Suomen Pankki

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Bank of Finland
Suomen Pankki (Finnish)
Finlands Bank (Swedish)
Logo-bof.png
Headquarters Helsinki
founding March 1, 1811
governor Olli Rehn
country Finland
currency

Euro

ISO 4217 EUR
Website

www.suomenpankki.fi/en

predecessor

Waihetus-Laina- ja Depositioni-Contorin

successor

European system of central banks (since 1999)

List of central banks

Suomen Pankki ( Finnish official translation 'Bank of Finland', literally 'Finnish Bank'; Swedish Finlands Bank ; English Bank of Finland ) is the central bank of Finland . It is the fourth oldest central bank in the world.

The Bank of Finland is a member of the European System of Central Banks and is responsible for the procurement, regulation and production of the necessary means of payment in Finland.

There are branches in Vantaa , Kuopio , Tampere , Oulu and Turku .

history

Main building of the Bank of Finland in Helsinki , built 1876–1883 ​​by Ludwig Bohnstedt

On March 1, 1811 in the Grand Duchy of Finland in Turku , the former capital of Finland, Tsar Alexander I with Waihetus- Laina- yes Depositioni-Contori established (, exchange, credit and deposition Kontor '), the predecessor bank of the Finnish central bank. In 1819 the bank moved to Helsinki , and its initially insignificant tasks were gradually expanded. So she received in 1840 the right to issue banknotes, and in 1865 she was on the control rubles dissolved Finnish Mark transmitted. In 1999 Finland adopted the euro as its official currency and the Finnish mark was abolished.

organization

According to the Constitution of the Republic of Finland , the operation of the Bank of Finland is guaranteed and supervised by Parliament . A nine-member banking committee appointed by parliament oversees the bank's activities. For the care of all the bank's duties incumbent is Board (English equivalent: Board of Directors ) is responsible.

At the head of the board of directors is the governor appointed by the Finnish President on a presentation by the Bank Committee . The other members of the Board of Directors are appointed directly by the Bank Committee. The governor's term of office is seven years and that of the board of directors is five years.

The independent financial supervisory authority Finanssivalvonta (FIN-FSA), which monitors the financial markets, acts in conjunction with the bank .

Members of the Board of Directors

  • Olli Rehn , Governor and Chairman of the Board (since July 12, 2018)
  • Marja Nykänen, Vice Governor (since February 1, 2017)
  • Tuomas Välimäki, board member (since July 12, 2018)

Web links

Commons : Bank of Finland  - Collection of images

Individual evidence

  1. ^ Bank of Finland 2010. Suomen Pankki (Bank of Finland), Helsinki 2010, ISBN 978-952-462-583-8 (PDF).
  2. ^ A b Position and organization of the Bank of Finland. In: Bank of Finland 2010. Suomen Pankki (Bank of Finland), Helsinki 2010, ISBN 978-952-462-583-8 , p. 15 (PDF).
  3. ^ Board. Suomen Pankki website, accessed April 14, 2020.

Coordinates: 60 ° 10 ′ 16.67 ″  N , 24 ° 57 ′ 8.94 ″  E