Boletín Estadístico

Notes to the tables of Chapter 4. Credit Institutions

General note

Chapter 4 of the Boletín Estadístico presents information on credit institutions as a whole, and on each of the groups of institutions that come under this heading, namely banks, savings banks, credit co-operative banks, specialised credit institutions [including specialised lending institutions (ECAOL) until 1996] and the Instituto de Crédito Oficial [including official credit banks (EOC) until May 1994). The basic source of this information is the individual confidential returns that credit institutions submit to the Banco de España for supervisory purposes in relation to their activity in Spain, in accordance with the criteria and rules laid down in the Accounting Circular CBE 4/2004 and prior provisions.

The information in Chapter 8 (Tables 8.41- 8.44) also relates to credit institutions. The difference between these two sets of data arises from the fact that they are compiled on the basis of different sources of information. Thus, while the data in this chapter are, as already mentioned, drawn from the financial statements credit institutions send to the Banco de España for supervisory purposes, those of Chapter 8 are obtained from the accounting statements used to compile statistics for the euro area and, therefore, incorporate the conceptual framework common to all the countries that make up that area. There are certain differences in sectorisation and instrument valuation (see Table 4 and the notes thereto), but the structure of these two chapters means that they can be used to complement one other. Thus, while there is greater detail in this chapter on credit instruments (commercial, mortgage, etc.), deposits (sight, time, structured, etc.), capital accounts (capital, reserves, provisions, etc.) and other assets and liabilities (accruals, derivatives, etc.), the extra detail in Chapter 8 relates to counterpart sectors and residence, indicating whether the households or NPISHs, non-financial corporations and other financial intermediaries are resident in Spain, in other euro area countries or in the rest of the world (in which case, there is no information on the counterparty). Readers' attention is drawn to these details in order that they may benefit from the complementary information in these chapters.

Table 4

As already mentioned in the general note, the balance sheet in Chapter 4 is based on the information institutions send to the Banco de España for supervisory purposes, while the balance sheet in Chapter 8 is obtained from the accounting statements used to compile statistics for the euro area and, given its purpose, is compiled on the basis of the same conceptual framework used for all the countries that make up the euro area. The reconciliation of the two chapters shows that the same set of institutions is being considered from two complementary viewpoints. There are some small differences, attributable to the different purposes of the chapters, that can, for a specific period, be appreciated in this reconciliation table:

The returns for euro area statistics (euro area returns), which are used, inter alia, as the basis for calculating the monetary aggregates monitored by the ECB, distinguish between non-resident units situated in other euro area countries and non-resident units situated in third countries, while the supervisory returns group all counterparts vis-à-vis units not resident in Spain in the sector rest of the world.
In the balance sheet compiled on the basis of the euro area statistical returns, money market funds (MMFs or, by their Spanish acronym, FIAMM) are included with the Banco de España and credit institutions to form a sector called "monetary financial institutions" (MFIs). In the supervisory returns, these MMFs are included with other collective investment institutions of a financial nature in the sector other resident sectors (see the sectorisation schemes at the end of the Bulletin), while the grouping composed of the Banco de España and credit institutions is called the "credit system". The differences in scope between MFIs and the credit system are, in some cases, more conceptual than practical in nature, which is why these two groupings are opposite each other in the reconciliation tables.
There are some other differences in accounting rules which are not detailed in this note, since the discrepancies to which they give rise are not significant. Also, some discrepancies may be attributable to the fact that the accounting statements have been updated at different times.

Table 4.A

See details in Tables 4.1 and 4.2.
See details in Tables 4.51 and 4.52.
See details in Tables 4.61 and 4.62.
See details in Tables 4.71 and 4.72.
See details in Tables 4.81 and 4.82.

