ECCB 2016/2017 Annual Report

ECCB ANNUAL REPORT 2016/2017

CONTENTS

i ii ii iii iv v vi ix x

Letter of Transmittal Mission Statement Vision Statement ECCB Building Named in Honour of Late Governor Monetary Council Board of Directors Corporate Information Organisational Chart Highlights of the Year

Governor’s Foreword Review of Performance Monetary Stability Financial Sector Stability Fiscal and Debt Sustainability Growth, Competitiveness and Employment Organisational Effectiveness

1 5

44 49

Financial Performance Corporate Governance Framework Areas of Focus: 2017-2018 Auditors’ Report and Financial Statements List of Commercial Banks Maintaining Clearing Accounts with the ECCB

11 16 23 26

56 64

158

30