In accordance with the Treaty on the Functioning of the European Union and the Statute of the ESCB and of the ECB, the Croatian National Bank (CNB) participates in the definition and implementation of monetary policy of the European Union, conducts foreign exchange operations (transactions) as set out in Article 219 of the Treaty on the Functioning of the European Union and ensures the smooth operation of payment systems.
The CNB manages, collects and processes statistical data and issues and withdraws authorisations and approvals and adopts other decisions in accordance with the laws governing the operation of credit institutions and the operation of credit unions, payment service providers, electronic money issuers and payment systems, payment operations, the issuance of electronic money as well as foreign exchange operations and the operation of authorised exchange offices.
It is the CNB's task to exercise supervision and oversight in accordance with the laws governing the operation of credit institutions and the operation of credit unions, payment service providers, electronic money issuers and payment systems, payment operations and the issuance of electronic money. The CNB carries out the tasks relating to the supervision of credit institutions within the Single Supervisory Mechanism (SSM) and the tasks of resolution of credit institutions within the Single Resolution Mechanism (SRM).
The CNB also regulates and improves the payment system and ensures its smooth operation and acts as fiscal agent for the Republic of Croatia and performs other operations on behalf of the Republic of Croatia, as provided by law. The CNB implements macroprudential policy for the purpose of contributing to maintaining the stability of the financial system as a whole.
In addition, it keeps the accounts of credit institutions and executes payment transactions across these accounts and grants loans to credit institutions. The CNB also collects and processes statistical data and adopts subordinate legislation on the operations within its competence.