The National Reserve Bank of Tonga reported a net profit after tax of 26.6 million for FY2026, above its five-year average, as its annual financial statements received a clean, unqualified audit opinion. Foreign reserves remained above 11 months of imports and the nominal effective exchange rate was broadly stable, although inflation reached 7.1% at the end of June 2026, exceeding the bank’s 5% reference rate amid higher imported petroleum prices and other external cost pressures. The bank also advanced reforms to modernize its monetary policy framework and national payment system, strengthen prudential supervision and banking standards, and enhance anti-money laundering and counterterrorist financing supervision, compliance and enforcement. The annual report and audited statements are expected to be tabled before Cabinet and Parliament.
National Reserve Bank of Tonga reports 26.6 million FY2026 profit and advances resilience reforms
The National Reserve Bank of Tonga reported a 26.6 million net profit after tax for FY2026 and received a clean, unqualified audit opinion. Reserves covered more than 11 months of imports, while inflation reached 7.1%, above the bank’s 5% reference rate. Reforms covered monetary policy, payments, prudential standards and financial crime supervision.