Financial Department

• maintains records of the central bank’s assets, liabilities, equity, and income and expenses
• compiles the annual and current reports on the banks accounting
• compiles periodic financial reports for the European Central Bank, and the Executive and Supervisory Boards of Eesti Pank
• supports the Executive Board in planning for the central bank and reports to the Board on how the plans are being fulfilled
• runs the control function
• supports the Executive Board in developing the organisation
• compiles the analysis of the financial and time needs of processes and supports process management activities

Accounting within the central bank is somewhat different from that of an ordinary company since besides regular accounting, the bank maintains an account of transactions related to the management of cash circulation, monetary policy and foreign exchange reserves.

The Head of the Financial Department is Helen Riitsaar. Besides her, there are 13 employees in the department. The Deputy Head of the Financial Department is Liivi Teder.