MFI balance sheet statistics compiled by the Bulgarian National Bank

Daniela DobrevaDaniela Dobreva

Monetary and Banking Statistics DivisionMonetary and Banking Statistics Division

Statistics DirectorateStatistics Directorate

Bulgarian National BankBulgarian National Bank

Dobreva.D@bnbank.orgDobreva.D@bnbank.org

33 OctoberOctober 201 20133

Content

1. Statistics Directorate of the BNB

2. Legal framework

3. BSI data collection process at the BNB

4. Required breakdowns

5. Compilation of flow statistics

6. Monthly BSI data dissemination

2

1. Statistics Directorate of the BNB1. Statistics Directorate of the BNB

Main responsibilities of the Statistics DirectorateMain responsibilities of the Statistics Directorate

Organisational structure of the Statistics DirectorateOrganisational structure of the Statistics Directorate

Monetary and Banking Statistics DivisionMonetary and Banking Statistics Division

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To prepare and provide statistical information to the users in accordance

with the approved formats and deadlines;

To prepare and provide statistical information to the Governing Council

and to the different structures of the bank;

To prepare and provide statistical information to the ECB, Eurostat, IMF

(incl. Special Data Dissemination Standard (SDDS)) and other international

financial institutions;

To develop and improve the applied statistical methodologies in

accordance with the international standards and national legislation;

Main responsibilities of the Statistics Directorate 1/2

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To participate in statistical working groups and committees of ECB and

Eurostat as well as to contribute to the discussions regarding proposed

amendment of current methodologies and the preparation of new ones;

To participate in the National Statistical Council, where statistical bodies

are presented;

Main responsibilities of the Statistics Directorate 2/2

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Organisational structure of the Statistics directorate (as of September 2013)

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Monetary and banking statistics division is mainly responsible for:

Monetary statistics;

Deposits and loans by economic activities and amount categories;

Interest rates statistics;

Long term interest rate for convergence assessment purposes;

Lease activity statistics;

Corporations specializing in lending statistics;

Statistics on insurance, reinsurance and health insurance companies;

Statistics of financial vehicle corporations (FVCs) engaged in securitisation;

Monetary and banking statistics division 1/2

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Register of financial institutions (RIAD);

Payment statistics (in cooperation with Bank Policy Directorate);

Consolidated banking statistics (in cooperation with Macro-prudential

Analysis and Strategy Directorate);

Statistics on electronic money;

Other.

Investment funds statistics and Security issues and holdings statistics are

also compiled by the Statistics directorate under the responsibilities of

the Balance of payments and external debt statistics division.

Monetary and banking statistics division 2/2

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2. Legal framework2. Legal framework

Legal framework for statistical data collectionLegal framework for statistical data collection

European statistical standards and legal base for the compilation of European statistical standards and legal base for the compilation of

BSI statisticsBSI statistics

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Article 5 of the Statute of the ESCB and of the ECB:

Collection of statistical information

5.1. In order to undertake the tasks of the ESCB, the ECB, assisted

by the national central banks,shall collect the necessary statistical information either from the competent national authorities or directly from economic agents. For these purposes it shall cooperate with the Union institutions, bodies, offices or agencies and with the competent authorities of the Member States or third countries and with international organisations.

5.2. The national central banks shall carry out, to the extent possible, the tasks described in Article 5.1.

Legal framework for statistical data collection 1/4

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Collection of statistical information (cont’d)

5.3. The ECB shall contribute to the harmonisation, where necessary, of the rules and practices governing the collection, compilation and distribution of statistics in the areas within its fields of competence.

5.4. The Council, in accordance with the procedure laid down in Article 41, shall define the natural and legal persons subject to reporting requirements, the confidentiality regime and the appropriate provisions for enforcement.

Legal framework for statistical data collectionfor statistical data collection 2/4

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Council Regulation № 2533/98 concerning the collection of statistical information by the European Central Bank (amended by Council Regulation

№ 951/2009):

Article 1 (1): The ECB’s statistical reporting requirements’ shall mean the statistical information which reporting agents are required to provide and which is necessary for the tasks of the ESCB to be performed.

