National Bank of Slovakia

National Bank of Slovakia (Slovak: Národná banka Slovenska, NBS), is the central bank of Slovakia, which is a member of the European Union and the European System of Central Banks. Since 1 January 2009, it has also been a member of Eurosystem.

National Bank of Slovakia
Národná banka Slovenska
HeadquartersBratislava
Coordinates48.153333°N 17.115°E / 48.153333; 17.115
Established1 January 1993 (1993-01-01)
Ownership100% state ownership[1]
GovernorPeter Kažimír
Central bank ofSlovakia
Reserves1 190 million USD[1]
Preceded byState Bank of Czechoslovakia, 1950–1992
Succeeded byEuropean Central Bank (2009)1
Websitewww.nbs.sk
1Národná banka Slovenska still exists but many functions have been taken over by the ECB.
Headquarters of the National Bank of Slovakia

It has 9 regional branches and it is superior to all the banks in Slovakia.

History

It is an independent institution, whose basic goal is to hold price stability. It was created on 1 January 1993, together with the Czech National Bank, as a result of the split in the State Bank of Czechoslovakia.

Authorised by the Slovak Government, the Bank represents Slovakia in international financial institutions and in international money market transactions related to monetary policy performance.

The supreme governing body of the National Bank of Slovakia is the Bank Board, which formulates monetary policy, applies appropriate instruments, and rules on monetary measures. It is composed of the Governor and two Vice-Governors, who are appointed and dismissed by the President of Slovakia and other eight members, who are appointed and dismissed by the Slovak government following the proposal of the Governor. As many as three members of the Bank Board are not required to be in a working relationship with the NBS.

The current governor of the National Bank is Peter Kažimír, who took up the post on 1 June 2019.[2]

The National Bank of Slovakia publishes the Biatec journal since 1993.[3]

Governors

Headquarters

The headquarters office building of the National Bank of Slovakia was opened on 23 May 2002 in Bratislava, the capital of Slovakia. At a height of 111.6 metres and with 33 floors it is the highest building in Bratislava, not including antenna height.

See also

References

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