Annual report 2016

Governor's editorial 6

Bank of Finland – promoter of stability 7

Bank of Finland activities 2016 8
Monetary Policy 8
Financial system 20
Financial asset management 29
Banknotes and coins 33
Other operations 36

Management and personnel 44
Strategy 44
Management system 48
Personnel 49
Budget and operating expenses 51
Environment 53
Total risk exposure 55

Financial statements 59
Balance sheet 60
Profit and loss account 62
The Board’s proposal on the distribution of profit 63
Accounting conventions 64
Notes on the balance sheet 68
Notes on the profit and loss account 80
Appendices to the financial statements 85
Notes on risk management 89
Auditor’s report 93
Statement regarding the audit as defined in Article 27 of the Statute of the European System of Central Banks and the European Central Bank 94

Appendices 96
Monetary policy measures of the Eurosystem in 2016 96
Key measures affecting the financial markets in 2016 99
Main opinions issued by the Bank of Finland in 2016 100
Bank of Finland publications in 2016 102

Supplementary tables 103
Organisation of the Bank of Finland 118