Table 4.1

See the breakdown by subsector in Table 8.25. There are some small differences, owing to the fact that the tables use different definitions of credit and have been updated at different times.
See breakdown by instrument in Table 4.3.
See details in Table 4.4.
See details in Table 4.6.
See details in Table 4.99.
Includes non-performing doubtful loans which are those in respect of which some amount of principal, interest or any other contractually agreed expense is more than three months past-due or exceeds 25% of total debt (unless these loans are specifically classified as written-off assets).It corresponds to the amount of column 12, Table 4.99.

Table 4.2

See the breakdown by subsector in Table 8.25. There are some small differences, owing to the different definition of deposits and the fact that the tables have been updated at different times.
See breakdown by instrument in Table 4.5.
See details in Table 4.7.
See details in Table 4.8.

Table 4.3

The breakdown by institutional sector can be consulted in Table 8.26. There are some discrepancies between this amount and that in Table 8.26, owing to differences in the institutional scope and in the concept of credit and the fact that the tables have been updated at different times.
Hybrid financial assets are those financial assets that include simultaneously a principal contract other than a derivative and a financial derivative known as an "implicit derivative", which is not individually transferable. The flows generated by the hybrid contract normally vary in the same way as those of the derivative considered in isolation. For example, a debt instrument whose interest payments are related to a securities index.
Doubtful loans are loans in relation to which there is reasonable doubt regarding full repayment (of principal and interest) in accordance with the contractual terms. They include non-performing loans, which are those in respect of which some amount of principal, interest or contractually agreed expense is more than three months past-due. See details in Table 4.99. There may be differences between the amounts in these two tables, owing to the fact that they have been updated at different times. See notes to tables 4.73 and 4.83.

Table 4.4

Short securities positions reflect the amount of the financial liabilities arising from the outright sale of financial assets acquired temporarily or received on loan. However, Table 4.4 shows short positions in the assets (columns 6 and 10) and deducts them from the total figures for "securities other than shares" of residents in Spain and in the rest of the world.Thus, columns 4 and 8 contain net figures and follow the same criterion as the returns the institutions submit for statistical purposes (and, therefore, the same criterion as Chapter 8 of this Bulletin), according to which short securities positions must be deducted from the item "securities other than shares" [see Rule 71. c) iii)].

Table 4.5

The amount of this column less MMF deposits at credit institutions is the same, apart from some small differences owing to the fact that the tables have been updated at different times, as that of column 1 of Table 8.28.The breakdown by institutional sector may be consulted in this latter Table.
Funds received under financial asset transfers include the funds raised by institutions through financial asset transfer transactions when the transferred financial asset cannot be derecognised as the risk and benefits associated with its ownership have not been substantially transferred.
Hybrid financial liabilities are financial liabilities that include simultaneously a principal contract other than a derivative and a financial derivative known as an "implicit derivative", which is not individually transferable. The flows generated by the hybrid contract normally vary in the same way as those of the derivative considered in isolation. For example, a deposit whose interest rate depends on the changes in the price of a share.
Subordinated deposits include the amount of deposits received which, for the purposes of payment priority, rank behind ordinary debt.
This column includes overnight deposits, savings accounts, deposits with agreed maturity, except mortgage covered bonds with the character of deposits, deposits in foreign currency, hybrid financial liabilities and repurchase agreements.This amount appears broken down by province and region in Tables 4.33, 4.34 and 4.35. Mortgage covered bonds are securities whose capital and interest are secured, without the need for registration, by a mortgage over all the mortgages that may at any time be registered in favour of the issuing institution, without prejudice to the unlimited liability thereof. When these securities are non-marketable they are included under deposits.

Table 4.6

See details in Table 4.9.

Table 4.7

The valuation adjustments to equity include the amounts of the adjustments made to assets and liabilities recorded temporarily in equity, under this heading, until they are extinguished or realised, when they are recorded in the income statement.
Financial assets and liabilities valuation adjustments include the difference between the valuation of the assets and liabilities in the institutions' public balance sheets and in the euro area statistical returns, except those attributable to accrued interest and impairment allowances which are presented under separate headings of the assets and/or liabilities.
Impairment allowances include the amounts set aside to cover impairment losses, in relation to loans and other assets.
Impairment allowances, total loans, include the amounts set aside to cover both specific and general insolvency risk attributable to the customer.
Impairment allowances, specific loans, include only the amounts set aside to cover specific insolvency risk attributable to the customer.

