The St Kitts-Nevis based Eastern Caribbean Central Bank (ECCB) has recorded its highest ever profit in its history after registering a net profit of EC$126.2 million for the year ending March 31st, 2025.
According to the Report and Statement of Accounts, the ECCB, which is the monetary authority for the Eastern Caribbean Economic and Currency Union (ECCU), said the increase in profit was due to the financial institution continuing to pursue prudent financial management.
The ECCU is comprised of eight member countries, namely St. Kitts and Nevis, Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St Lucia, and St Vincent and the Grenadines. Six of these are independent nations, while Anguilla and Montserrat are British Overseas Territories.
All the countries share a common EC dollar and a common monetary policy. “The Bank delivered a strong financial performance, recording a profit of EC$126.2 million for the year ended 31st March 2025, representing an increase of EC$46.1 million (57.5%) over the profit of EC$80.2 million in the prior year. This improvement was largely attributed to higher interest earned on the Bank’s foreign reserve assets,” said the report, signed by the bank’s Governor, Grenadian Timothy Antoine.
