Publishing of detailed balance sheets for the banking sector
Due to the financial crash in Iceland in October 2008, the CBI has not been able to publish detailed balance sheets for the banking sector. Work is being done to catch up with the balance sheets from October 2008 to April 2010. The Central Bank is now publishing preliminary balance sheets for December 2008 and December 2009 in full detail.
The information is based on data from DMBs. However, valuation of assets is still subject to uncertainty and the data must be considered as preliminary and subject to change until a more reliable valuation becomes available.
The total assets of the DMBs in December 2009 amounted to 2,956 b.kr., as compared with 14,895 b.kr. in September 2008. Loans and receivables amounted to 70% of assets at year-end 2009.