Financial Assets of Financial Corporations
Total financial assets of the financial institutions stood at 15,073 b.kr., at the end of 4th quarter of 2019. The main changes between quarters are that currency and deposit increased by 14.1 b.kr., securities other than shares decreased by 115.9 b.kr., and shares and other equity increased by 228.0 b.kr. Total liabilities of financial corporations amounted to 15,204 b.kr. Net financial liabilities amounted to 130.9 b.kr. at the end of 4th quarter 2019.
The financial accounts have been updated and the main changes are the following:
• From 4th quarter 2016, captive financial institutions (S.127) are added to the financial accounts. The financial accounts now cover the whole financial sector as defined by ESA2010.
• 4 financial corporations which were categorized as other financial intermediaries in winding-up proceedings are from December 2015 categorized as other financial corporations.
• From 1st quarter 2009 securities corporations and microcredit companies are added to the sector.
• From 1st quarter 2009 financial auxiliaries are added to the financial accounts. They are included in other financial corporations.
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.