Czech National Bank (CNB)

Basic information

Company name Czech National Bank (CNB)
Type Premium customer type
Category Banks
 
 

Contact information

Phone +420 224 411 111
Fax +420 224 412 404
E-mail info@cnb.cz
URL http://www.cnb.cz/en/
Address
Street and number Na Příkopě 28
City Prague
ZIP 11503
Country Czech Republic

Company information

Description
The CNB is the central bank of the Czech Republic and the supervisor of the Czech financial market
 
Content

 It is established under the Constitution of the Czech Republic and carries out its activities in compliance with Act No. 6/1993 Coll., on the Czech National Bank (pdf, 137 kB) and other regulations. It is an entity governed by public law having its registered address in Prague. It is vested with the powers of an administrative authority to the extent stipulated by law. It manages the assets entrusted to it by the state independently and with due diligence. Interventions in its activities are only permissible on the basis of a law. The supreme governing body of the CNB is the Bank Board, consisting of the CNB Governor, two Vice-Governors and four Bank Board members. All Bank Board members are appointed by the President of the Czech Republic for a term of six years.

Under Article 98 of the Constitution of the Czech Republic and Act No. 6/1993 Coll., on the Czech National Bank, as amended, the primary objective of the CNB is to maintain price stability. Achieving and maintaining price stability, i.e. creating a low-inflation environment in the economy, is the central bank’s ongoing contribution to the creation of conditions for sustainable economic growth. Central bank independence is a prerequisite for effective monetary instruments conducive to price stability. Without prejudice to its primary objective, the CNB also supports the general economic policies of the Government.

In accordance with its primary objective, the CNB sets monetary policy, issues banknotes and coins and manages the circulation of currency, the payment system and settlement between banks. It also performs supervision of the banking sector, the capital market, the insurance industry, pension funds, credit unions and electronic money institutions, as well as foreign exchange supervision. As a central bank the CNB provides banking services to the state and the public sector. It maintains the accounts of organisations connected to the state budget, including revenue and customs authorities, the Czech Social Security Administration, labour offices, subsidised organisations, state funds and accounts connected to the budget of the European Communities. Under authorisation from the Ministry of Finance, the CNB conducts transactions relating to government securities. The CNB’s headquarters is in Prague. Seven regional branches are located in Prague, Ústí nad Labem, Plzeň, České Budějovice, Hradec Králové, Brno and Ostrava.

The section “About the CNB” describes the CNB’s mission and functions and its current representatives. This section also contains the current organisational structure of the central bank and information on the CNB’s Appeals Committee, an advisory body to the Bank Board for its decisions in administrative proceedings. The subsection “Performance” includes, for example, the CNB’s Annual Reports and Annual Financial Reports. The subsection  Performance includes, for example, the CNB’s Annual Reports and Annual Financial Reports. The subsection  Headquarters gives contact telephone numbers, postal and e-mail addresses and office hours as well as providing information on the history of the CNB’s headquarters. The photogallery contains print-quality photos of the current Bank Board members and photos of the interior and exterior of the CNB’s headquarters.

Documents

No documents in company.
 
 
 
 
 
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