Small profit for Central Bank

Bridgetown.

The Central Bank of Barbados has recorded a small profit of $3 million on its financial performance it 2010. The institution attributed the improved performance in 2010 to the savings in expenditure and higher levels of income.

Total expenses declined by $3.0 million, while income rose by $9.5 million or 18 percent over the previous year, primarily the result of gains from sale of securities in view of favourable market conditions.