Annual report 2020

OPERATIONS AND STRATEGY 4
BANK OF FINLAND IN A NUTSHELL 6
BANK OF FINLAND STRATEGY UPDATED IN 2020 7
DIVISION OF RESPONSIBILITIES BETWEEN MEMBERS OF THE BOARD 12
STRONG EXPERTISE IS THE CURRENCY OF STABILITY 15
THE BANK OF FINLAND’S BUDGET FOR 2021 AND OPERATING EXPENSES 20
MANAGING ENVIRONMENTAL IMPACTS: COVID-19 HAS CUT
THE BANK OF FINLAND’S EMISSIONS 26
ANNUAL REPORT 29
MONETARY POLICY 30
FINANCIAL STABILITY 67
CASH AND PAYMENTS 91
MANAGEMENT OF FINANCIAL ASSETS 116
ENGAGEMENT AND COOPERATION 138
SUSTAINABILITY AT THE BANK OF FINLAND 165
FINANCIAL STATEMENTS 170
BALANCE SHEET 171
PROFIT AND LOSS ACCOUNT 174
THE BOARD'S PROPOSAL ON THE DISTRIBUTION OF PROFIT 176
ACCOUNTING CONVENTIONS 177
NOTES ON THE BALANCE SHEET 184
NOTES ON THE PROFIT AND LOSS ACCOUNT 211
APPENDICES TO THE FINANCIAL STATEMENTS 222
NOTES ON RISK MANAGEMENT 224
AUDITOR'S REPORT 230
STATEMENT REGARDING THE AUDIT 231
ORGANISATION 234