The financial accounts for Q2/2022, which were published on 6 September, have now been re-published with updated figures. The discrepancy in the previous publication was due for the most part to the fact that the most recent quarterly data on captive financial institutions and money lenders were based on a newer balance sheet base than data for previous quarters had been. The re-publication takes account of the most recent data, and previous periods have been updated accordingly.
A more detailed description of the methodology for financial accounts and captive financial institutions and money lenders (pp 4-5) can be found in the metadata for financial institutions’ financial accounts.
Total financial assets of the financial institutions stood at 18,264 b.kr., at the end of 2nd quarter of 2022 and has decreased by 279,1 b.kr. from the 1st quarter 2022. The main changes between quarters are that shares and other equity decreased by 308 b.kr. and securities other than shares decreased by 220.7 b.kr. Total liabilities of financial corporations amounted to 18,444.6 b.kr and has decreased by 276.8 b.kr. from the 1st quarter 2022. The main changes are currency and deposits increased by 85 b.kr. and Insurance technical reserves decreased by 259.6 b.kr. Net financial liabilities amounted to 180.4 b.kr. at the end of 2nd quarter of 2022.
Households’ loans from Financial Corporations at the end of 2nd quarter of 2022 stood at 2,796.1 b.kr. thereof 2,319.4 b.kr. in mortgage loans. Non-financial corporations’ loans from Financial Corporations stood at 2,190.9 b.kr. Non-financial corporations’ securities owned by Financial Corporations stood at 464.7 b.kr. at the end of 2nd quarter of 2022.
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.
Financial Accounts on Statistics Iceland website
See more detailed data for Financial Accounts of Financial Corporations in the Databank
Inquiries can be sent to adstod@sedlabanki.is