Table 4.8

See details in Table 4.9.

Table 4.9

Trading derivatives include the fair value in favour of the institution of derivates which do not form part of hedge accounting.
Hedging derivatives include the fair value in favour of the institution of derivates designated as hedging instruments in hedge accounting.
Insurance contracts linked to pensions include the fair value of the insurance policies to cover staff pension commitments that do not meet the requirements established by Rule thirty-five of Banco de España Circular CBE 4/04 for not recording them in the balance sheet.
Tax assets include the amount of all assets of a tax nature such as taxes paid on account, assets arising from unused tax losses or credits for tax deductions.
Trading derivatives include the fair value of the institution's liability in respect of derivatives that do not form part of hedge accounting.
Hedging derivatives include the fair value of the institution's liability in respect of derivatives designated as hedging instruments in hedge accounting.
Tax collection accounts include the amount collected on behalf of general government in respect of taxes, duties, excise and social security contributions until such monies are finally made over to the relevant agency.
Tax liabilities include the amount of all liabilities of a tax nature, primarily the amount payable in respect of the tax on the taxable profit for the period.

Table 4.10

Includes only the amount of the specific allowances for insolvency risk attributable to the customer.

Table 4.11

The details of each general government subsector can be found in Table 8.25. There are some small differences owing to the fact that the tables use different definitions of lending and they have been updated at different times. In addition, the breakdown by province and regional (autonomous) government may be consulted in Tables 4.28, 4.29 and 4.30.

Table 4.12

The breakdown of the total by instrument appears in Table 4.3. In addition, the breakdown by institutional sector can be consulted in Table 8.26. The small discrepancies between the amounts of this table and those of Table 8.26 are attributable to differences in institutional scope and in the definition of lending and the fact that the tables have been updated at different times.

Table 4.99

See notes to Table 4.1, column 11.
Until the entry into force of Circular 4/2004, this amount was included in column 9.
Until the entry into force of Circular 4/2004, these details were not available for specialised credit institutions.
See notes to Table 4.1 column 12.
Assets considered as doubtful, since there is doubt regarding full repayment although they cannot be considered non-performing or written-off assets.

Table 4.13

Of the companies and sole proprietorships that receive the loans.
See notes to Table 8.26.
See details in Table 4.18.
Includes loans and credits to households for the acquisition of land, securities and current goods and services that are not considered durables (for example, loans to finance travel), as well as those for miscellaneous purposes not included among the foregoing.
This heading refers to lending to households, secured by a residential mortgage, but not for house purchase or for financing productive activities. Accordingly, these loans are included among those granted for renovation, consumer durable purchases and other purposes, i.e. they are part of columns 8 to 10.
See details in Table 4.18 (columns 12 to 22).
Includes doubtful loans and credits to households for the acquisition of land, securities and current goods and services that are not considered durables (for instance, loans to finance travel) as well as those for miscellaneous purposes not included among the foregoing.
Includes doubtful loans to households, secured by a residential mortgage, but not for house purchase or for financing productive activities. Accordingly, these doubtful loans are included among those granted for renovation, consumer durable purchases and other purposes, i.e. they are part of columns 21 to 23.

