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RBF reports profit of $31.9m

July 9, 2014 4:54 am

The Reserve Bank had a profit of thirty one point nine million dollars in its 2013 financial year thanks to higher income and lower expenditure.

It annual report 2013 says the RBF transferred thirty nine point nine million dollars to the government on April 1st.

This includes the entire profit and one-fifth of the balance of revaluation reserves account, which amounted to eight million dollars.

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The Annual Report also summarises the important steps undertaken by the Bank last year to improve governance, transparency and risk management.

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