In accordance with Section 34 of the Charter of the BCRA, the BCRA published its Balance Sheet for the financial year ended December 31, 2016, which was timely approved by BCRA’s Board of Directors.
To access the Balance Sheet, including the documents attached to the Financial Statements go to “Annual Balance Sheets”.
As regards the 2016 fiscal year, it is worth mentioning that the Board of Directors decided, at the time of distributing 2015 profits, to increase BCRA’s capital and reserves in $25 billion and $12.5 billion, respectively. This increase caused the total balances for both items to reach ARS67.07 billion by the end of the year, thus, more than doubling the balance for December 2015 of ARS29.57 billion. This capitalization represents the most significant capital increase of the BCRA in many years.
Moreover, the results of the 2016 fiscal year reached $67.45 billion.
Also, the growth of international reserves should be highlighted, which increased 53.7% against the previous period, going from USD25.56 billion to USD39.31 billion. This increase is mainly explained by foreign currency purchases in the foreign exchange market and from the National Treasury.
The BCRA 2016 Balance Sheet has been reviewed by the BCRA Supervisory Audit and External Audit, in accordance with the currency regulation.
