Croatian National Bank


Address: Trg hrvatskih velikana 3, 10002 Zagreb, Republic of Croatia
Telephone: +385 1 45 64 555
Fax: +385 1 45 50 726
Email: info@hnb.hr
Website: http://www.hnb.hr/eindex.htm
SWIFT: NBHRHR2X


Description:

The Croatian National Bank is the central bank of the Republic of Croatia. It is autonomous and independent in achieving its objective and carrying out its tasks. The Croatian National Bank has legal personality, but it is not entered in the register of companies. The Croatian National Bank has its seat in Zagreb. The seal of the Croatian National Bank consists of an image of the coat of arms of the Republic of Croatia and the name of the Croatian National Bank. The Croatian National Bank is represented by the Governor of the Croatian National Bank. The Croatian National Bank is in the exclusive ownership of the Republic of Croatia.

The bank is governed by the Law as to the Croatian National Bank and the Croatian Parliament. The Governor heads it.

The Croatian National Bank is independent in adopting and enforcing its decisions which are based on the Act on the Croatian National Bank and neither seeks nor takes instructions from the bodies of the Republic of Croatia, the bodies of the European Union or other persons. The bodies of the Republic of Croatia or other persons may not influence the adoption and enforcement of the decisions of the Croatian National Bank, nor may they approve, revoke, postpone, cancel, or influence in any other form any decision taken by the Croatian National Bank, or its decision-making bodies, within its competence.

The objective of the Croatian National Bank is to maintain price stability. Without prejudice to the achievement of its objective, the Croatian National Bank supports the economic policy of the Republic of Croatia, while acting in accordance with the principle of an open market economy with free competition.

The Croatian National Bank has the following tasks:

  • to define and implement the monetary and foreign exchange policies;
  • to hold and manage the foreign reserves of the Republic of Croatia;
  • to issue banknotes and coins;
  • to issue and withdraw authorisations and approvals in accordance with the laws governing the operations of credit institutions, credit unions, payment institutions, payment transaction settlement systems, foreign exchange operations and the operation of authorised foreign exchange offices;
  • to exercise supervision and oversight in accordance with the laws governing the operation of credit institutions, credit unions, payment institutions and payment transaction settlement systems;
  • to keep credit institutions' accounts and execute payment transactions across these accounts, grant loans to credit institutions and accept deposits from credit institutions;
  • to regulate and improve the payment system;
  • to perform operations on behalf of the Republic of Croatia, as provided by law;
  • to adopt subordinate legislation on the operations within its competence; and
  • to perform other activities, as provided by law.



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