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 National Bank of Slovakiaheadquarters | |
| Headquarters | Bratislava |
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| Coordinates | 48°09′12″N17°06′54″E / 48.153333°N 17.115°E /48.153333; 17.115 |
| Established | 1 January 1993; 32 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 |
| 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 thenational central bank forSlovakia within theEurosystem. It was the Slovakcentral bank from 1993 to 2008, issuing thekoruna. It was formed on 1 January 1993 from the division of theState Bank of Czechoslovakia as part of the process ofdissolution of Czechoslovakia, together with theCzech National Bank.
In addition to its monetary role, the NBS is also afinancial supervisory authority. In that capacity, it increasingly implements policies set at theEuropean Union level. It is the national competent authority for Slovakia withinEuropean Banking Supervision.[3] It is a voting member of the respective Boards of Supervisors of theEuropean Banking Authority (EBA),[4]European Insurance and Occupational Pensions Authority (EIOPA),[5] andEuropean Securities and Markets Authority (ESMA).[6] It provides the permanent single common representative for Slovakia in the Supervisory composition of the General Board of theAnti-Money Laundering Authority (AMLA).[7] It is a member of theEuropean Systemic Risk Board (ESRB).[8]
The NBS also hosts theSlovak Resolution Council (Slovak:rada pre riešenie krízových situácií,lit. 'council for the resolution of crisis situations'), Slovakia's designatedNational Resolution Authority and plenary session member of theSingle Resolution Board (SRB).[9]
The bank doesn't call itself theNational Bank of Slovakia in English but uses its Slovak nameNárodná banka Slovenska in its English communications. It is not to be confused with theSlovak National Bank, the short-lived central bank of theSlovak Republic (1939–1945) that was carved out from theNational Bank of Czechoslovakia.
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.[10] Since the introduction ofeuro in 2009, the Governor of the NBS has been anex-officio member of the Governing Council of theEuropean Central Bank
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.[10]
In addition to its headquarters inBratislava, the National Bank has 5 regional offices.[11]
The Slovak Resolution Council is hosted by the NBS, but operates under an autonomous governance framework, and thus counts as a separate authority.
The Resolution Council was established on 1 January 2015.[12] The implementation of its decisions is delegated to the Crisis Resolution Department of the NBS Regulation Department.[13] In addition to its role as bank resolution authority, the Resolution Council was designated as national resolution authority forcentral counterparties with effect at 12 August 2022.[12] The same 2022 legislation granted the Council additional authority to impose financial penalties.[14]
Theheadquarters of the National Bank of Slovakia was opened on 23 May 2002 inBratislava. At a height of 111.6 metres and with 33 floors, it was thehighest office building in Bratislava until 2020, when it was surpassed byNivy Tower.
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