National Bank of Slovakia

National Bank of Slovakia
*Národná banka Slovenska*

Headquarters in Bratislava
Headquarters	Bratislava
Coordinates	48°09′12″N 17°06′54″E / 48.153333°N 17.115°E / 48.153333; 17.115
Established	1 January 1993; 31 years ago (1993-01-01)
Ownership	100% state ownership^[1]
Governor	Peter Kažimír^[2]
Central bank of	Slovakia
Reserves	1 190 million USD^[1]
Preceded by	State Bank of Czechoslovakia, 1950–1992
Succeeded by	European Central Bank (2009)¹
Website	www.nbs.sk
¹Národná banka Slovenska still exists but many functions have been taken over by the ECB.

National Bank of Slovakia (Slovak: Národná banka Slovenska, NBS) is the Slovak member of the Eurosystem and was the monetary authority for Slovakia from 1993 to 2008, issuing the Slovak koruna. Since 2014, it has been Slovakia's national competent authority within European Banking Supervision.^[3] It was formed on 1 January 1993 from the division of the State Bank of Czechoslovakia as part of the process of dissolution of Czechoslovakia, together with the Czech National Bank. In addition to its headquarters in Bratislava, the National Bank has 5 regional offices.^[4] The bank doesn't call itself the National Bank of Slovakia in English but uses its Slovak name Národná banka Slovenska in its English communications.

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Organization

Governing bodies

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 a Vice-Governor, and other three members. ^[5] Since the introduction of euro in 2009, the Governor of the NBS has been an ex-officio member of the Governing Council of the European Central Bank

Appointment

The Governor and a Vice-Governor are appointed and can be under certain circumstances dismissed by the President of Slovakia at the proposal of the Government and subject to the approval of the Slovak Parliament. The remaining three members are appointed and dismissed by the Slovak government following the proposal of the Governor. The term of appointment for bank board members is six years (five years before 1 January 2015). The number of subsequent terms is not limited for board members, but the Governor and Deputy Governor are allowed to serve only for two terms.^[5]

Governors

Vladimír Masár, 29.07.1993 - 29.07.1999^[6]
Marián Jusko, 30.07.1999 - 31.12.2004^[6]
Ivan Šramko, 01.01.2005 - 11.01.2010^[6]
Jozef Makúch, 12.01.2010 - 01.06.2019^[6]
Peter Kažimír, Since 01.06.2019^[6]

Headquarters

The headquarters of the National Bank of Slovakia was opened on 23 May 2002 in Bratislava. At a height of 111.6 metres and with 33 floors, it was the highest non-antenna building in Bratislava until 2020, when it was surpassed by Nivy Tower.

References

^ ^a ^b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
^ Slovak Spectator (13 March 2019), Kažimír appointed as new governor of Slovakia's central bank Slovak Spectator.
^ "National supervisors". ECB Banking Supervision.
^ "NBS Organizational structure: - www.nbs.sk". www.nbs.sk.
^ ^a ^b "NBS Bank Board: - www.nbs.sk". www.nbs.sk.
^ ^a ^b ^c ^d ^e "Former NBS Governors and Bank Board members: - www.nbs.sk". www.nbs.sk.

External links

Wikimedia Commons has media related to National Bank of Slovakia.

National Bank of Slovakia official site

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Outline

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This page was last edited on 5 April 2024, at 08:04

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