Czech central bank posts loss after record profit year

Czech National Bank posted a loss of 72.9 billion crowns last year, reversing a record profit in 2024, mainly due to the strengthening of the Czech currency. The bank said the crown’s nearly 15% appreciation against the US dollar reduced the value of its assets, while the costs of monetary policy operations also weighed on the result, despite falling year on year. At the same time, income from foreign exchange reserves rose to a record level, helped by higher equity holdings and additional gold purchases. The loss will deepen the bank’s accumulated deficit from previous years. The central bank stressed that generating profit is not its primary goal, which remains price and financial stability.