The Cnb Was Making a Profit, but Ended up with a Loss. the Strong Koruna Is to Blame

Novinky.cz

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The Czech National Bank has fallen back into the red after a record profit. Last year, it ended with a loss of 73 billion crowns, even though it made a profit on its investments. The result was fundamentally affected by the stronger crown against the dollar, said Governor Aleš Michl.

echo24.cz

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The Czech National Bank (ČNB) recorded a loss of 73 billion crowns last year. It was caused by the strengthening of the crown against the dollar, and income from foreign exchange reserves increased year-on-year. CNB Governor Aleš Michl told reporters on Tuesday. In 2024, the CNB had a record profit of 151 billion crowns. The CNB's financial report also includes the earnings of the bank board members. According to the report, Michl received an an…

ceskenoviny.cz

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Prague - The Czech National Bank (ČNB) recorded a loss of 73 billion crowns last year. It was caused by the strengthening of the crown against the dollar, while income from foreign exchange reserves increased year-on-year. CNB Governor Aleš Michl told reporters today. In 2024, the CNB had a record profit of 151 billion crowns.