Summary reports

The Central Bank Statutes (Law No. 96 dated 29 June 2005, as subsequently amended and supplemented) require the Bank to answer to the Great and General Council regarding the attainment of its objectives. The Chairman, members of the Governing Council and the Chairman of the Board of Statutory Auditors are appointed by the Great and General Council; consistently with the duties assigned to it by the Statutes, the Bank has prepared the Annual Report containing the summary of the activities performed during the previous year, and the performance of the financial system, which – pursuant to the Law – must be approved by the Shareholders' Meeting. The latter then forwards the Report to the Great and General Council through the office of the Secretary of State for Finance.