Bank of Finland objectives and results framework 2017–2019

I Influence and service capacity

Strategic guideline

1. The Bank of Finland's influence is built on high-level expertise and research that combines both macroeconomic and financial market perspectives.

Quality-weighted publication index for research

Objective
> 32
12/2017
25
12/2018
32
12/2019
52
Strategic guideline

2. The Bank of Finland participates in preserving the service level of the financial markets and related infrastructure and offers competitive central bank services to its customers.

Quality of central bank services from service users' perspective

Objective
> 95% of respondents satisfied
12/2017
93%
12/2018
92%
12/2019
98%

Consumer satisfaction survey on the quality and availability of cash

Objective
> 4
12/2017
4.0
12/2018
4.0
12/2019
4.1
Strategic guideline

3. Public confidence in the Bank of Finland and awareness of the Bank's and the Eurosystem's activities are promoted through effective, well-targeted communication.

Results of the Omnibus survey carried out by the market research company Taloustutkimus

Objective
Upper quartile of the benchmark group
12/2017
3/12
12/2018
3/12
12/2019
3/12

Visits (clicks) on the Bank's websites

Objective
Rising trend
12/2017
1.6 million
12/2018
1.6 million
12/2019
1.6 million

II Efficient use of resources and capital

Strategic guideline

4. The Bank of Finland's financial assets are invested in a secure and productive manner in accordance with international commitments and crisis management requirements.

Share of government bonds and central bank deposits of investment assets

Objective
≥ 45%
12/2017
New measure
12/2018
New measure
12/2019
62%

Return on financial assets exceeding the central bank rate on investment currencies

Objective
> 0; 5-year moving average
12/2017
0.40%
12/2018
0.41%
12/2019
0.47%
Strategic guideline

5. The aim is to enable stable profit distribution to the State without jeopardising the Bank's capital adequacy.

Reserve fund + provisions relative to balance sheet risks

Objective
Provisions are increased with the aim of ensuring a sufficiently strong balance sheet under all circumstances.
12/2017
EUR 5,734 million
12/2018
EUR 5,850 milion
12/2019
EUR 6,066 million

Distributed earnings

Objective
Stable profit distribution
12/2017
EUR 104.0 million
12/2018
EUR 143.0 million
12/2019
EUR 188.0 million
Strategic guideline

6. The Bank of Finland is one of the most efficient central banks in the EU.

Permanent, fixed-term and temporary employees, expressed as total full-time equivalents

Objective
2019: ≤ 387,9
12/2017
379
12/2018
370
12/2019
372

Total departmental operating expenses

Objective
2019: ≤ EUR 61 millions
12/2017
EUR 53.4 million
12/2018
EUR 54.2 million
12/2019
EUR 56.3 million

III Efficiency of internal processes

Strategic guideline

7. The quality of the Bank of Finland's analytic and operational processes is actively enhanced.

Fulfilled criteria as set out in departmentspecific agreements on objectives and outcomes

Objective
≥ 93%
12/2017
76%
12/2018
61%
12/2019
69%
Strategic guideline

8. The Bank of Finland's ICT solutions enable top quality, influential work by our experts

Feedback on IT equipment and services

Objective
≥ 93% satisfied
12/2017
94%
12/2018
93%
12/2019
92%

Accessibility of ICT in communication technology and content management services (24/7)

Objective
≥ 99%
12/2017
99.9%
12/2018
99.8%
12/2019
99.9%

Number of serious disruptions

Objective
0
12/2017
0
12/2018
0
12/2019
0

IT innovations that have increased productivity from the departments' perspective, proportion of departments that met their targets

Objective
= 100%
12/2017
100%
12/2018
100%
12/2019
100%
Strategic guideline

9. The activities of the Bank of Finland are environmentally sustainable

Total emissions / operating expenses (energy use)

Objective
Falling trend
12/2017
61.2 kg CO2 - emissions/ energy use
12/2018
59.4 kg CO2 - emissions/ energy use
12/2019
50,6 kg CO2 - emissions/ energy use

IV Building the future

Strategic guideline

10. The Bank of Finland raises the expertise and professional competence of its staff.

Annual implementation of personal development plans

Objective
Over 80% of plans turn out well
12/2017
85%
12/2018
88%
12/2019
80%

Education level index

Objective
> 6.1
12/2017
6.2
12/2018
6.3
12/2019
6.3
Strategic guideline

11. The Bank of Finland cares for the long-term wellbeing of its staff.

Leadership index exceeds external benchmark group result

Objective
2017: ≥ 3.8; 2018: ≥ 3.7; 2019: ≥ 71.4 *Change in personnel survey provider and rating scale.
12/2017
3.9
12/2018
3.8
12/2019
70.8*

Employee satisfaction index exceeds external benchmark group result

Objective
2017: ≥ 3.5; 2019: ≥ 70.6 *Change in personnel survey provider and rating scale.
12/2017
3.6
12/2018
-
12/2019
70.9

Proportion of the minority gender relative to the total number of supervisory staff

Objective
Rising trend
12/2017
36%
12/2018
34%
12/2019
42%

Sick leave absences

Objective
Below 3.5%
12/2017
2.6%
12/2018
3.3%
12/2019
2.4%