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The financial result of the NBP for 2018 was zero zlotys – NBP reported. In 2018, the NBP generated a positive result in the exchange differences of PLN 3.6 billion and in the management of exchange reserves in the amount of PLN 3.0 billion.
Adam Glapiński, president of NBP. Fig. Piotr Małecki / FORUM
The NBP reported that the financial result was also influenced, among others, by the costs of establishing a provision for hedging the currency risk of the zloty, the costs of conducting monetary policy, as well as operating and depreciation costs.
"The costs of creating a provision to cover the risk of changes in the exchange rate of the zloty for which the NBP is required by the NBP Act amounted to £ 3.9 billion, and the costs of conducting monetary policy totaled 1 , 6 billion pounds in 2018. NBP and depreciation remained at a level similar to previous years and amounted to PLN 1.1 billion, "it was written.
According to the GNP Law, until April 30 of the year following the financial year, the President of the GNP presents the annual financial statements of the NBP to the Council of Ministers, which decides on its approval. 95 per cent within 14 days of the approval of NBP's annual financial statements. NBP's annual profit (payment of NBP's profit) is subject to discharge from the State budget.
In the state budget for 2019, no GNP profit payment for 2018 is provided.
The financial result of the NBP for 2017 was minus 2.5 billion PLN.
In 2016, NBP's profit amounted to PLN 9.2 billion and the state budget received PLN 8.7 billion in 2017.
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