Article 4: Member States shall organise themselves in the field of statistics

and shall fully cooperate with the ESCB in order to ensure the fulfilment of

the obligations arising out of Article 5 of the Statute.

Legal framework for statistical data collection for statistical data collection 3/4

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Law on the Bulgarian National Bank:

Article 42: The Bulgarian National Bank shall compile the balance of

payments, monetary and interest rate statistics, as well as financial account

statistics of Bulgaria. For this purpose, all government and municipal

authorities, as well as legal entities and physical persons, shall provide

information to the Bulgarian National Bank in accordance with a procedure

established by the Bulgarian National Bank.

Legal framework for statistical data collection for statistical data collection 4/4

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1. European System of Accounts (ESA’95) and System of National Accounts (SNA’93).

2. Regulation (EC) No 2423/2001 of the European Central Bank (November 2001)

concerning the consolidated balance sheet of the monetary financial institutions sector

(ECB/2001/13) as recast in ECB/2008/32;

3. Guideline of the ECB (August 2007) on monetary, financial institutions and markets

statistics (recast)  (ECB/2007/9)(amended by ECB/2008/31; ECB/2009/23);

4. Manual on MFI Balance Sheet Statistics (April 2012) ;

5. Monetary Financial Institutions and Markets Statistics Sector Manual (March 2007) .

European statistical standards and legal base for the compilation of European statistical standards and legal base for the compilation of monetary monetary statistics 1/2

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In the field of monetary statistics the implementation of the following requirements

is forthcoming in January 2015:

1.System of National Accounts 2008;

2.European System of Accounts 2010;

3.Regulation (EC) No xx/2013 of the European Central Bank concerning the

consolidated balance sheet of the monetary financial institutions sector

(ECB/2013/xx);

4.Guideline of the ECB (ECB/2013/xx) on monetary, financial institutions and

markets statistics (currently under preparation);

European statistical standards and legal base for the compilation of European statistical standards and legal base for the compilation of monetary monetary statistics 2/2

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3. BSI data collection process at the BNB3. BSI data collection process at the BNB

Reporting population – Monetary financial institutions (MFIs)Reporting population – Monetary financial institutions (MFIs)

Data receptionData reception

Quality checksQuality checks

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MFIs comprise resident credit institutions as defined in Community law, or another resident financial institutions whose business is to receive deposits and/or close substitutes for deposits from entities other than MFIs and, for their own account (at least for economic terms), to grant credits and/or make investments in securities. (Regulation ECB/2008/32, Article 1).

Substitutability of deposits is determined by the liquidity of the liability instrument concerned, combining characteristics of transferability, convertibility, certainty and marketability, and having regard, where appropriate, to their term of issue.

Detailed information on these characteristics is included in Regulation ECB/2008/32, Annex I, Part I).

Bulgarian National Bank collects monetary statistics data from the census of reporting agents, i.e. no grossing-up is performed due to cutting-off the tail as a result of derogations granted to reporting agents.

Reporting population – Monetary financial institutions (MFIs) 1/2Reporting population – Monetary financial institutions (MFIs) 1/2

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* Number of the Bulgarian MFIs as of September 2013* Number of the Bulgarian MFIs as of September 2013

Reporting population – Monetary financial institutions (MFIs) 2/2Reporting population – Monetary financial institutions (MFIs) 2/2

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1. The reporting agents provide to the BNB aggregated checked data in

accordance with a predefined calendar:

Monthly data – balance sheet items (BSI) stocks and flows data - by the

7th working day of the month following the reporting period;

Quarterly data – stocks data on deposits and loans by amount category

and economic activity and geographical breakdown of the non-resident

sector - by the 15th working day of the month following the reporting

quarter.

Data reception 1/2

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2. The data are reported via established secured Virtual private network (VPN) between the

BNB and the reporting agents thus ensuring protection of the provided information;

3. After basic syntactical checks are performed (files are complete and meet predefined

technical format) the data are directly loaded to the monetary statistics information system;

4. When loaded the provided reporting forms are automatically checked for internal

consistency and for consistency between them. This stage also includes cross-checks

between forms with different frequencies. These checks are provided in advance to the

reporting agents in order to run the checks prior to data submission to the BNB;

5. Reporting agent monitor the status of processing of the provided data via web based portal.

Data reception 2/2Data reception 2/2

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In the next 5 working days following the reception of the data provided by

the reporting agents the division performs further quality control in

addition to the linear checks automatically processed by the IT system:

Analysis of the evolution of the series and the development of each

indicator;

Checking plausibility of the latest figure in terms of changes in behavior

and outliers detection;

Analysis the data based on the available additional information;

Etc.

