern Caribbean Securities Registry account and bankers’ reserves, respectively. Total equity grewby $166.8million (52.7 per cent) to $483.0 million, up from $316.2 million the previous year. The growth in equity was driven primarily by to an increase of $68.3 million in general reserve following the allocation from profit for the year, and a rise of $59.1 million in investment revaluation reserve due to fair value gains on foreign investment securities over the year. Also contributing to the rise in equity was an increase of $45.4 million in property revaluation reserve, following the valuation of the Bank’s land and buildings as 31 March 2025. The aforementioned increases were partly offset by a decline of $8.4 million in pension reserve, due to remeasurement losses on the Bank’s defined benefit pension plan. Statement of Profit or Loss The Bank delivered a strong financial performance, recording a profit of $126.2 million for the year ended 31 March 2025, representing an increase of $46.1 million (57.5 per cent) over the profit of $80.2 million in the prior year. This improvement was largely attributed to higher interest earned on the Bank’s foreign reserve assets.

Chart IV - Composition of Assets ($ Millions)

Chart V - Operating Results ($ Millions)

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