Statement from the 29th Meeting of the Bank Board of the NBS

The 29th Meeting of the Bank Board of Narodna banka Slovenska was held on 7 July 2008, chaired by Ivan Sramko, Governor.

The Bank Board of the NBS discussed and approved the Decree of Narodna banka Slovenska laying down particulars of an application for granting a prior approval according to Article 70 paragraph 1 of the Act on securities. The Decree will ensure performance of Article 70 paragraph 1 of the Act on securities following the amendments effective from 1 November 2007 and 1 January 2008 related to the provision of investment services. The issue of this Decree, from the formal point of view, follows from the fact that from 1 January 2008, according to the Act on securities, only Decrees of Narodna banka Slovenska can be issued. The Decree shall become effective on 15 August 2008.

The Bank Board of the NBS discussed and approved the Decree of Narodna banka Slovenska laying down particulars of an application for granting a prior approval of Narodna banka Slovenska in accordance with the Act on collective investment. The purpose of this Decree is to amend the granting of a prior approval of Narodna banka Slovenska according to the Act on collective investment. The Decree shall become effective on 1 September 2008.

The Bank Board of the NBS discussed the document Information about the euro changeover impacts on the Slovak financial market. The document will be posted on the NBS ´s website. The Bank Board of the NBS discussed the Financial Stability Report for 2007. The full-text document will be posted on the NBS´s website.

The Bank Board of the NBS approved the regulation on issuing commemorative silver coins with the nominal value of SKK 1000. The coins bear the inscription “Farewell to the Slovak Crown”. The commemorative coin will be struck in silver with the purity of 999. Its weight will be 62.207 grammes and diameter 50 milimetres. The coin was designed by the sculptor Karol Li ko. The commemorative coins will be minted in the Kremnica Mint, s.p., to the number of 22,000 pieces, and will be for sale at the beginning of December 2008.

The Bank Board of the NBS approved a notice about nominal values, design, technical parameters, basic security features and further conditions of the euro banknotes and the euro coins to be issued into, and determined for circulation in the euro area and the participating third countries. The euro banknotes and the euro coins, including collector´s euro coins issued by Narodna banka Slovenska, shall become, from 1 January 2009, the legal tender valid in their nominal values in all cash payments in the Slovak Republic.

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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