Financial education

Financial education can be defined as the process through which consumers/investors improve their knowledge about financial products, concepts, risks, and through information, trainings and/or objective counseling, acquire skills, confidence about financial risks and possibilities. Financial education enables them to make choices with the informations they have, points them where to ask for help, and undertake other effective activities for improving their financial welfare. That way, financial education offers more than providing financial information and advices, which should be regulated, as it is often the case, especially for protection of financial clients (so-called consumers).

The Financial Education Project of the National Bank provides: organizing national and international events dedicated to financial education and literacy; making instructive educational materials (brochures, leaflets, manuals, books, comics) in which several aspects of the economic sphere are elaborated:   the central bank, its role and functions, key financial institutions, economic terms, saving, financial products, as well as protection of the financial service users; cooperation with international institutions and organizations which are dedicated in building policies for financial inclusion and education and drafting strategic documents.