Ireland's central bank profit hits E828.6m in 2002

The central bank of Ireland published its annual report on Monday showing it made a profit of E828.6m in the year to end-December 2002.

Source: BizWorld

Ireland's Central Bank made a profit of E828.6m in the year to end-December 2002, an increase of E265.5m on the previous year, according to its annual report, published today.

However, included in the profit were exceptional gains of E239.7m arising from the write-off of unredeemed Irish pound banknotes. After transfers to reserves, the Bank's