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Tonga Reserve Bank makes record profit [1]

Nuku'alofa, Tonga

Friday, November 1, 2019 - 21:36.  Updated on Friday, November 1, 2019 - 21:37.

The National Reserve Bank of Tonga made a record profit of $6 million in 2018/2019.

The NRBT presented a  $4.2m pa’anga cheque to the Minister of Finance, Hon. Tevita Lavemaau, on Wednesday, 30 October 2019.

In a statement the NRBT said, the $4.2m pa’anga cheque was the government’s 70% share of the Reserve Bank’s earnings from its investment of Tonga’s Foreign Reserves overseas, and its sales of Tongan numismatic currency for 2018/2019.

The Governor of the Reserve Bank, Dr Sione Ngongo Kioa and the Reserve Bank Board of Directors thanked the bank’s customers, stakeholders, and their counterparts for their support.

Tonga National Reserve Bank [2]
Hon. Tevita Lavemaau [3]
Dr Ngongo Kioa [4]
Economy and Trade [5]

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Source URL:https://matangitonga.to/2019/11/01/tonga-reserve-bank-makes-record-profit

Links
[1] https://matangitonga.to/2019/11/01/tonga-reserve-bank-makes-record-profit [2] https://matangitonga.to/tag/tonga-national-reserve-bank?page=1 [3] https://matangitonga.to/tag/hon-tevita-lavemaau?page=1 [4] https://matangitonga.to/tag/dr-ngongo-kioa?page=1 [5] https://matangitonga.to/topic/economy-and-trade?page=1