The Council of the Croatian National Bank consists of eight members: the Governor, Deputy Governor and six Vicegovernors. The Council is the highest body of the Croatian central bank, which is responsible for the achievement of the objective and the carrying out of the tasks of the CNB.
The Council of the Croatian National Bank defines policies with respect to the activities of the Croatian National Bank in accordance with the Act on the Croatian National Bank and the Statute of the Croatian National Bank, and decides on matters within its competence at meetings held at least ten times in a calendar year.
The Council is chaired by the Governor while the Statute of the Croatian National Bank specifies the matters within the competence of the Council, which the Council may delegate to the Governor.
Appointment of the members of the Council of the Croatian National Bank and their status
The Governor, Deputy Governor and Vicegovernors of the Croatian National Bank are appointed by the Croatian Parliament on the proposal of the Elections, Appointments and Administration Committee, taking into account the opinion of the Finance and Central Budget Committee.
The members of the Council of the Croatian National Bank are appointed for a term of six years and they must be citizens of the Republic of Croatia of high personal reputation and professional experience in monetary, financial, banking and/or legal matters.
Governor of the Croatian National Bank
The Governor of the Croatian National Bank manages and governs the operation of the CNB, organises the functioning of the CNB, represents and acts for the Croatian central bank and is responsible for the implementation of decisions of the Council of the Croatian National Bank. The competence and powers of the Governor are specified in the Act on the Croatian National Bank and the Statute of the Croatian National Bank.
The Governor of the Croatian National Bank is a member of the Governing Council of the European Central Bank and the General Council of the European Central Bank.