Table 4.14

Of the companies and sole proprietorships that receive the loans.
See details in Table 4.19.
Includes loans and credits to households for the acquisition of land, securities and current goods and services that are not considered durables (for example, loans to finance travel), as well as those for miscellaneous purposes not included among the foregoing.
This heading refers to lending to households, secured by a residential mortgage, but not for house purchase or for financing productive activities. Accordingly, these loans are included as follows: 1) a portion in column 2 (financing of productive activity), insofar as this includes loans to non-financial corporations and sole proprietorships, the latter being able to carry out this type of transaction; 2) the rest, and presumably the majority, in columns 8 to 10, which include loans to households for purposes other than house purchase.
See details in Table 4.19 (columns 12 to 22).
Includes doubtful loans and credits to households for the acquisition of land, securities and current goods and services that are not considered durables (for instance, loans to finance travel) as well as those for miscellaneous purposes not included among the foregoing.
Includes doubtful loans to households, secured by a residential mortgage, but not for house purchase or for financing productive activities. Accordingly, these loans are included as follows: 1) a portion in column 2 (financing of productive activity), insofar as this includes loans to non-financial corporations and sole proprietorships, the latter being able to carry out this type of transaction; 2) the rest, and presumably the majority, in columns 8 to 10, which include loans to households for purposes other than house purchase.

Table 4.15

Of the companies and sole proprietorships that receive the loans.
See details in Table 4.20.
Includes loans and credits to households for the acquisition of land, securities and current goods and services that are not considered durables (for example, loans to finance travel), as well as those for miscellaneous purposes not included among the foregoing.
This heading refers to lending to households, secured by a residential mortgage, but not for house purchase or for financing productive activities. Accordingly, these loans are included as follows: 1) a portion in column 2 (financing of productive activity), insofar as this includes loans to non-financial corporations and sole proprietorships, the latter being able to carry out this type of transaction; 2) the rest, and presumably the majority, in columns 8 to 10, which include loans to households for purposes other than house purchase.
See details in Table 4.20, columns 12 to 22.
Includes doubtful loans and credits to households for the acquisition of land, securities and current goods and services that are not considered durables (for instance, loans to finance travel) as well as those for miscellaneous purposes not included among the foregoing.
Includes doubtful loans to households, secured by a residential mortgage, but not for house purchase or for financing productive activities. Accordingly, these loans are included as follows: 1) a portion in column 2 (financing of productive activity), insofar as this includes loans to non-financial corporations and sole proprietorships, the latter being able to carry out this type of transaction; 2) the rest, and presumably the majority, in columns 8 to 10, which include loans to households for purposes other than house purchase.

Table 4.16

Of the companies and sole proprietorships that receive the loans.
See details in Table 4.21.
Includes loans and credits to households for the acquisition of land, securities and current goods and services that are not considered durables (for example, loans to finance travel), as well as those for miscellaneous purposes not included among the foregoing.
This heading refers to lending to households, secured by a residential mortgage, but not for house purchase or for financing productive activity. Accordingly, these loans are included as follows: 1) a portion in column 2 (financing of productive activity), insofar as this includes loans to non-financial corporations and sole proprietorships, the latter being able to carry out this type of transaction; 2) the rest, and presumably the majority, in columns 8 to 10, which include loans to households for purposes other than house purchase.
See details in chart 4.21 (columns 12 to 22).
Includes doubtful loans and credits to households for the acquisition of land, securities and current goods and services that are not considered durables (for instance, loans to finance travel) as well as those for miscellaneous purposes not included among the foregoing.
Includes doubtful loans to households, secured by a residential mortgage, but not for house purchase or for financing productive activities. Accordingly, these loans are included as follows: 1) a portion in column 2 (financing of productive activity), insofar as this includes loans to non-financial corporations and sole proprietorships, the latter being able to carry out this type of transaction; 2) the rest, and presumably the majority, in columns 8 to 10, which include loans to households for purposes other than house purchase.

Note: the data for the quarters for which this information is not available have been estimated to obtain the total for credit institutions (Table 4.13).

