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Central Bank in black by €1.4bn

THE Government received €1.1bn from the Central Bank on the back of deals done throughout 2012.

Governor Patrick Honohan said that the Central Bank recorded a profit of €1.4bn until December last year.

He added that recovery has been "slow and tentative" in the Irish economy.

"Both borrowers and lenders became apprehensive and protective of their interests," he said.

Mr Honohan said efforts to wind down Anglo and resolve the arrears crisis have reached decisive junctures.

The Central Bank's work throughout the year included 76 market abuse investigations. The number of investigations under securities law more than doubled, from 30 to 76.