Quality checks 1/2

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In case that there are significant changes in particular indicator or specific

development of a time series the reporting agents are obliged to provide

simultaneously with the data transmission additional information about the

reasons behind series evolution via the IT system;

If the provided explanation is deemed not sufficient the monetary statistics’

experts require further information from the reporting agents in order to verify the

plausibility of the data (either via the IT system or via phone call);

The information needed shall be provided by the reporting agents in between the 5

w.d. following the initial reception of the data. This deadline also applies to the

provision of any amendments to the data occurred as a result of the performed

quality control.

Quality checks 2/2Quality checks 2/2

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4. Required breakdowns4. Required breakdowns

Instrument categories and maturity bandsInstrument categories and maturity bands

CounterpartiesCounterparties

Currency structureCurrency structure

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Instrument categories and maturity bands

1.1. Purpose - these breakdowns are collected in order to identify Purpose - these breakdowns are collected in order to identify M3 components M3 components and and counterparts.counterparts.

2.2. Instrument categories Instrument categories into which the reporting agents shall place the financial instruments into which the reporting agents shall place the financial instruments found at national level are described in Regulation ECB/2008/32, Annex I, Part 8.found at national level are described in Regulation ECB/2008/32, Annex I, Part 8.

3.3. Maturity bands refer to the Maturity bands refer to the original maturity original maturity of the instrument.of the instrument.

4.4. Valuation rules – main characteristics:Valuation rules – main characteristics: All financial assets and liabilities are reported on a All financial assets and liabilities are reported on a gross basis gross basis – netting of assets and – netting of assets and

liabilities is not allowed;liabilities is not allowed; Deposits and loans shall be reported at Deposits and loans shall be reported at nominal amount nominal amount outstanding at the end of the outstanding at the end of the

month;month; Loans may be reported at Loans may be reported at less than nominal value less than nominal value in case they have been written off or in case they have been written off or

written down;written down; Securities are to be reported at Securities are to be reported at market valuemarket value;; Differences with ESA’95 Differences with ESA’95 exist – for example recording of accrued interest.exist – for example recording of accrued interest.

    

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Instrument categories and maturity bands – further breakdowns for selected instruments

In addition to the main instrument and maturity breakdowns Regulation ECB/2008/32 requires further detailisation In addition to the main instrument and maturity breakdowns Regulation ECB/2008/32 requires further detailisation

of some balance sheet positions. For example:of some balance sheet positions. For example:1. 1. Loans: Loans:

• information for information for syndicated loanssyndicated loans, , revolving loans revolving loans and and overdraftoverdrafts, s, convenience and extended credit card creditconvenience and extended credit card credit and and

loans backed by real estate collateralloans backed by real estate collateral;;

• loans granted to sector loans granted to sector Households and NPISH Households and NPISH are broken down by the are broken down by the purposepurpose of the loan into of the loan into consumer loansconsumer loans, ,

loans for house purchasesloans for house purchases, , other loanother loans (loans to sole proprietors and unincorporated partnerships are also included);s (loans to sole proprietors and unincorporated partnerships are also included);

• original maturity bands of the loans are further broken down into original maturity bands of the loans are further broken down into remaining maturity remaining maturity and and interest rate reset interest rate reset

(example: loans with original maturity over 1 year, o/w with remaining maturity of less than one year and interest (example: loans with original maturity over 1 year, o/w with remaining maturity of less than one year and interest

rate reset in the next 12 months).rate reset in the next 12 months).

2. 2. Debt securities issued Debt securities issued – o/w position of securities up to 2 years and nominal capital guarantee below 100 %.– o/w position of securities up to 2 years and nominal capital guarantee below 100 %.

