Two-thirds of central banks report profit in last fiscal year
Few institutions seek recapitalisation and technological advancement for operational goals
The majority of the central banks participating in the Governance Benchmarks 2024 posted a profit in the past fiscal year.
Twenty-seven (65.9%) of 41 central banks says they reported a profit. However, 14 (34.1%) respondents say they did not.
In a separate question, over nine-tenths (91.1%) of 45 central banks say that they have the resources they need to carry out their operations. Among those that do not report sufficient resourcing, some say their institutions need recapitalisation or support
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More on Governance
Governance Benchmarks 2024 – model banks analysis
Additional breakdowns of the data reveal details of central bank powers, staffing and more
Governance Benchmarks 2024 report – central banks’ core processes
The benchmarks shed light on central bank profitability and distributions, independence and more
Central banks reveal top staffing constraints
Career progression limits, skills gaps and red tape identified as challenges
Most high income central banks lack formal recapitalisation agreements
Seven respondents report launching recapitalisation in past year
Central banks’ profit distribution widely agreed with governments
Few institutions have arrangements with other parties or private shareholders
Board non-execs more likely to be appointed by governments
Middle income central banks tend to have more government officials on board
Central bank independence usually safeguarded by law
But one in 10 respondents see their autonomy threatened
Most central banks have policy independence
But some respondents provide details of pressure they have faced to change policy
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