Statement from the 17th Meeting of the Bank Board of the NBS

The 17th Meeting of the Bank Board of the National Bank of Slovakia was held on 29 April 2008, chaired by Ivan Sramko, Governor.

The Bank Board of the NBS discussed and approved the Interim Financial Statement and a Report on Results of Operation of the NBS as at 31.03.2008. The press release on Results of Operation of the NBS as at 31.03.2008 was published on 14.04.2008.

The Bank Board of the NBS discussed the Situation Report on Monetary Development of Slovakia in March 2008 and decided on maintaining its current interest rates for the overnight sterilization transactions at 2.25%, the overnight refinancing transactions at 5.75% and the limit rate for two-week repo tenders with commercial banks at 4.25%.

The Bank Board of the NBS discussed and approved draft Decree setting the limits for placement of technical reserves in the insurance industry.

The Bank Board of the NBS discussed the Report on the activity and result of operations of Standing Arbitration Tribunal of the Association of Banks for the year 2007 and on the basis of the proposal of its founder according to the Provision of the Article 68 section 2 of the Act No. 510/2002 Coll. on the payment system and on amending of some Acts as amended, the Bank Board decided not to pay the contribution in the year 2008 for the activity of the Standing Arbitration Tribunal of the Association of Banks because of sufficiency of funds from the previous period.

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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