    

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Counterparties 1/2

1.1. Purpose – the breakdown is required to separately identify:Purpose – the breakdown is required to separately identify:

Money issuing sector Money issuing sector – MFIs;– MFIs;

Money holding sector Money holding sector – General government (excl. Central government), Other – General government (excl. Central government), Other

financial institutions, Insurance corporations and pension funds, Non-financial financial institutions, Insurance corporations and pension funds, Non-financial

corporations, Households and NPISH.corporations, Households and NPISH.

2.2. Guidance for statistical classification of the customers of the MFIs is provided in the Guidance for statistical classification of the customers of the MFIs is provided in the

Money and banking statistics sector manual Money and banking statistics sector manual which follows classification principles which follows classification principles

that are consistent with ESA’95 that are consistent with ESA’95

    

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Counterparties 2/2

Residency of the counterpartiesResidency of the counterparties

Domestic residentDomestic resident

Euro area member statesEuro area member states

EU member states outside the euro areaEU member states outside the euro area

Resident of Resident of Rest of the world (RoW) Rest of the world (RoW) sector – outside the EUsector – outside the EU

Residency concept:Residency concept:

Resident Resident shall mean having a centre of economic interest in the economic territory of a shall mean having a centre of economic interest in the economic territory of a

country  (Regulation EC/2533/98, Article 1 and Regulation ECB/2008/32, Article 1)country  (Regulation EC/2533/98, Article 1 and Regulation ECB/2008/32, Article 1)

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In addition to the main counterparties’ breakdowns Regulation ECB/2008/32 requires further detailisation of selected positions In addition to the main counterparties’ breakdowns Regulation ECB/2008/32 requires further detailisation of selected positions

vis-à-vis vis-à-vis central counterpartiescentral counterparties and and financial vehicle corporations engaged in securitisation transactions (FVCs).financial vehicle corporations engaged in securitisation transactions (FVCs).

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Currency structure

For all relevant balance sheet indicators monthly amounts denominated in the following currencies For all relevant balance sheet indicators monthly amounts denominated in the following currencies

are reported by the MFIs:are reported by the MFIs:

Bulgarian Lev (BGN); Bulgarian Lev (BGN);

Euro (EUR);Euro (EUR);

Swiss Franc Swiss Franc (CHF);(CHF);

US Dollar US Dollar (USD);(USD);

Danish KroneDanish Krone (DKK);

Swedish Krona Swedish Krona (SEK);(SEK);

British Pound British Pound (GBP);(GBP);

Japanese Yen Japanese Yen (JPY);(JPY);

Other currencies.Other currencies.

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5. Compilation of flow statistics5. Compilation of flow statistics

Flow statistics – ESA’95 definitionsFlow statistics – ESA’95 definitions

Types of flow adjustmentsTypes of flow adjustments

Derivation of data on financial transactionsDerivation of data on financial transactions

Data on transactions compiled by the BNBData on transactions compiled by the BNB

Calculation of exchange rate adjustmentsCalculation of exchange rate adjustments

Types of reporting forms for the purpose of flows statisticsTypes of reporting forms for the purpose of flows statistics

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Flows

ESA’95 Para 1.31: The system records two basic kinds of information: The system records two basic kinds of information: flowsflows and and stocksstocks. Flows refer to actions and effects of events that take place . Flows refer to actions and effects of events that take place within a given period of time, while stocks refer to positions at a point within a given period of time, while stocks refer to positions at a point of time.of time.

ESA’95 Para 1.32: ESA’95 Para 1.32: Flows reflect the creation, transformation, exchange, Flows reflect the creation, transformation, exchange, transfer or extinction of economic value. They involve changes in the transfer or extinction of economic value. They involve changes in the value of an institutional unit’s assets or liabilities. Economic flows are value of an institutional unit’s assets or liabilities. Economic flows are of two kinds: of two kinds: transactionstransactions, and , and other changes in assetsother changes in assets. Transactions . Transactions appear in all accounts and tables where flows appear, except the other appear in all accounts and tables where flows appear, except the other changes in volume of assets account and the revaluation account. Other changes in volume of assets account and the revaluation account. Other changes in the assets appear only in these two accounts. changes in the assets appear only in these two accounts.

