Statement from the 42nd Meeting of the Bank Board of Národná banka Slovenska

The 42nd Meeting of the Bank Board of Národná banka Slovenska was held today (20 December 2011) and was chaired by Jozef Makúch, the NBS Governor.

The Bank Board discussed the Report on Economic Development for November/December 2011, which will be published in electronic form on the NBS website as the Monthly Bulletin of NBS.

The Bank Board also discussed and approved the Draft Agreement on Cross-Border Cooperation. Proposed by the Austrian authorities, the agreement concerns the establishment of a regional cross-border stability group. It creates a framework for cooperation among three banking groups that have subsidiaries in Slovakia, as well as for voluntary cooperation among the seven countries party to the agreement. The agreement follows up on the conclusions of the ECOFIN meeting of 2010, which agreed to establish so-called cross-border stability groups for all large European banking groups.

Petra Pauerová
NBS Spokesperson

National Bank of Slovakia
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Internet: http://www.nbs.sk

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