Bank of Finland’s indicator targets and their achievement in 2023
The Bank of Finland is an influential and respected central bank
Guiding principle
1. We create added value through expertise, insightful solutions and confidence-building cooperation.
Public survey on the Bank of Finland’s reputation and on public confidence in the Bank
- Objective
- > 75% of Finns have confidence in the Bank of Finland
- 12/2021
- New indicator
- 12/2022
- 83%
- 12/2023
- 86%
Guiding principle
2. We base our statements and decisions on knowledge, research and high-quality analysis.
Quality-weighted volume of research activities. Quality-weighted index of peer-reviewed articles.
- Objective
- ≥ 32
- 12/2021
- 56
- 12/2022
- 41
- 12/2023
- 41
Guiding principle
3. We participate in social discourse, reach our stakeholders and engage in constructive dialogue in Finland and the Eurosystem.
The visibility and effectiveness index of the Bank of Finland’s media output (Euro & talous media index)
- Objective
- ≥ 4
- 12/2021
- 4.6
- 12/2022
- 4.6
- 12/2023
- 4.2
The Bank of Finland maintains price and financial stability in all circumstances
Guiding principle
4. We provide advanced and reliable central bank services for the changing needs of Finnish society.
TARGET services and collateral management
- Objective
- ≥ 93% of respondents satisfied
- 12/2021
- Modified indicator
- 12/2022
- 100%
- 12/2023
- 100%
Statistics users and reporters
- Objective
- ≥ 80% of respondents satisfied
- 12/2021
- Modified indicator
- 12/2022
- 91%
- 12/2023
- 81%
Professional cash handlers
- Objective
- ≥ 75% of respondents satisfied
- 12/2021
- Modified indicator
- 12/2022
- 90%
- 12/2023
- 95%
General availability of cash
- Objective
- 80% of consumer survey respondents satisfied
- 12/2021
- 89%
- 12/2022
- 91%
- 12/2023
- 90%
Guiding principle
5. We ensure operational continuity by preparing for changes, disruptions and crises.
Reserve fund + reserves relative to the assessed balance sheet risks.
- Objective
- We accumulate reserves to achieve a sufficiently strong balance sheet under all circumstances.
- 12/2021
- EUR 6,807 million
- 12/2022
- EUR 6,622 million
- 12/2023
- EUR 5,650 million
Number of severe disruptions. Extensive disruptions or system disturbances to critical business operations affecting the Bank of Finland or the Financial Supervisory Authority and lasting longer than one hour.
- Objective
- 0
- 12/2021
- 0
- 12/2022
- 0
- 12/2023
- 0
Guiding principle
6. We develop our expertise and working practices on a long-term basis and with an eye to the future.
Our management index surpasses the outcomes of external peer groups.
- Objective
- ≥ 73.0
- 12/2021
- 73.4
- 12/2022
- 75.2
- 12/2023
- 74.5
Our job satisfaction index surpasses the outcomes of external peer groups.
- Objective
- ≥ 72.3
- 12/2021
- 73.6
- 12/2022
- Measurement every second year
- 12/2023
- 74.5
Annual implementation of individual development plans
- Objective
- Over 80% of plans implemented well
- 12/2021
- 80%
- 12/2022
- 72%
- 12/2023
- 78%
The Bank of Finland promotes citizens' wellbeing
Guiding principle
7. We act responsibly and in accordance with the principles of sustainable development.
Carbon footprint, total emissions/operating expenditure of the Bank of Finland and the Financial Supervisory Authority
- Objective
- Downward trend
- 12/2021
- 98 kg carbon dioxide / EUR 1,000
- 12/2022
- 77 kg carbon dioxide / EUR 1,000
- 12/2023
- 48 kg carbon dioxide / EUR 1,000
Observance of the UN Principles for Responsible Investment
- Objective
- Areas for improvement based on PRI reporting and/or the assessment framework and integrated with the action planning process
- 12/2021
- –
- 12/2022
- Areas for improvement integrated with the action plans.
- 12/2023
- Principles complied with.
Guiding principle
8. We carry out our activities effectively and efficiently, maintaining stable profit distribution to the State without jeopardising the Bank’s capital adequacy.
Distributed profit to the State
- Objective
- Predictable profit distribution
- 12/2021
- EUR 26.3 million
- 12/2022
- EUR 0
- 12/2023
- EUR 0
Interest income on foreign reserves above the average central bank interest (5-year average) on the currencies in the currency reserve
- Objective
- > 0%
- 12/2021
- 0.8%
- 12/2022
- –0.15%
- 12/2023
- –0.20%
Return on long-term investment above the EUR central bank interest rate
- Objective
- > 0%
- 12/2021
- –
- 12/2022
- New indicator
- 12/2023
- 4.93%
Combined full-time equivalent of permanent, fixed-term and temporary staff
- Objective
- 2023: ≤ 398
- 12/2021
- 376
- 12/2022
- 375
- 12/2023
- 379
Aggregate departmental operational expenditure
- Objective
- 2023: ≤ EUR 98 million
- 12/2021
- –
- 12/2022
- Calculation method changed
- 12/2023
- EUR 92 million
Guiding principle
9. We promote citizens’ knowledge of the economy, the Bank of Finland and the Eurosystem by providing understandable information.
Number of visits to the Bank of Finland Museum incl. participation in virtual events
- Objective
- Upward trend
- 12/2021
- –
- 12/2022
- 10535
- 12/2023
- 12154
Time spent on the Bank of Finland’s websites
- Objective
- Average duration of visit ≥ 1 minute
- 12/2021
- 1 minute 06 seconds
- 12/2022
- 1 minute 43 seconds
- 12/2023
- 1 minute 44 seconds
Engagement rate for social media posts (X)
- Objective
- ≥ 3%
- 12/2021
- 1.5%
- 12/2022
- 2.2%
- 12/2023
- 2.1%