ECCB 2014-2015 Annual Report and Statement of Accounts

EASTERN CARIBBEAN CENTRAL BANK

„ „ The ECCB, in collaboration with the ECCU commercial banks and the Eastern Caribbean Automated Clearing House Services Incorporated (ECACHSI), completed Phase I of the implementation of the Eastern Caribbean Automated Clearing House (ECACH) in the ECCU member countries on 18 March 2015. „ „ At its 81 st Meeting, held on 24 February 2015, the Monetary Council agreed to reduce the minimum savings deposit rate from 3.0 per cent to 2.0 per cent. „ „ The Bank launched its first fully integrated and automated statistical solution on 15 December 2014. The system supports web-based technology and encompasses the collection, processing, storage and dissemination of statistical data. „ „ The Bank’s ‘OneTouch” vision became a reality on 20 October 2014 with the implementation of Stage II of its Systems Applications and Products for Data Processing (SAP) Enterprise Resource Planning (ERP) Solution. Banking functionalities were migrated from older systems to the integrated SAP technology.

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ECCB ANNUAL REPORT 2014/2015