Within the overall changes made in the National Bank of the Republic of Macedonia organizational structure, the supervision organizational layout was subjected to changes when the supervisory function was separated from the regulatory one, by establishing two separate departments within the National Bank of the Republic of Macedonia:  Supervision Department and Banking Regulation Department.

The Supervision Department is responsible for direct implementation of the supervisory function, that is for implementation of the function of granting licenses to banks and savings houses, on-site supervision and off-site supervision of their operations and for undertaking corrective measures against institutions identified to suffer certain problems, irregularities and non-compliance with the regulations. This Department is composed of 4 divisions:

• Division of On-site Supervision - organizing and conducting on-site supervision of the operations of the banks and the savings houses in the Republic of Macedonia, i.e. supervision of the operations of the banks and the savings houses by having a direct insight into their documentation;
• Division of Off-site Supervision - permanent off-site monitoring of the operations of the banks and the savings houses by collecting, analyzing and verifying the reports submitted to the National Bank of the Republic of Macedonia;
• Division of Banks Under Enhanced Monitoring - intensive and continuous monitoring of the operations of the banks facing severe problems in their operations and against which urgent corrective action is undertaken in order to get their operations back on track;
• Division of General Supervisory Operations - implementation of the licensing procedure of the banks and the savings houses, undertaking corrective measures for overcoming the identified non-compliance and irregularities in their operations, as well as engagement in the procedures for revoking the issued licenses and approvals;
• Division of Banks and Savings Houses Control;
• Division of Non-Banking Institutions Control;
• Division of General Foreign Exchange Operation.

The Banking Regulations Department is a driving force of the activities related to the establishment and improvement of the banking supervision regulatory framework, advancement of the supervisory practices and following of the international standards in the banking and the supervision. Also, this Department is responsible for analyzing the financial stability which is also a new activity of the National Bank of the Republic of Macedonia. The Banking Regulations Department consists of two divisions in charge of the implementation of the following basic functions of this Department:

• Methodology Division - operational implementation of the regulatory function, including establishment and application of the accounting framework of the banks and the savings houses;
• Financial Stability Analysis Division - analysis of the stability of the banking and the overall financial system, definition, development, implementation and analysis of financial stability indicators and monitoring of the systemic risks in the banking sector, as well as analysis of other segments directly affiliated with the stability of the banking and the overall financial system.