The Jap Caribbean Central Financial institution (ECCB) has recorded its highest revenue since its institution, posting a web revenue of EC$126.2 million for the monetary yr ending March 31, 2025 — a 57.5% improve over the earlier yr.
In its newest Report and Assertion of Accounts, the ECCB credited the landmark efficiency to prudent monetary administration and powerful returns on international reserves.
“The Financial institution delivered a powerful monetary efficiency… largely attributed to increased curiosity earned on the Financial institution’s international reserve property,” wrote Governor Timothy Antoine within the report. The revenue represents a rise of EC$46.1 million from the EC$80.2 million recorded within the 2023-2024 monetary yr.
The ECCB serves because the financial authority for the Jap Caribbean Financial and Forex Union (ECCU), comprising Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St Kitts and Nevis, St Lucia, and St Vincent and the Grenadines. All eight share a typical EC greenback and financial coverage, with Anguilla and Montserrat being British Abroad Territories.
As of March 31, 2025, the ECCB’s complete property reached EC$6.14 billion, reflecting a rise of EC$355.5 million (6.1%) over the earlier yr. This was pushed by development in each international property, which rose by EC$263.3 million (5%), and home property, which elevated by EC$92.2 million (16.4%).
The report attributed the international asset good points to inflows from worldwide loans to member governments, forex purchases from business banks, and honest worth good points on international funding securities. Home asset development was led by will increase in property, tools, and advances to collaborating governments — regardless of declines in pension and intangible property.
Working bills held regular at EC$97.7 million, with a slight lower of EC$0.1 million from the earlier yr. Notable shifts included a EC$10.7 million acquire from impairment recoveries, which offset will increase in staff-related prices (up EC$5.8 million) and administrative bills (up EC$3.5 million).
The ECCB says the monetary outcomes mirror not solely disciplined expenditure but in addition the profitable execution of its strategic initiatives and long-term targets.
“These outcomes mirror the Financial institution’s execution of key strategic initiatives and sustained progress in advancing its mandate and long-term priorities,” the report concluded.
