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The NBP profit for 2018 amounted to zero – Business



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The NBP profit for 2018 amounted to zero – the NBP said. In 2018 the NBP godu generated positive course differences in the amount of 3.6 billion PLN and control exchange reserves of $ 3.0 billion PLN.

Adam Glapinski, President of the NBP. Fig. Piotr Malecki / FORUM

The NBP said that the financial result is also influenced by m.in: the cost of creation of a reserve to cover the risk of the zloty to foreign currency expenditures for the conduct of monetary policy, as well as operating costs and depreciation.

"The cost of creating a reserve to cover the risk of the zloty against foreign currencies, which is bound to create a law on the NBP The NBP amounted to 3.9 billion zlotys. In addition, the costs of monetary policy was 1.6 billion zlotys in 2018, while the operating expenses of the NBP and amortization remained at the same level as in previous years, and amounted to 1.1 billion zlotys " – written.

In accordance with the Act on the NBP until April 30 of the year following the year, the president of the NBP The NBP is an annual report of the Council of Ministers, which shall decide on its approval. Within 14 days from the date of approval of the annual financial statements of the NBP, 95 percent. the annual profit of the NBP (payment of the NBP profit) transferred to the state budget.

The state budget for 2019 does not provide for payment of the NBP profit in 2018.

The NBP profit was minus PLN 2.5 billion for 2017.

In 2016, the NBP profit amounted to 9.2 billion zloty, and went to the state budget in this respect, to 8.7 billion zlotys in 2017.

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PAP

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