Financial Accounts of Financial Corporations

06. March

Q4/2023

Total financial assets of the financial institutions stood at 19,606.3 b.kr., at the end of 4th quarter of 2023, an increase of 392.4 b.kr. from the last quarter. The main changes between quarters are that shares and other equity increased by 438.5 b.kr and currency and deposits decreased by 118.8 b.kr. Total liabilities of financial corporations amounted to 19,768.4 b.kr and increased by 391.0 b.kr. in the quarter. The main changes are a decrease in securities other than shares by 97.0 b.kr. and an increase in Insurance technical reserves by 422.9 b.kr., net financial liabilities amounted to 162.1 b.kr. at the end of 4th quarter of 2023.
Households’ loans from Financial Corporations at the end of 4th quarter of 2023 stood at 3,044.2 b.kr. thereof 2,581.3 b.kr. in mortgage loans. Non-financial corporations’ loans from Financial Corporations stood at 2,365.4 b.kr. Non-financial Corporations’ securities owned by Financial Corporations stood at 491.8 b.kr. at the end of 4th quarter of 2023.

The financial accounts are published as a total balance sheet for financial corporations but also by sectors and counter parties.
Time series are published for all financial corporations and also by sectors. The time series for non-financial corporations´ debt to financial corporations show the debts classified by type of lenders and by type of loans. It also includes non-financial corporations´ securities owned by financial corporations. The time series for household debts show the debts classified by lenders and by type of loans. It also includes mortgage loans classified by type.
The financial accounts are published according to the European System of Accounts (ESA2010) and The International Monetary Fund´s standard for monetary and financial statistics.
Statistics Iceland publishes Financial Accounts for all sectors on its website.

Financial Accounts on Statistics Iceland website



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