|
|
|
 |
|
|
Home
»
Central Banks
Worldwide
»
Bank of Norway |
|
Bank of Norway
|
|
|
|
 |
Bank of
Norway (Norges Bank / Noregs Bank) is the central bank of Norway. Apart from
having traditional central bank responsibilities such as financial stability
and price stability, it manages The Government Pension Fund of Norway, a
stabilization fund that is one of the world's largest investment pools. |
|
|
|
|
|
The Bank
shall promote economic stability in Norway. Norges Bank has executive and
advisory responsibilities in the area of monetary policy and is responsible
for promoting robust and efficient payment systems and financial markets.
Norges Bank manages Norway’s foreign exchange reserves and the Government
Pension Fund Global.
The objectives of the Bank's core activities are price stability, financial
stability and added value in investment management. The Central Bank
Governor is Chairman and the Deputy Central Bank Governor is Deputy Chairman
of the Executive Board. The Governor is responsible for the day-to-day
management of the Bank, and represents the Bank externally. |
|
The Supervisory Council supervises the Bank’s operations and ensures that
the rules governing the Bank's activities are observed, adopts the annual
accounts and approves the Bank's budget. The Council comprises fifteen
members, all elected by the Storting (Norwegian parliament).
Organisation of the bank’s
operations is based on clearly defined core activities. Norges Bank shall:
• promote price stability by means of monetary policy;
• promote financial stability and contribute to robust and efficient
financial infrastructures and payment systems; and
• manage the portfolios of the GPFG, the bank’s own foreign exchange
reserves and the Government Petroleum Insurance Fund in an efficient and
confidence-inspiring manner.
Norges Bank must be well managed
and pursue a goal-oriented approach, as consistent as possible with
international best practice. Bank of Norway also responsible in determined
the Base Rate in Norway.
|
|
 |
|
Norges Bank |
|
HQ
Address: |
Bankplassen 2
0151 Oslo
Norwa |
|
Tel: |
+47 22 31 60 00 |
|
Fax: |
+47 22 41
31 05 |
|
Website: |
www.norges-bank.no |
|
Swift Code: |
NBHKNOKK |
|
Currency: |
Norwegian
krone |
|
Banking Hours: Mon - Fri : 10.00am -
2.00pm |
|
|
|
|
|
In achieving the functions as mentioned above, the Bank commits itself to
providing effective support functions through a sound banking and financial
control system, appropriate information system and the development of
competent and qualified staff. |
|
|
|
|
|
|
|
|
|
DISCLAIMER
The content comes from Internet, reasonable efforts are made to maintain accuracy of information published.
However, information could contain errors or inaccuracies and is presented
without warranty and statutory means.
No liability is assumed for errors or omissions. Viewers are advised to
consult their banker or financial consultant for complete information and
their professional advise.
All trademarks, logos, brand names and copyrights are the property of their
respective owners. |
|
|
© 2011 - 2022 BankHeadOffice.com ® All
Rights Reserved |
|