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Central bank records record profit of €1.4bn

THE Central Bank made a record profit last year of €1.4bn.

The bank's annual report for 2012 said that €1.1bn will be paid to the exchequer.

Governor Patrick Honohan said restoration of financial stability to the Irish economy remains a significant challenge.

"However, despite the scale of this task and the backdrop of a weak external economic environment, the overall policy stance is moving things in the right direction", he said.

Mr Honohan was entitled to €276,324 in salary and fees last year. He gifted €63, 324 to the state, leaving a net remuneration of €213,000.

Financial Regulator Matthew Elderfield, who is leaving his post, received €340,000 in salary and fees.

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