Date: 2025-07-14Category: Not ApplicableState: Union GovernmentCountry: Europe
Council Decision (EU) 2025/1412 of 8 July 2025 amending Decision 1999/70/EC concerning the external auditors of the national central banks, as regards the external auditors of Hrvatska narodna banka
**Summary:**
Council Decision (EU) 2025/412, issued on July 8, 2025, amends Decision 1999/70/EC regarding the external auditors of national central banks, specifically concerning Hrvatska narodna banka (the Croatian National Bank). This decision follows a recommendation from the European Central Bank (ECB) on May 12, 2025 (ECB/2025/151). The key provision of the decision is the approval of Ernst & Young d.o.o. as the external auditors of Hrvatska narodna banka for the financial years 2025 to 2027, replacing KPMG Croatia d.o.o., whose mandate concluded after the 2024 audit. The decision, based on Article 27.1 of Protocol No. 4 of the Treaty on European Union and the Treaty on the Functioning of the European Union, takes effect upon notification and is addressed to the European Central Bank. The legal basis for the decision is outlined in OJ L 22, 29.1.1999, p. 69, ELI: http://data.europa.eu/eli/dec/1999/70/oj.
Key Entities Referenced
European Union: A political and economic union of member states located primarily in Europe.
Council of the European Union: A body composed of government ministers from each EU member state.
European Central Bank: The central bank of the Eurozone, responsible for monetary policy.
Hrvatska narodna banka: The central bank of Croatia.
KPMG Croatia d.o.o.: The previous external auditor of Hrvatska narodna banka.
Ernst Young d.o.o.: The newly appointed external auditor of Hrvatska narodna banka for the financial years 2025 to 2027.
Decision 1999/70/EC: A Council Decision concerning the external auditors of the national central banks.
Brussels: The city where the Council Decision was adopted.
Official Journal EN
of the European Union L series
2025/1412 14.7.2025
COUNCIL DECISION (EU) 2025/1412
of 8 July 2025
amending Decision 1999/70/EC concerning the external auditors of the national central banks, as
regards the external auditors of Hrvatska narodna banka
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to Protocol No 4 on the Statute of the European System of Central Banks and of the European Central Bank,
annexed to the Treaty on European Union and the Treaty on the Functioning of the European Union, and in particular
Article 27.1 thereof,
Having regard to the Recommendation of the European Central Bank of 12 May 2025 to the Council of the European
Union on the external auditors of Hrvatska narodna banka (ECB/2025/15)(1),
Whereas:
(1) The accounts of the European Central Bank (ECB) and of the national central banks of the Member States whose
currency is the euro are to be audited by independent external auditors recommended by the Governing Council of
the ECB and approved by the Council of the European Union.
(2) The mandate of the external auditors of Hrvatska narodna banka, KPMG Croatia d.o.o., ended following the audit for
the financial year 2024. It is therefore necessary to appoint external auditors from the financial year 2025 onwards.
(3) Hrvatska narodna banka has selected Ernst & Young d.o.o. as its external auditors for the financial years 2025 to
2027.
(4) The Governing Council of the ECB has recommended that Ernst & Young d.o.o. be appointed as the external
auditors of Hrvatska narodna banka for the financial years 2025 to 2027.
(5) Following the recommendation of the Governing Council of the ECB, Council Decision 1999/70/EC(2) should be
amended accordingly,
HAS ADOPTED THIS DECISION:
Article 1
In Article 1 of Decision 1999/70/EC, paragraph 20 is replaced by the following:
‘20. Ernst & Young d.o.o. are hereby approved as the external auditors of Hrvatska narodna banka for the financial years
2025 to 2027.’.
Article 2
This Decision shall take effect on the date of its notification.
Article 3
This Decision is addressed to the European Central Bank.
Done at Brussels, 8 July 2025.
For the Council
The President
S. LOSE
(1) OJ C, C/2025/2935, 21.5.2025, ELI: http://data.europa.eu/eli/C/2025/2935/oj.
(2) Council Decision 1999/70/EC of 25 January 1999 concerning the external auditors of the national central banks (OJ L 22,
29.1.1999, p. 69, ELI: http://data.europa.eu/eli/dec/1999/70(1)/oj).
ELI: http://data.europa.eu/eli/dec/2025/1412/oj 1/1