Flow statistics – ESA’95 definitions 1/3

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Financial transactions

ESA’95 Para 5.01: Financial transactions Financial transactions are transactions in financial assets are transactions in financial assets and liabilities between institutional units, and between them and the rest and liabilities between institutional units, and between them and the rest of the world. of the world.

ESA’95 Para 5.02: ESA’95 Para 5.02: ….. a financial transaction is an interaction between ….. a financial transaction is an interaction between institutional units, or between an institutional unit and the rest of the institutional units, or between an institutional unit and the rest of the world, by mutual agreement, involving a simultaneous world, by mutual agreement, involving a simultaneous creation or creation or liquidation liquidation of a financial asset and the counterpart liability, or a of a financial asset and the counterpart liability, or a change change in ownership in ownership of a financial asset, or an of a financial asset, or an assumptionassumption of a liability. of a liability.

Flow statistics – ESA’95 definitions 2/3

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Financial transactions

ESA’95 Para 5.09: The financial assets held and the liabilities outstanding at a The financial assets held and the liabilities outstanding at a particular point in time (of a sector or the rest of the world) are recorded particular point in time (of a sector or the rest of the world) are recorded in the balance sheet. Financial transactions in the balance sheet. Financial transactions result in changes in balance result in changes in balance sheetssheets. However, the changes between the opening balance sheet and the . However, the changes between the opening balance sheet and the closing balance sheet may also include closing balance sheet may also include other flowsother flows. They are not due to . They are not due to interactions between institutional units, or between them and the rest of interactions between institutional units, or between them and the rest of the world, by mutual agreement. The other flows are broken down into the world, by mutual agreement. The other flows are broken down into revaluationsrevaluations in financial assets and liabilities, and in financial assets and liabilities, and changes in the volume changes in the volume of financial assets and liabilities not due to financial transactions. The of financial assets and liabilities not due to financial transactions. The former are recorded in the revaluation account and the latter in the other former are recorded in the revaluation account and the latter in the other changes in the volume of assets account under the categories catastrophic changes in the volume of assets account under the categories catastrophic losses, uncompensated seizures, other volume changes in financial assets losses, uncompensated seizures, other volume changes in financial assets and liabilities n.e.c., and and liabilities n.e.c., and changes in classifications and structure. changes in classifications and structure.

Flow statistics – ESA’95 definitions 3/3

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Types of flow adjustments

1. Reclassifications

* an alteration in statistical coverage of the MFI population (inclusion or exclusion of MFIs if the business has been transferred into or out of the MFI sector);

* the reclassification of counterparties (for example: residency, privatisation) and of assets or liabilities (for example: if a loan becomes negotiable);

* reporting errors that have been corrected in the stocks only over a limited time range and effects of changes in structure - i.e. mergers, divisions and acquisitions, which usually leads to changes in valuation of financial instruments and involves some restructuring of reporting institutions.

2. Revaluation adjustments Write–offs and write downs of loans

Price revaluation adjustments of securities

3. Exchange rate adjustments

There are two approaches of obtaining data on financial transactions:

1. As a sum of all financial transactions concerning particular indicator for the reference reporting period (transactions method);

2. Derivation of financial transaction as a difference between stock positions at end of period reporting dates and then removing all changes that arise due to due to reasons other than transactions (balance sheet method) as:

Reclassifications; Revaluation adjustments; Exchange rate adjustments.

Derivation of data on financial transactions

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Data on transactions for indicators Securities, other than shares (assets and

liabilities) and Shares and other equity are directly reported by the

reporting agents to the BNB

For the rest of the balance sheet items financial transactions are calculated For the rest of the balance sheet items financial transactions are calculated

as follows:as follows:

TransTranstt = S = Stt – S – St-1t-1 – Recl – Recltt – WO – WOtt – – ERAERAtt

TransTranstt – – financial transactions during the reporting periodfinancial transactions during the reporting period;;

SStt – – stock as at the end of the reporting periodstock as at the end of the reporting period;;

SStt-1-1 – – stock as at the end of the previous reporting period stock as at the end of the previous reporting period;;

ReclRecltt – – reclassifications and other adjustments during the reporting periodreclassifications and other adjustments during the reporting period;;

WOWOt t –– write-offs/write-downs of loans during the reporting period write-offs/write-downs of loans during the reporting period;;

ERAERAtt –– exchange rate revaluations. exchange rate revaluations.

