Governor Tabaković takes part in the 90th Annual General Meeting of BIS

NBS Governor Jorgovanka Tabaković took part in today’s 90th Annual General Meeting (AGM) of the Bank for International Settlements (BIS). The AGM, held via video conference, gathered governors of the central banks who are members and shareholders of this oldest international financial institution.

BIS General Manager Agustin Carstens presented the Annual Report 2019/20, setting out the results achieved and activities implemented in order to promote global monetary and financial stability, financial technologies and banking services tailored to the needs of central banks.  It was stated that the pandemic-induced global crisis has brought international cooperation to the forefront and intensified the BIS’s collaboration with central banks and regulatory authorities. As regards economic research, a focus was placed on the pandemic’s impact on the global financial system and the real economy.   

The BIS encourages central banks to advance their payment system digitalisation agenda, and a whole chapter of the Annual Report is devoted to central banks and payments in the era of digitalisation. It was precisely the pandemic that prompted a rise in contactless payments and revealed the importance of fast and innovative changes in the provision of payment services while maintaining at all times the security and integrity of the payment system.   

Let us remind you that the NBS has maintained the stability and security of the national payment system and continued working on infrastructure modernisation. The rise in the number of instant payments through all channels is constant and evident – there were around 10.7 million instant payments in the first six months of the year, while the figure for the entire last year was 6.9 million. Other indicators also paint a good picture – Q1 2020 saw a y-o-y rise in the number of signed contracts on both e-banking (10.57%) and m-banking (18.11%).  In Q1 2020, the number of m-banking transactions increased by 25.62% y-o-y, while the number of e-banking transactions increased by 0.5%.

The BIS, Basel is a joint-stock limited liability company owned and managed by central banks. At the moment, 62 central banks are BIS shareholders with the rights of representation and voting at the AGMs. The NBS holds 2,920 BIS shares and takes part in the meetings.

Governor's Office