The Supervisory Board of the Central Bank of Estonia (Eesti Pank) decided to transfer a quarter of its profit from last year, EUR 6.8 million, to the state budget and approved the bank’s annual report. Eesti Pank reported profit of EUR 27.4 million for the year. The board noted that since 1992 the central bank has allocated a cumulative EUR 199 million of profit to the state budget. It also reiterated a long-term approach to ensure the central bank’s capital buffers remain sufficient to carry out its tasks, with a stated aim to build capital reserves over time until they reach the same relative level as the euro area central bank average. As part of the meeting, the Governor provided a regular review of the euro area economy, the Deputy Governor presented the latest economic forecast to be published on 31 March, and the risk manager briefed the board on operating risks and the resilience and continuity management framework. The next Supervisory Board meeting is scheduled for 12 May.