National Bank of Slovakia (, NBS) is the national central bank for

Slovakia Slovakia, officially the Slovak Republic, 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 west, and the Czech Republic to the northwest. Slovakia's m ...

within the

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. The European Central Bank (ECB) has, under Article 16 of its Statute,

. It was the Slovak

central bank A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...

from 1993 to 2008, issuing the koruna. Since 2014, it has been Slovakia's national competent authority within

European Banking Supervision European Banking Supervision, also known as the Single Supervisory Mechanism (SSM), is the policy framework for the prudential supervision of banks in the euro area. It is centered on the European Central Bank (ECB), whose supervisory arm is re ...

. 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, which took effect on December 31, 1992, was the Self-determination, self-determined Partition (politics), partition of the federal republic of Fifth Czechoslovak Republic, Czechoslovakia into the independent ...

, together with the

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

. In addition to its headquarters in

Bratislava Bratislava (German: ''Pressburg'', Hungarian: ''Pozsony'') is the Capital city, capital and largest city of the Slovakia, Slovak Republic and the fourth largest of all List of cities and towns on the river Danube, cities on the river Danube. ...

, the National Bank has 5 regional offices. 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.

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 (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the ...

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, or council) who is part of it by virtue of holding another office. The term ''List of Latin phrases (E)#ex officio, ex officio'' is Latin, meaning literally 'from the off ...

member of the Governing Council of the

European Central Bank The European Central Bank (ECB) is the central component of the 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 Big Four (banking)#International ...

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, 29.07.1993 - 29.07.1999 * Marián Jusko, 30.07.1999 - 31.12.2004 * Ivan Šramko, 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 was the highest office building in Bratislava until 2020, when it was surpassed by Nivy Tower.

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