Data on transactions compiled by the BNB

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Exchange rate adjustments are calculated on the basis of the monthly currency structure of the balance sheet instruments provided by the reporting agents. The following formula is applied:

  

ERA - exchange rate adjustments;ERA - exchange rate adjustments;

C C – – currency, other than BGNcurrency, other than BGN;;

- exchange rate BGN- exchange rate BGN// ((at the end of period at the end of period tt););

- exchange rate BGN- exchange rate BGN// ((at the end of period at the end of period tt-1-1););

- exchange rate BGN- exchange rate BGN// ((average for the periodaverage for the period tt));;

- stock in currency C, denominated in BGN (at the end of period - stock in currency C, denominated in BGN (at the end of period tt););

- stock in currency C, denominated in BGN (at the end of period stock in currency C, denominated in BGN (at the end of period tt-1-1))..

Calculation of exchange rate adjustments

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11

1 .).

..(.)

.

..(

tt

ttt

t

tt CStkCBGN

CBGNCBGNCStk

CBGN

CBGNCBGNERA

tCBGN.

tCBGN

.

1. tCBGN

tC

1tC

tC

tCStk.

1. tCStk

Flows’ statistics reporting forms directly collected from the reporting agents

are divided into three major groups:

Net financial transactions with securities;

Write-offs/write-downs of loans;

Reclassifications.

Types of reporting forms for the purpose of flows statistics

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Financial transactions with securities are: issue, acquisition, sale, maturity, buy back and re-sale of securities. Exchange of one security with another, conversion of debt securities into equity securities are also treated as financial transactions;

Net financial transactions represents the difference between the value of all securities acquired/issued and the securities sold/matured/re-sold. Purchase and the consequent sale of a security at the same reporting period are also included in the net financial transactions

Net financial transactions with securities Net financial transactions with securities

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For BSI purposes loans are recorded at nominal value gross of provisions.

Write-off - discontinuation of the on-balance sheet presentation of loan

which is being considered with no value;

Write-down – direct reduction of the carrying amount of a loan on the

balance sheet due to its impairment and the loan is about to be repaid

partially.

Write-offs/write-downs of loansWrite-offs/write-downs of loans

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Reclassifications of assets and liabilities predominantly occurs at the following

cases:

Alteration in statistical coverage of the MFI population (inclusion or exclusion of

MFIs if the business has been transferred into or out of the MFI sector);

Changes in structure of the reporting agents (mergers, divisions and acquisitions);

Change of the sector classification of a client;

Change in the instrument category as a result of amendments of legal acts or

accounting rules;

Correction of reporting errors.

Reclassifications

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6. Monthly BSI data dissemination6. Monthly BSI data dissemination

Monthly monetary statistics dissemination preparationMonthly monetary statistics dissemination preparation

Publication of monthly monetary statisticsPublication of monthly monetary statistics

Publication “Monetary statistics” and statistical data basePublication “Monetary statistics” and statistical data base

Overview of the published dataOverview of the published data

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Monthly monetary statistics dissemination preparationMonthly monetary statistics dissemination preparation

This stage takes place between the This stage takes place between the 1212thth andand 17 17thth working day working day following the end of following the end of

the reference month and includes:the reference month and includes:

Preparation of reports in a predefined structure to perform further analyses of the Preparation of reports in a predefined structure to perform further analyses of the

data;data;

Preparation of reports for internal users;Preparation of reports for internal users;

Data to be published at the web site of the BNB - press release, publication Data to be published at the web site of the BNB - press release, publication

“Monetary statistics”, data base, table “ Macroeconomic indicators”;“Monetary statistics”, data base, table “ Macroeconomic indicators”;

Data included in different BNB publications: Monthly bulletin, Annual and Semi-Data included in different BNB publications: Monthly bulletin, Annual and Semi-

annual reports of the BNB etc.;annual reports of the BNB etc.;

Data to be provided to the international organisations – ECB, IMF, BIS, etc.Data to be provided to the international organisations – ECB, IMF, BIS, etc.

