Central Bank of Ireland annual report sees assets drop and profits rise

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The Irish economy managed a gradual recovery in 2012, restoring the government's access to financial markets and putting the country on track to exit its IMF programme in 2013, according to the Central Bank of Ireland's annual report for 2012.

Published today, the report shows the central bank's profits continued to grow in 2012, providing for remittances of €1.1 billion ($1.45 billion) to the Treasury. This was accompanied by a decline in the central bank's assets from €176 billion to €138

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