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Statement from the 34th Meeting of the Bank Board of the NBS

The 34th Meeting of the Bank Board of Narodna banka Slovenska was held on 21st September 2010, chaired by Jozef Makuch, Governor.

The Bank Board of the NBS approved the announcement on the issue of gold collectors´ euro coins with the nominal value of EUR 100, with the motif „World Heritage – Wooden Churches of the Slovak part of the Carpathian Mountain Area.”

A collectors´ euro coin is minted from an alloy containing 900 parts of gold, 75 parts of silver and 25 parts of copper. The weight of the coin is 9,5 g and its diameter is 26 mm. The graphic designer of the coin is PhDr. Kliment Mitura.

The collectors´ golden euro coins will be minted in the Kremnica Mint, š.p. and will be on sale from December 2010.

The Bank Board of the NBS approved the announcement on the issue of commemorative circulation coins with the nominal value of EUR 2, on the occasion of 20th anniversary of the foundation of the Visegrad Group

A commemorative circulation euro coin will have the same technical parameters as a regular EUR 2 coin and after its issue into circulation (January 2010), it will be a legal tender in the Slovak Republic, as well as in other countries of the euro area.

Commemorative circulation euro coins in the volume of 1 million pieces will be minted in the Kremnica Mint, š.p.

The Bank Board of the NBS approved the Decree of Narodna banka Slovenska on disclosure of information by banks or branch offices of foreign banks.

The Decree represents the so-called third pillar of the New Basel Capital Accord, according to which the disclosure of information by banks or branch offices of foreign banks facilitates financial market participants in better orientation, contributes to higher confidence and greater stability of financial system, maintains equality of opportunities in economic competition and at the same time respects the sensitivity of some information.

The Decree shall become effective on 31 December 2010.

The Bank Board of the NBS approved the Decree of Narodna banka Slovenska on disclosure of information by securities dealers and branch offices of foreign securities dealers.

The Decree represents the so-called third pillar of the New Basel Capital Accord, according to which the disclosure of information by securities dealers and branch offices of securities dealers facilitates financial market participants in better orientation, contributes to higher confidence and greater stability of financial system, maintains equality of opportunities in economic competition and at the same time respects the sensitivity of some information.

The Decree shall become effective on 31 December 2010.

The Bank Board of the NBS discussed and approved the material: Analysis of the Slovak financial sector in the first half of 2010.

The Analysis will be published on the NBS´s website.

Petra Pauerová
Spokesperson of the NBS

National Bank of Slovakia
Press and Editorial Section
Imricha Karvasa 1, 813 25 Bratislava, Slovak Republic
Tel.: +421-2-5787 2142, +421-2-5865 2142, +421-2-5787 2169, +421-2-5865 2169
Internet: http://www.nbs.sk

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