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1. Press release

2. Publication “Monetary Statistics”

3. Statistical data base on the web site of the Bulgarian National Bank

4. Macroeconomic indicators

5. Monthly bulletin of the BNB

6.6. Annual and semi-annual reports of the BNBAnnual and semi-annual reports of the BNB

Publications from 1 to 4 are available at the web site of the BNB under section:Publications from 1 to 4 are available at the web site of the BNB under section:

StatisticsStatistics → → Monetary and interest rate statisticsMonetary and interest rate statistics → → Monetary statisticsMonetary statistics → → Monetary statistics Monetary statistics

Publications 5 and 6 are available on hard copy and electronically at BNB web site under section:Publications 5 and 6 are available on hard copy and electronically at BNB web site under section:

Research and publications Research and publications →→ BNB periodical publications BNB periodical publications

Publication of monthly monetary statistics

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1. 1. Content Publication “Monetary statistics” and statistical data base contain balance sheet data Publication “Monetary statistics” and statistical data base contain balance sheet data

of the BNB and other MFIs with two levels of presentation – aggregated and of the BNB and other MFIs with two levels of presentation – aggregated and consolidated data;consolidated data;

The data is broken down by residency, sector, instrument, maturity and currency - The data is broken down by residency, sector, instrument, maturity and currency - national and foreign (of which euro);national and foreign (of which euro);

The instruments are grouped in order to facilitate the analysis of broad money, its The instruments are grouped in order to facilitate the analysis of broad money, its components and counterparts as well as to identify other indicators necessary for components and counterparts as well as to identify other indicators necessary for performing of macroeconomic analysis.performing of macroeconomic analysis.

2. 2. Frequency - monthly- monthly

3. 3. Timeliness - in accordance with the - in accordance with the Calendar for dissemination of statistical data,Calendar for dissemination of statistical data,

published at the BNB web sitepublished at the BNB web site

Publication “Monetary statistics” and statistical data base 1/2

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Publication “Monetary statistics” and statistical data base 2/2Publication “Monetary statistics” and statistical data base 2/2

4. 4. Types of tables Types of tables

Dynamic – presenting information for several reporting periods;Dynamic – presenting information for several reporting periods; Static – containing data only for one reporting (i.e. sectoral and currency structure of Static – containing data only for one reporting (i.e. sectoral and currency structure of

balance sheet instruments).balance sheet instruments).

5. 5. CoverageCoverage

Publication “Monetary statistics” – presents data for the latest 12 periods for dynamic Publication “Monetary statistics” – presents data for the latest 12 periods for dynamic tables and for the last reporting period for static tables;tables and for the last reporting period for static tables;

Data base – includes back data starting from 1995 for the majority of the indicators Data base – includes back data starting from 1995 for the majority of the indicators (dynamic and static tables)(dynamic and static tables)

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Overview of the published data

1.1. Short Monetary SurveyShort Monetary Survey

2.2. Detailed Monetary SurveyDetailed Monetary Survey

3.3. BNB Analytical ReportingBNB Analytical Reporting

4.4. Analytical Reporting of Other MFIsAnalytical Reporting of Other MFIs

5.5. Foreign Assets and Liabilities of the BNBForeign Assets and Liabilities of the BNB

6.6. Loans to Non-financial Corporations, Households and NPISHsLoans to Non-financial Corporations, Households and NPISHs

7.7. Memorandum to the Analytical Reporting of the BNBMemorandum to the Analytical Reporting of the BNB

8.8. Memorandum to the Analytical Reporting of Other MFIs Memorandum to the Analytical Reporting of Other MFIs

9.9. Monthly Sectoral Survey of the BNBMonthly Sectoral Survey of the BNB

10.10. Monthly Sectoral Survey of other MFIsMonthly Sectoral Survey of other MFIs

11.11. Monetary Aggregates - Monetary Aggregates - Stocks and Transactions Stocks and Transactions

12.12. Counterparts of Monetary Aggregates Counterparts of Monetary Aggregates Stocks and Transactions Stocks and Transactions

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Thank you for your attention!