It is an independent institution, whose basic goal is to hold price stability. It was created on 1 January 1993.
Authorised by the Slovak Government, the Bank represents Slovakia in international financial institutions and in international money market transactions related to monetary policy performance.
The supreme governing body of the National Bank of Slovakia is the Bank Board, which formulates monetary policy, applies appropriate instruments, and rules on monetary measures. It is composed of the Governor and two Vice-Governors, who are appointed and dismissed by the President of Slovakia and other eight members, who are appointed and dismissed by the Slovak government following the proposal of the Governor. As many as three members of the Bank Board are not required to be in a working relationship with the NBS.
Since 1 January 2010 the head of the National Bank of Slovakia has been Doc.Ing. Jozef Makuch, PhD. He was appointed the Governor by the President of Slovakia on 1 January 2010.