Banka Slovenije's tasks
Banka Slovenije is the central bank of Slovenia. It was established by the Bank of Slovenia Act passed on 25 June 1991. It has legal personality under public law, and freely and independently disposes of its own assets.
Since 1 May 2004, when Slovenia joined the EU, Banka Slovenije has been a member of the European System of Central Banks (ESCB). Slovenia joined the euro on 1 January 2007, since which Banka Slovenije has been part of the Eurosystem and has fully upheld the Statute of the ESCB and of the ECB in implementing its tasks.
Animation about Banka Slovenije’s tasks
Banka Slovenije’s tasks are based on four pillars of activity:
Monetary policy relates to the central bank decisions that exert an influence on prices and the availability of money in the economy, thereby exerting an effect on the chosen target of the monetary policy.
Microprudential supervision relates to the maintenance of financial stability. The objective of the supervisory activities is identifying risks in all areas of the operations of banks and savings banks in timely fashion, and ensuring the stability of credit institutions and the financial system through effective action.
Macroprudential policy identifies, monitors and assesses systemic risks to financial stability, and adopts the requisite measures to prevent and mitigate systemic risks.
The resolution of banks in difficulties and the deposit guarantee scheme provide for the orderly resolution of banks in severe difficulties while minimising the impact on the economy and on the public finances. Banka Slovenije is also the custodian of the deposit guarantee scheme, which protects investors and maintains confidence in the banking system.
We also perform other tasks as part of our mandate under law:
issuing cash
operating payment systems
managing the official foreign exchange reserves and other assets of Banka Slovenije
acting as the payment and/or fiscal agent of the state, and as representative of the state in international monetary institutions
managing accounts for the state, government bodies, and persons of public law
performing tasks in connection with financial, monetary, banking and balance of payments statistics
managing the central credit register and similar.
International cooperation
As part of its mandate, Banka Slovenije is active in numerous European and international institutions. On the day that the euro was adopted as Slovenia’s currency (1 January 2007), Banka Slovenije became part of the Eurosystem. The Eurosystem comprises the European Central Bank (ECB) and the national central banks of EU Member States that have adopted the euro.