BRH audited financial statements, fiscal year ended 30 September 2018
- Total assets were 274,844,403 thousand gourdes at September 30, 2018, compared with 224,934,325 thousand a year earlier.
- Loans and advances to the government and local authorities rose from 67.0 billion to 93.0 billion gourdes.
- Notes and coins in circulation increased from 43.4 billion to 52.3 billion gourdes.
- Capital and reserves fell from 5.7 billion to 2.9 billion gourdes.
- Net income for the year was 170.3 million gourdes, up from 126.3 million in 2017.
- Interest paid on BRH bills rose from 1.23 billion to 1.66 billion gourdes.
The 45-page report by KPMG S.A. presents the central bank's balance sheet, income statement, statement of changes in equity and cash flows for fiscal 2018, with 2017 comparatives in thousands of gourdes, followed by notes on accounting policies and each line item. Total assets rose from 224.9 billion gourdes at September 30, 2017 to 274.8 billion a year later. Foreign currency holdings reached 137.3 billion gourdes and loans and advances to the government and local authorities 93.0 billion, up from 67.0 billion. Notes and coins in circulation grew from 43.4 billion to 52.3 billion gourdes, while capital and reserves fell from 5.7 billion to 2.9 billion. Net interest income was 4.4 billion gourdes and net income 170.3 million. The notes also describe the BRH's legal basis, the law of August 17, 1979, and the rule that 25 percent of net profit goes to the Treasury.
How to cite
Bank of the Republic of Haiti (BRH), 2019, BRH audited financial statements, fiscal year ended 30 September 2018, https://www.brh.ht/wp-content/uploads/Rapports-des-auditeurs-independants-2018.pdf