Table 4.17

Of the companies and sole proprietorships that receive the loans.
See details in Table 4.22 and notes to Table 8.26.
Includes loans and credits to households for the acquisition of land, securities and current goods and services that are not considered durables (for example, loans to finance travel), as well as those for miscellaneous purposes not included among the foregoing.
This heading refers to lending to households, secured by a residential mortgage, but not for house purchase or for financing productive activity. Accordingly, these loans are included as follows: 1) a portion in column 2 (financing of productive activity), insofar as this includes loans to non-financial corporations and sole proprietorships, the latter being able to carry out this type of transaction; 2) the rest, and presumably the majority, in columns 8 to 10, which include loans to households for purposes other than house purchase.
See details in Table 4.22 (columns 12 to 22).
Includes doubtful loans and credits to households for the acquisition of land, securities and current goods and services that are not considered durables (for instance, loans to finance travel) as well as those for miscellaneous purposes not included among the foregoing.
Includes doubtful loans to households, secured by a residential mortgage, but not for house purchase or for financing productive activities. Accordingly, these loans are included as follows: 1) a portion in column 2 (financing of productive activity), insofar as this includes loans to non-financial corporations and sole proprietorships, the latter being able to carry out this type of transaction; 2) the rest, and presumably the majority, in columns 8 to 10, which include loans to households for purposes other than house purchase.

Note: the data for the quarters for which this information is not available have been estimated to obtain the total for credit institutions (Table 4.13).

Table 4.18

Of the companies and sole proprietorships that receive the loans.
See details in Table 4.23.

Table 4.19

Of the companies and sole proprietorships that receive the loans.
See details in Table 4.24.

Table 4.20

Of the companies and sole proprietorships that receive the loans.
See details in Table 4.25.

Table 4.21

Of the companies and sole proprietorships that receive the loans.
See details in Table 4.26.

Note: the data for the quarters for which this information is not available have been estimated to obtain the total for credit institutions (Table 4.18).

Table 4.22

Of the companies and sole proprietorships that receive the loans.
See details in Table 4.27.

Note: the data for the quarters for which this information is not available have been estimated to obtain the total for credit institutions (Table 4.18).

Table 4.23

Of the companies and sole proprietorships that receive the loans.
Until March 2005 these details were not available for specialised credit institutions. Thereafter, and as a result of the entry into force of Banco de España Circular CBE 4/2004, the amount is assigned to the relevant industry.

Table 4.24

Of the companies and sole proprietorships that receive the loans.

Table 4.25

Of the companies and sole proprietorships that receive the loans.

Table 4.26

Of the companies and sole proprietorships that receive the loans.

Note: the data for the quarters for which this information is not available have been estimated to obtain the total for credit institutions (Table 4.23).

Table 4.27

Of the companies and sole proprietorships that receive the loans.
Until March 2005 these details were not available for specialised credit institutions. Thereafter, and as a result of the entry into force of Banco de España Circular CBE 4/2004, the amount is assigned to the relevant industry.

Note: the data for the quarters for which this information is not available have been estimated to obtain the total for credit institutions (Table 4.23).

Table 4.28

See Table 4.29 or 4.30.

Table 4.29

Apart from the residual transactions for which the institution has not been able to determine the province to which they should be assigned, it includes the amount of reverse repurchase agreements through counterparties.

Table 4.30

Apart from the residual transactions for which the institution has not been able to determine the province to which they should be assigned, it includes the amount of reverse repurchase agreements with counterparties.

Table 4.31

See the breakdown by subsector in Table 8.25. There are some small discrepancies between the amounts of these two Tables, owing to differences in the institutional scope and in the definition of deposits and the fact that the tables have been updated at different times.
See breakdown by province and region in Tables 4.33, 4.34 and 4.35.

Table 4.32

See breakdown by instrument in Table 4.5. Also, the amount of this column less MMF deposits at credit institutions is the same, apart from some small differences owing to the fact that the tables have been updated at different times, as that of column 1 of Table 8.27.The breakdown by institutional sector may be consulted in this latter Table.
See breakdown by province and region in Tables 4.33, 4.34 and 4.35.

Table 4.33

Includes residual transactions for which the institution has not been able to determine the province to which they should be assigned.
Available since 2003 Q1.

