Application of Circular 1/2025 to the balance sheet statistics of Other Monetary Financial Institutions (OMFIs)

As of the April 2026 data, the balance sheet statistics for OMFs incorporate the effect of the application of Circular 1/2025 (BOE of December 29, 2025).

This circular, which amends Rule 52 of Circular 4/2017, introduces the category “advances other than loans,” defined as short-term financial assets that do not accrue interest and carry negligible credit risk, including interest-free payroll and pension advances. Consequently, this item is no longer included in the “Loans to households—other lending” category and is now recorded under “Other assets.”

The amount in question, estimated at around €10 billion as of April 2026, is reclassified from “Loans to households—other lending” to “Other assets.” The change is reflected in the data in the following two tables: “Other MFI loans and credits to other resident sectors and other general government in the euro area, by sub-sector” (table 8.17) and “Other MFI loans and credits to non-financial corporations households and NPISH resident in Spain” (table 8.18).