Definition
An institutional grouping used to designate the set of financial entities considered to be money creators. Their main activity consists of accepting deposits or close substitutes and granting loans or investing in securities on their own account. In the euro area, monetary financial institutions are composed of the Eurosystem (European Central Bank and national central banks) and other monetary financial institutions. This term was coined by the Eurosystem.
Further information
In the context of the Spanish economy, monetary financial institutions are composed of —with the corresponding code for economic sectorisation according to ESA 2010 in parentheses—:
- Banco de España (S.121)
- Deposit-taking corporations except the Bank of Spain (S.122)
- Money market funds (S.123)
Institutional groupings used in the monetary analysis tables.
Related concepts
- Banco de España
- Other Monetary Financial Institutions
- European Central Bank
- Eurosystem
- National central banks
Links to data tables
Update date: May 2025
