2025 National Reserve Bank of Tonga Annual General Meeting
The Prime Minister and Minister for Finance Hon. ‘Aisake Valu Eke was hosted by Lord Sevele and the Reserve Bank Board of Directors at the 2025 Annual General Meeting held at the Bank on 19 September.
The meeting highlighted the Reserve Bank’s role in safeguarding economic stability in Tonga during a year of global slowdown and uncertainty. Key highlights include price stability, the financial sector stability, stable pegged exchange rate, and resilient external sector results. The continued increase in currency in circulation, and the Bank’s updated monetary policy were noted as important steps to strengthen the Tongan economy’s resilience.
The Board presented the KPMG certified Annual Financial Statements for the year ended 30 June 2025, reporting a profit of $32.5 million. While a lower profit had been expected given declining global interest rates, the results exceeded budget forecasts. The Bank’s net worth has doubled over the past two years, reflecting prudent asset and liability management. A strong balance sheet remains critical for implementing monetary policy measures and for fulfilling the Bank’s broader mandate to support the economy and the people of Tonga.
A cheque of $22.8 million was presented to the Prime Minister Hon. Eke, as the Bank’s distribution for the financial year 2025. Special acknowledgements of the Government of Tonga, international organisations, licensed financial institutions, and all the stakeholders’ support and valuable contributions throughout the year were noted. The Board Chairman Lord Sevele commends the dedication of the Directors of the Board, the Governor, and the NRBT staff in ensuring the strong results in 2025.
- 19 September 2025
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