Statistics

Changes in the tables of financial corporations statistics

June

08/06/2016 -

Monetary financial institutions, Banco de España y Other monetary financial institutions

From this month onwards, the information provided in these chapters will be reorganised and extended. The main reason for these changes is the entry into force of Regulation (EU) No 1071/2013 of the European Central Bank concerning the balance sheet of the monetary financial institutions sector and its subsequent transposition into Spanish law through Circular 4/2004 (amended for these purposes by Circular 5/2014 of 28 November 2014).

As well as reorganising and renumbering the tables, which from now on will –excepting the summary tables in each chapter– be published in Eur billions for easier reading, new information will be available on the items below:

  • Syndicated loans to residents in Spain by counterpart sector;
  • Convenience and extended debt credit cards;
  • Transferable deposits by counterpart sector;
  • Further details on counterpart sectors and instruments.

    May

    02/05/2016 -

    Interest rates (excluding those published in financial markets chapters)

    From this month onwards, the information provided in this chapter on interest rates applied by Monetary Financial Institutions to loan and deposit transactions vis-à-vis households and PNPISHs  and non-financial corporations will be reorganised and extended. The reason for these changes is the entry into force of Regulation (EU) No 1072/2013 of the European Central Bank of 24 September 2013 and its subsequent transposition into Spanish law through Circular 1/2010 (amended for these purposes by Circular 5/2014 of 28 November 2014).

    As well as reorganising and renumbering the tables, from now on new information will be available on the items below.

    • Extended credit card credit. Note that in this case, as in the case of "overdrafts and credit facilities", the amount deemed new business is the total balance outstanding at month-end, irrespective of the time when the credit arises.
    • Lending to sole proprietors.
    • The ranges of amounts for which information is provided on loans to non-financial corporations are extended.
    • Information is included on the interest rates on loans by residual maturity.
    • Finally, information is added on renegotiated loans, which are new business that does not represent an increase in the credit available to the private sector (i.e., they are operations which were already on the institution’s balance sheet for which the contractual conditions have changed with the active involvement of the debtor) (see Tables 19.3 and 19.11).

    February

    08/02/2016 -

    Banco de España

    With effect from this update, the following changes are included in this chapter: tables 7.14 and 7.15 on peseta banknotes and coins in circulation are eliminated and tables 7.16 and 7.17 on banknotes distributed less banknotes withdrawn and euro coins placed in circulation are modified.

    The elimination of the peseta-related tables is because they are obsolete since there has been no change since February 2002. In any event, it should be noted that in tables 7.16 and 7.17 there is a memorandum item of the amount of peseta banknotes and coins which have still not been returned to the Banco de España.

    The columns relating to the amount by denomination have been eliminated from Tables 7.16 and 7.17 on banknotes distributed less banknotes withdrawn and euro coins placed in circulation. This information was redundant since the denomination and the number of banknotes give the amount in question. The explanatory notes to these tables were also updated for greater simplicity in the section "Notes to the tables of chapter 7".

    Similarly, table 7.16 does not include the euro banknotes which are actually in circulation in Spain but the banknotes placed in circulation in net terms by the Banco de España. This means that it includes the banknotes for each denomination which left the Banco de España, less those which returned to the Banco de España. Consequently, for certain banknote denominations, the net amount placed in circulation may be negative in so far as the Banco de España has withdrawn banknotes placed in circulation by another central bank in the Eurosystem. In the case of Spain, this effect is significant, among other reasons, due to high tourist inflows into Spain.

    It is also important to underline that this figure is different to that for banknotes issued in the balance sheets of national central banks in the Eurosystem. The balance sheet includes the figure corresponding to each central bank based on its share in the ECB’s paid-in capital (less 8% of the banknotes which are recorded in the ECB’s own balance sheet). The difference between these two figures – that in the balance sheet (published in table 7.2) and that of banknotes placed in circulation in net terms (disseminated in table 7.16) – is recorded as a claim/liability within the Eurosystem in relation to banknote issuance.