Statement from the 49th Meeting of the Bank Board of the NBS

The 49th Meeting of the Bank Board of Narodna banka Slovenska was held on 25 November 2008, chaired by Ivan Sramko, Governor. The Bank Board of the NBS discussed the Situation Report on Monetary Development of Slovakia in October 2008 and decided on maintaining its current interest rates for the overnight sterilization transactions at 2.25%, the overnight refinancing transactions at 4.25% and the limit rate for two-week repo tenders with commercial banks at 3.25%. The Bank Board of Narodna banka Slovenska, pursuant to Article 6 paragraph 2, of the Act of the National Council of the Slovak Republic No. 566/1992 Coll.. on Narodna banka Slovenska, as amended, approved the “Decision of Narodna banka Slovenska on Stipulation of Annual Contributions of Supervised Entities of the Financial Market for 2009”. This shall be published in the Bulletin of the NBS and also on the website of the NBS. The Bank Board of the NBS approved the “Report on Fulfilment and Process of Preparations for the Euro Changeover in the NBS” and the “Internal Plan of the NBS for the Eurochangeover.” The preparation is proceeding in accordance with the “Internal Plan of the NBS for the Euro Changeover” and the “National Euro Changeover Plan in the Slovak Republic.” The Bank Board of the NBS approved the Decree of Narodna banka Slovenska under which are amended certain decrees of Narodna banka Slovenska regarding the euro changeover in the Slovak Republic. The Decree lays down, in connection with the euro changeover, the method of change of the terms “Slovak koruna”, “Slovak currency”, “Sk”, “SKK” etc. to “euro” and “EUR” as well as the use of the reference exchange rate in certain decrees of Narodna banka Slovenska so that unification and continuity in sending and assessment of statements, reports and other reports by the supervised entities is ensured. The Decree shall become effective on 1 January 2009. The Bank Board of the NBS approved the draft Decree of Narodna banka Slovenska under which are amended certain decrees of Narodna banka Slovenska regarding the euro changeover in the Slovak Republic. The Decree lays down, in connection with the euro changeover, the method of change of the terms “Slovak koruna”, “Slovak currency”, “Sk”, “SKK” etc. to “euro” and “EUR” as well as the use of the reference exchange rate in certain decrees of Narodna banka Slovenska so that unification and continuity in sending and assessment of statements, reports and other reports by the supervised entities is ensured. The Decree shall become effective on 1 January 2009. The Bank Board of the NBS discussed the NBS Decision of.. 2008, laying down the rules of the TARGET2_SK payment system, the NBS Decision of..2008, laying down the rules of the settlement procedures for affiliated systems in the TARGET2-SK payment system and the draft Agreements regarding TARGET2-SK participation for direct participants and affiliated systems”.

Jana Kovacova
Spokesperson of the NBS

National Bank of Slovakia
Communications Section
Imricha Karvasa 1, 813 25 Bratislava, Slovak Republic
Tel.: +421-2-5787 2161,+421-2-5865 2161, +421-2-5787 2166, 421-2-5865 2166
Internet: http://www.nbs.sk

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