National Bank of Slovakia
Encyclopedia
National Bank of Slovakia , 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
.
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.
Since 1 January 2010 the head of the National Bank of Slovakia has been Doc. Ing. Jozef Makuch, PhD. He was appointed the Governor by the President of Slovakia
on 1 January 2010.
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 one of the highest buildings in Bratislava. It has 9 regional branches and it is superior to all the banks in Slovakia.
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
of Slovakia
Slovakia
The Slovak Republic is a landlocked state in Central Europe. It has a population of over five million and an area of about . Slovakia is bordered by the Czech Republic and Austria to the west, Poland to the north, Ukraine to the east and Hungary to the south...
, which is a member of the European Union
European Union
The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...
and the European System of Central Banks
European System of Central Banks
The European System of Central Banks is composed of the European Central Bank and the national central banks of all 27 European Union Member States.-Functions:...
. Since 1 January 2009, it has also been a member of Eurosystem
Eurosystem
The Eurosystem is the monetary authority of the Eurozone, the collective of European Union member states that have adopted the euro as their sole official currency...
.
History
It is an independent institution, whose basic goal is to hold price stability. It was created on 1 January 1993.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.
Since 1 January 2010 the head of the National Bank of Slovakia has been Doc. Ing. Jozef Makuch, PhD. He was appointed the Governor by the President of Slovakia
President of Slovakia
The President of Slovakia is the head of state of Slovakia. The President is directly elected by the people for five years, and can be elected for a maximum of two consecutive terms. The presidency is largely a ceremonial office, but the President does exercise certain limited powers with absolute...
on 1 January 2010.
Headquarters
The headquarters office building of the National Bank of SlovakiaNational Bank of Slovakia (building)
The building of the National Bank of Slovakia is one of the highest buildings in Bratislava. It was opened on 23 May 2002.-Statistics:* Height: 113 m* Floors: 33* Underground floors: 3* Area: around 6.000 m²* Number of lifts: 23* Capacity: 1 005 people...
was opened on 23 May 2002 in Bratislava
Bratislava
Bratislava is the capital of Slovakia and, with a population of about 431,000, also the country's largest city. Bratislava is in southwestern Slovakia on both banks of the Danube River. Bordering Austria and Hungary, it is the only national capital that borders two independent countries.Bratislava...
, the capital of Slovakia
Slovakia
The Slovak Republic is a landlocked state in Central Europe. It has a population of over five million and an area of about . Slovakia is bordered by the Czech Republic and Austria to the west, Poland to the north, Ukraine to the east and Hungary to the south...
. At a height of 111.6 metres and with 33 floors it is one of the highest buildings in Bratislava. It has 9 regional branches and it is superior to all the banks in Slovakia.
See also
- Slovak korunaSlovak korunaIn 1993, coins were introduced in denominations of 10, 20 and 50 haliers, 1, 2, 5 and 10 korunas. The 10 and 20 halier coins were taken out of circulation on 31 December 2003....
- List of banks in Slovakia
- Economy of SlovakiaEconomy of SlovakiaSlovakias economy increasingly resembles that of a so-called developed country. With the highest sustained GDP growth in the European Union, reporting 10.4% in 2007 and the highest rating from V4 countries, the Slovak economy has been considered a tiger economy known as the Tatra Tiger. Slovakia...
- Economy of EuropeEconomy of EuropeThe economy of Europe comprises more than 731 million people in 48 different states. Like other continents, the wealth of Europe's states varies, although the poorest are well above the poorest states of other continents in terms of GDP and living standards. The difference in wealth across...