Annual report 2021

OPERATIONS AND STRATEGY 4
BANK OF FINLAND IN A NUTSHELL 6
BANK OF FINLAND PUT ITS NEW STRATEGY IN PLACE DURING 2021 7
DIVISION OF RESPONSIBILITIES BETWEEN MEMBERS OF THE BOARD 10
BANK OF FINLAND VOTED ONE OF THE MOST INSPIRING PLACES TO WORK IN 2021 13
A COMMON MANAGEMENT VISION FOR THE BANK OF FINLAND AND THE FINANCIAL SUPERVISORY AUTHORITY 19
BANK OF FINLAND BUDGET AND OPERATING EXPENSES FOR 2022 22
BANK OF FINLAND REVIEWED CALCULATION OF ITS CARBON FOOTPRINT IN 2021 28
NEW DATA BALANCE SHEET AUGMENTS BANK OF FINLAND ANNUAL REPORT 32
BANK OF FINLAND’S INDICATOR TARGETS AND THEIR ACHIEVEMENT IN 2021 35
ANNUAL REPORT 42
MONETARY POLICY 44
FINANCIAL STABILITY 78
MONEY AND PAYMENTS 101
MANAGEMENT OF FINANCIAL ASSETS 121
ENGAGEMENT AND COOPERATION 146
SUSTAINABILITY AT THE BANK OF FINLAND 175
FINANCIAL STATEMENTS 177
BALANCE SHEET 178
PROFIT AND LOSS ACCOUNT 181
THE BOARD'S PROPOSAL ON THE DISTRIBUTION OF PROFIT 183
ACCOUNTING CONVENTIONS 184
NOTES ON THE BALANCE SHEET 191
NOTES ON THE PROFIT AND LOSS ACCOUNT 218
APPENDICES TO THE FINANCIAL STATEMENTS 231
NOTES ON RISK MANAGEMENT 233
AUDITOR'S REPORT 239
STATEMENT REGARDING THE AUDIT 240
ORGANISATION 243