The Reserve Bank of Australia will once more pay a dividend to the Australian government following two years of losses.
The RBA's annual report, released yesterday, shows the central bank made a profit of $1.08 billion in the year to June 2012 compared with a loss of $4.89 billion in 2011.
The RBA said this "accounting profit" comprised underlying earnings of $710 million, realised valuation gains of $405 million and unrealised valuation losses of $39 million.
The RBA will pay a dividend of $500 million to the Government and allocate $596 million to its reserve fund.
"The process of rebuilding capital", the RBA said, "will need to continue for several more years."
- RBA limits 2012 dividend
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21 September 2012 6:55am
