The Central Bank of Eswatini (CBE) has reported a profit of E205.7 million for the 2024/25 financial year — a decline from the E251.5 million recorded the previous year.
Despite the dip, the bank said the performance reflects strong operational delivery on initiatives within its control and highlights opportunities for enhanced collaboration and better management of dependencies in the coming year.
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This was revealed by CBE Governor Dr. Phil Mnisi during the launch of the 8th Edition of the Annual Integrated Report 2024/25 on Friday.
Dr. Mnisi noted that during the year under review, the bank upheld its mandate to support socio-economic development through robust monetary and financial sector oversight. He described the institution’s overall performance as “mid-good,” pointing to notable progress in areas of price and financial stability, which indicated effective policy implementation and system resilience.
However, he stressed that more focus is required to accelerate progress on economic development indicators — particularly those that depend on structural reforms and strategic partnerships.
On stakeholder relations, Dr. Mnisi said the bank made meaningful strides in fostering engagements and building institutional credibility through targeted initiatives. This focus area, he explained, reflected the CBE’s commitment to enhancing public trust, strengthening internal engagement, and positioning itself as a centre of excellence and a central bank of reference.
“Performance in this area was rated at mid-good. While the bank sustained exceptional system uptime and demonstrated strong cybersecurity resilience, stakeholder perception and pulse survey scores experienced a decline, with the contributing factors well-substantiated.
“The bank, however, acknowledges the perception survey results as a valuable opportunity for reflection, learning, and targeted improvement in stakeholder engagement and service delivery. By adopting a more inclusive and research-driven approach, we now have a clearer picture of where we stand in the eyes of our stakeholders,” he said.
Dr. Mnisi added that internal engagement levels remained robust, with high employee engagement and strategic alignment scores continuing to support the bank’s overall performance.
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