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.
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]