Table 4.34

Includes residual transactions for which the institution has not been able to determine the province to which they should be assigned.

Table 4.35

Includes residual transactions for which the institution has not been able to determine the province to which they should be assigned.

Table 4.36

See details in Table 4.37.
See details in Table 4.38.
See details in Table 4.40.

Table 4.37

See details in Table 4.39.

Table 4.38

See details in Table 4.39.

Table 4.39

Since 1996 this interest has been included in interest from debt securities held to maturity.

Table 4.45

It includes credit institutions whose scope of operations is restricted and which, under Royal Decree 692/96 of April 26 1996, became specialised credit institutions. The specialised lending institutions in place at the time of this change were: finance companies, mortgage lending companies and financial leasing companies. Money Market Intermediaries disappeared in 1994, becoming broker-dealers or agency brokers, following their regulation under the Spanish Stock Market Act24/88 of July 24 1988.

Table 4.46

It includes specialised lending institutions which, under Royal Decree 692/96 of April 26 1996, became specialised credit institutions. The specialised lending institutions in place at the time of this change were: finance companies, mortgage lending companies and financial leasing companies. Money Market Intermediaries disappeared in 1994, becoming broker-dealers or agency brokers, following their regulation under the Spanish Stock Market Act 24/88 of July 24 1988.

Table 4.47

See details in Tables 4.48 and 4.49.

Table 4.51

See breakdown by instrument in Table 4.53.
See details in Table 4.54.
See details in Table 4.56.
Includes non-performing doubtful loans which are those in respect of which some amount of principal, interest or any other contractually agreed expense is more than three months past-due or exceeds 25% of total debt (unless these loans are specifically classified as written-off assets).

Table 4.52

See breakdown by instrument in Table 4.55.
See details in Table 4.57.
See details in Table 4.58.

Table 4.53

See notes to Table 4.3.

Table 4.54

See notes to Table 4.4.

Table 4.55

See notes to Table 4.5.

Table 4.57

See notes to Table 4.7.

Table 4.61

See breakdown by instrument in Table 4.63.
See details in Table 4.64.
See details in Table 4.66.
Includes non-performing doubtful loans which are those in respect of which some amount of principal, interest or any other contractually agreed expense is more than three months past-due or exceeds 25% of total debt (unless these loans are specifically classified as written-off).

Table 4.62

See breakdown by instrument in Table 4.65.
See details in Table 4.67.
See details in Table 4.68.

Table 4.63

See notes to Table 4.3.

Table 4.64

See notes to Table 4.4.

Table 4.65

See notes to Table 4.5.

Table 4.67

See notes to Table 4.7.

Table 4.71

See breakdown by instrument in Table 4.73.
See details in Table 4.74.
See details in Table 4.76.
Includes non-performing doubtful loans which are those in respect of which some amount of principal, interest or any other contractually agreed expense is more than three months past-due or exceeds 25% of total debt (unless these loans are specifically classified as written-off assets).

Table 4.72

See breakdown by instrument in Table 4.75.
See details in Table 4.77.
See details in Table 4.78.

Table 4.73

See notes to Table 4.3.

Up to December 98, this column includes doubtful assets for all sectors (and not only for other resident sectors).

Table 4.74

See notes to Table 4.4.

Table 4.75

See notes to Table 4.5.

Table 4.77

See notes to Table 4.7.

Table 4.81

See breakdown by instrument in Table 4.83.
See details in Table 4.84.
See details in Table 4.84.
Includes non-performing doubtful loans which are those in respect of which some amount of principal, interest or any other contractually agreed expense is more than three months past-due or exceeds 25% of total debt (unless these loans are specifically classified as written-off assets).

Table 4.82

See details in Table 4.85.
See details in Table 4.86.

Table 4.83

See notes to Table 4.3.

Up to May 05, this column includes doubtful assets for all sectors (and not only for other resident sectors).

Table 4.85

See notes to Table 4.7.

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