Statement from the 12th Meeting of the Bank Board of the NBS

The 12th Meeting of the Bank Board of the National Bank of Slovakia was held on 20 March 2007, chaired by Ivan Sramko, Governor.

The Bank Board of the NBS approved the Financial Statements of the National Bank of Slovakia as at 31 December 2006, and took note of the Report of the Independent Auditors´ prepared by the auditing company Ernst & Young, s.r.o.

The audit was conducted in accordance with International Standards on Auditing and the auditor expressed in the report the opinion that the financial statements present fairly, in all material respects, the financial position of Narodna banka Slovenska as of 31 December 2006 and the results of its operations for the above-stated year, in accordance with the Accounting Act of the Slovak Republic and ECB Guidelines.

The Report on the Results of Operation of Narodna banka Slovenska in 2006, Report of the Independent Auditors, and the Financial Statements of Narodna banka Slovenska will be jointly submitted to the National Council of the Slovak Republic (Slovak Parliament).

The Bank Board of the NBS approved the Report on the Results of Operations of the NBS in 2006. Narodna banka Slovenska showed a loss in the year 2006 in the amount of SKK 45.1 billion. The Bank Board decided that the loss will remain unsettled and will be covered from the future earnings (profit, income) of the NBS and from other funds.

The Bank Board of the NBS approved the Plan of Main Tasks of the NBS for the 2nd to 4th quarters of 2007.

Jana Kovacova
Communication Section

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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