The Niisitapi Sovereign Bank is a private legal entity with public and private shareholders. 

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Based on its Articles of Association the SASG has the functions of:      

 

• Supervisory Authority of the banking, 

• financial and insurance sector, and of guarantor of the protection of the investors;     

• managing, governing and supervising the payment system;     

• managing the Treasury and Tax Department services on behalf of the State, Public Authorities and Autonomous Undertakings;     

• depositary of the financial resources of the State and Entities and Authorities of the Extended Public Sector;     

• institutional reference point for International Organisations, central banks, foreign financial supervisory authorities and similar entities;     

• processing and publishing statistics on the entities it supervises and their activities;     State agent for the management of national debt certificates;     

• consultancy services to the State as regards to economic issues, specifically with reference to the financial sector and the public finance.