ECCB
ANNUAL REPORT 2014/2015
26
EASTERN CARIBBEAN CENTRAL BANK
OECS/ECCB Under-23 Netball Tournament
In 2014 the ECCB collaborated with the OECS
Commission and the Saint Lucia Netball Association
to host the 24
th
OECS/ECCB Under 23 Netball
Tournament in Saint Lucia from 27 June to 3 July.
The ECCB has been the official sponsor of the
tournament since 1991, exhibiting its commitment to
the physical and social development of the region’s
young women and its strong belief in regional
integration.
Team Saint Lucia captured the winning trophy,
snatching it from team St Vincent and the Grenadines
which had won 14 times since the tournament was
launched in 1991. The other teams which competed
for the championship trophy were: Antigua and
Barbuda, The Commonwealth of Dominica, Grenada,
Montserrat and St Kitts and Nevis.
Team Saint Lucia, 2015 OECS/ECCB Under 23 Netball Champs
pose with the Honourable Shawn Edward, Minister for Youth
Development and Sports
THE BANK’S FINANCES
F
inancial
O
bjectives
Consolidated Statement of Financial
Position
As at 31 March 2015 the Bank’s Total Assets stood at
$4,346.3 million, an increase of $448.9 million (11.52
per cent) when compared to the position last year.
Foreign Assets increased by $441.3 million (12.58
per cent) due to inflows of grants and loans to member
governments from international institutions and the
purchase of foreign and regional currency notes from
commercial banks. The reinvestment of income on
foreign assets and gains on the sale of foreign securities
held within the ECCB’s foreign reserve portfolio also
contributed to the increase. Chart V shows the trend
in the Bank’s total assets from 2010 to 2015.
Chart V
