Norges Bank back in black; sovereign fund yields 9.6% return

abacus

Norges Bank booked a profit of Nkr12.6 billion ($2.3 billion) in 2010, the central bank said on Friday.

The profit, which follows a Nkr7.6 billion loss the previous year, was primarily due to lower exchange losses on foreign exchange reserves as a result of the appreciation of the Norwegian krone, the central bank said. The krone was broadly flat against the dollar over the course of last year but climbed by 6.3% against the euro.

Net international reserves are Norges Bank's predominant assets,

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: