Financial-Directorate

Main responsibilities

exercises financial control, including the efficient allocation, management and use of the Bank's financial resources, as well as budgetary monitoring and control (including the assessment and control of data submitted by the Directorates, and the adoption of corrective measures in case of deviations from budgeted expenditure); carries out cost-benefit analyses to support Bank’s Administration in policy formulation and decision-making; ensures compliance with audit recommendations and findings by external and internal auditors and assesses the adequacy and effectiveness of corrective measures; and reviews the Bank’s financial results;
submits the Bank’s daily balance sheet to the ECB;
prepares the Bank’s financial statements;
publishes monthly balance sheets and the Annual Financial Report;
prepares the Bank’s budget and monitors its implementation;
prepares cost reports for the needs of the Bank and the Eurosystem;
processes staff payroll, manages the related information systems and sets related procedures;
provides allowances, loans and special remuneration to the Bank’s staff, and manages business travel of its employees;
executes payments to its staff and third parties;
collects amounts due from its staff and third parties;
keeps the Bank’s accounting records;
maintains the Bank's register of fixed assets;
is responsible for the fulfilment of the Bank’s tax obligations.