European System of Central Banks

The European System of Central Banks (ESCB) is made up of the European Central Bank (ECB) and the national central banks of the Member States of the European Union (EU), regardless of whether they are integrated in the eurozone or not. The Treaty on European Union attributes to the ESCB the functions of designing and executing the monetary policy of the countries that make up the euro area. The primary objective that the Treaty assigns to the ESCB is to maintain price stability, without prejudice to which "it shall support the general economic policies of the Community". In principle, it was expected that all the member states of the European Union would join the Euro, however, since this was not the case, the entity in charge of monetary policy in the Eurozone has become the Eurosystem, while the ESCB will assume these functions at the time when all states adopt the Euro.

ESCB Members

The ESCB is made up of the following 27 national banks together with the ECB. The first section is a list of those that belong to the eurozone (countries that have adopted the euro as their single currency). The second section contains those who maintain their own currency.

Member State	Bank	Governor	Website
Members of the Eurozone
Eurozone	European Central Bank	Christine Lagarde	[1]
GermanyGermany	Deutsche Bundesbank	Joachim Nagel	[2]
AustriaAustria	Österreichische Nationalbank	Ewald Nowotny	[3]
BelgiumBelgium	Nationale Bank van België/Banque nationale de Belgique	Jan Smets	[4]
CyprusCyprus	Kεντρικυ Τράπεγα της Κπρου/Kıbrıs Merkez Bankasi	Chrystalla Georghadji	[5]
CroatiaCroatia	Hrvatska narodna banka	Boris Vujčić	[6]
Slovakia Slovakia	Narodná banka Slovenska	Jozef Makúch	[7]
SloveniaSlovenia	Banka Slovenije	Boštjan Jazbec	[8]
SpainSpain	Banco de España	Pablo Hernández de Cos	[9]
EstoniaEstonia	Eesti Pank	Ardo Hansson	[10]
FinlandFinland	Suomen Pankki/Finlands Bank	Erkki Liikanen	[11]
France	Banque de France	François Villeroy de Galhau	[12]
GreeceGreece	Τράπεγα της Ελλδος (trápeza tis eládos)	Yannis Stournaras	[13]
Ireland	Central Bank of Ireland/Banc Ceannais na hÉireann	Philip R. Lane	[14]
ItalyItaly	Banca d'Italia	Ignazio Visco	[15]
LatviaLatvia	Latvijas Banka	Mārtiņš Kazāks	[16]
LithuaniaLithuania	Liembas Bankas	Vitas Vasiliauskas	[17]
LuxembourgLuxembourg	Banque Centrale du Luxembourg	Gaston Reinesch	[18]
MaltaMalta	Central Bank of Malta/Bank ⋅entrali ta’ Malta	Mario Vella	[19]
NetherlandsNetherlands	De Nederlandsche Bank	Klaas Knot	[20]
Portugal	Bank of Portugal	Carlos Costa	[21]
Outside the Eurozone
BulgariaBulgaria	Football banka	Dimit Radev	[22]
DenmarkDenmark	Danmarks Nationalbank	Lars Rohde	[23]
HungaryHungary	Magyar Nemzeti Bank	György Matolcsy	[24]
PolandPoland	Narodowy Bank Polski	Adam Glapiński	[25]
Czech RepublicCzech Republic	Česká narodní banka	Jiří Rusnok	[26]
Romania Romania	Banca Națională a României	Mugur Isărescu	[27]
Sweden Sweden	Sveriges Riksbank	Stefan Ingves	[28]