National Bank of Slovakia ( sk, Národná banka Slovenska, NBS), is the

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a centra ...

Slovakia Slovakia (; sk, Slovensko ), officially the Slovak Republic ( sk, Slovenská republika, links=no ), is a landlocked country in Central Europe. It is bordered by Poland to the north, Ukraine to the east, Hungary to the south, Austria to the ...

, a member state of the

European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been ...

since 2004 and of the

euro area The euro area, commonly called eurozone (EZ), is a currency union of 19 member states of the European Union (EU) that have adopted the euro ( €) as their primary currency and sole legal tender, and have thus fully implemented EMU policies ...

since 2009. It was formed on from the division of the State Bank of Czechoslovakia as part of the process of

dissolution of Czechoslovakia The dissolution of Czechoslovakia ( cs, Rozdělení Československa, sk, Rozdelenie Česko-Slovenska) took effect on December 31, 1992, and was the self-determined split of the federal republic of Czechoslovakia into the independent countries ...

, together with the

Czech National Bank The Czech National Bank, ( cs, Česká národní banka, ČNB) is the central bank and financial market supervisor in the Czech Republic, headquartered in Prague. It is and a member of the European System of Central Banks. It was established on ...

. In addition to its headquarters in

Bratislava Bratislava (, also ; ; german: Preßburg/Pressburg ; hu, Pozsony) is the capital and largest city of Slovakia. Officially, the population of the city is about 475,000; however, it is estimated to be more than 660,000 — approximately 140% o ...

, the National Bank has 5 regional offices. The National Bank is an independent institution, whose main goal is to hold

price stability Price stability is a goal of monetary and fiscal policy aiming to support sustainable rates of economic activity. Policy is set to maintain a very low rate of inflation or deflation. For example, the European Central Bank (ECB) describes price ...

. On the basis of authority bestowed upon the bank by the Slovak Government, the Bank represents Slovakia in international financial institutions and in international money market transactions related to monetary policy performance. As of late 2022, the governor of the National Bank was Peter Kažimír, who took up the post on 1 June 2019.Slovak Spectator (13 March 2019)
Kažimír appointed as new governor of Slovakia's central bank
'' Slovak Spectator''.

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. Since the introduction of

euro The euro (symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...

in 2009, the Governor of the NBS has been an

ex-officio An ''ex officio'' member is a member of a body (notably a board, committee, council) who is part of it by virtue of holding another office. The term '' ex officio'' is Latin, meaning literally 'from the office', and the sense intended is 'by right ...

member of the Governing Council of the

European Central Bank The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important centra ...

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.

Governors

Vladimír Masár Vladimír Masár (born 2 May 1958 in Partizánske, Czechoslovakia) served as the first Governor of National Bank of Slovakia between 1993 and 1999. As the first Central Bank governor of a newly independent Slovakia, he was in charge of introd ...

, 29.07.1993 - 29.07.1999 *

Marián Jusko Marián Jusko (born 24 March 1956 in Prešov, Czechoslovakia) served as the Governor of National Bank of Slovakia since July 1999 to December 2004. Being a deputy of his predecessor, governor Masár, Jusko's appointment was generally seen as a re ...

, 30.07.1999 - 31.12.2004 *

Ivan Šramko Ivan Šramko (born 3 September 1957 in Bratislava, Czechoslovakia) served as the Governor of National Bank of Slovakia since January 2005 to January 2010. Šramko is notable for overseeing Slovakia's adoption of the Euro currency in 2009. As a Go ...

, 01.01.2005 - 11.01.2010 * Jozef Makúch, 12.01.2010 - 01.06.2019 * Peter Kažimír, Since 01.06.2019

Headquarters

The headquarters of the National Bank of Slovakia was opened on 23 May 2002 in

. At a height of 111.6 metres and with 33 floors, it is the highest non-antenna building in Bratislava.

References

External links

National Bank of Slovakia official site
{{National banks of Europe Banks of Slovakia

1993 establishments in Slovakia Banks established in 1993 Financial regulatory authorities of Slovakia