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Extra information
For more information on this release:
E-mail: bop@cso.ie Sarah O'Rourke (+353) 1 498 4306 Christopher Sibley (+353) 1 498 4305
For general information on CSO statistics:
information@cso.ie (+353) 21 453 5000 Visit StatCentral.ie, the portal to Ireland's official statistics On-line ISSN 2009-9312
CSO statistical release, 30 January 2018, 11am

Assets and Liabilities of the Financial Sector

2016

€ billion
Assets20082016
Central Bank (S.121)12179
Monetary Financial Institutions (S.122 + S.123)1,7431,065
Investment Funds (S.124)3421,911
Other Financial Corporations (S.125 + S.126 + S.127)8841,367
Insurance Corporations and Pension Funds (S.128 + S.129)243394
Total Financial Sector (S.12)3,3344,816

Financial Sector assets grew to €4.8 trillion in 2016

Headline Graph Total Financial Sector Assets
go to full release

The balance sheet of financial corporations (S.12) grew markedly since 2013, reversing the trend in the period over 2011 and 2012 of balance sheet contraction in the sector. The growth during the period 2014-2016 was driven primarily by activity in the Investment Funds (S.124) and Other Financial Corporations (S.125 + S.126 + S.127) sectors. The financial assets of sector S.12 increased by €176bn in 2016, while its liabilities grew from €4,658bn to €4,774bn during the same period. The evolution of the financial assets of S.12 from 2007 to 2016 is shown in Figures 1 and 2. 

""
Central Bank (S.121)Monetary Financial Institutions (S.122+S.123)Non-Money Market Investment Funds (S.124)Other Financial Intermediaries (S.125 + S.126 + S.127)Insurance Corporations & Pension Funds (S.128 + S.129)
200753.7061658.239473.977728.958260.321
2008121.0791743.449342.007883.743243.279
2009124.7341631.148460.053952.294272.302
2010202.3471499.922645.5031036.594298.843
2011172.9761241.229818.6481111.438284.114
2012136.2181115.7911017.971002.413296.717
2013104.0211000.9681180.3321001.812306.509
201482.5591061.7091627.4991082.507349.476
201578.3221083.2161777.5381322.911378.328
201678.8061065.1431911.0891366.661394.413

Get the data: StatBank

Significant changes have taken place in the balance sheets of financial corporations in the wake of the global financial crisis over the 2008-2016 period. Some of these changes are apparent in the accounts but some are less evident due to offsetting shifts within the sector.

Central Bank (S.121)

The Central Bank (S.121) sector has seen a dramatic decrease in Currency and Deposits (AF.2) since 2010 and a large increase in Debt Securities (AF.3) in 2013, but with an overall downward trend in assets. In 2016, 84% of total financial assets came from Debt Securities (Figure 3) while 83% of total liabilities are Currency and Deposits (AF.2) with the remainder coming from equity (AF.5). The assets of the Central Bank increased from €54bn in 2007 to €202bn in 2010 mainly as a result of the increased emergency liquidity assistance (ELA) provided to the Irish banking system.
In 2013 the conversion of assets from Currency and Deposits (AF.2) to Debt Securities (AF.3) are a result of securities acquired by the Central Bank following the liquidation of the Irish Bank Resolution Corporation (IBRC). The portfolio of securities is comprised of eight non-amortising Irish Government Floating Rate Notes (FRNs) (€29bn), non-amortising NAMA Bonds (€13bn) and the 5.4% Irish 2025 Government bond acquired by the Bank following the termination of the IBRC’s market repo in February 2013 (€4bn). For further details see Note 16 in the Central Bank Annual Report 2013 (page 122).

""
Monetary Gold and Special Drawing Rights (SDRs) (AF.1)Currency and Deposits (AF.2) Debt Securities (AF.3)Loans (AF.4)Equity and Investment Fund Shares/Units (AF.5)
20070.18741.7147.1884.5440.073
20080.197104.31714.1372.3550.073
20090.967105.69514.3913.6080.073
20101.034183.01818.22200.073
20110.989152.50119.48600
20120.992113.89221.33400
20130.88639.29263.84300
20140.95626.69554.90800
20151.01813.80363.50100
20161.04311.2666.50400

Get the data: StatBank

Monetary Financial Institutions (S.122 + S.123)

The Monetary Financial Institutions sector is made up of deposit-taking corporations excluding the central bank (S.121), such as retail banks, building societies and credit unions (S.122) and Money Market Funds (S.123). The balance sheet of the Monetary Financial Institutions sector contracted during the period 2009-2013, where its assets fell by €742bn and its liabilities by €753bn, as shown in Figures 4 and 5. During 2015 this trend was reversed as financial assets grew by 8.2% and liabilities by 0.7% over their 2013 values. This growth was driven by increased Debt Securities (AF.3) on the assets side and increased investment through Equity (AF.5) on the liabilities side. The year 2016 saw a 1.7% decrease in assets and a 2.2% increase in liabilities over the 2015 values.

The assets and liabilities, which peaked in 2008 at €1,743bn and €1,754bn, have declined to €1,065bn and €1,031bn respectively in 2016 – a reduction of approximately 40% in this period. Part of the decreasing trend over recent years is due to the reclassification of Money Market Funds (S.123). This led to some assets being re-defined as Investment Funds (S.124).

""
Currency and Deposits (AF.2) Debt Securities (AF.3)Loans (AF.4)Equity and Investment Fund Shares/Units (AF.5) Financial Derivatives and Employee Stock Options (AF.7)Other Accounts Receivable (AF.8)
2007420.135636.643488.04516.99782.513.919
2008479.247676.083499.42619.35457.72111.618
2009450.044656.212452.4518.52534.7219.197
2010440.678578.599421.59620.33731.2627.45
2011376.536457.955334.41719.02436.65416.643
2012294.517464.668297.71117.45228.27813.165
2013257.885420.951269.62118.73920.75213.02
2014276.743494.546237.43216.09627.3769.517
2015275.974528.999221.35518.29926.53912.05
2016276.217503.693218.52220.55525.58220.574

Get the data: StatBank

""
Currency and Deposits (AF.2) Debt Securities (AF.3)Equity and Investment Fund Shares/Units (AF.5) Financial Derivatives and Employee Stock Options (AF.7)Other Accounts Receivable (AF.8)
2007916.16257.985412.87490.9716.857
20081097.71188.843381.89760.59324.635
2009997.98184.945393.56340.83918.988
2010881.857130.675446.51535.47814.474
2011685.416101.648390.4742.29623.119
2012551.79483.284405.84733.83419.17
2013494.13463.057398.95724.92319.997
2014454.06763.058516.23830.45613.024
2015416.48351.435497.6129.58313.005
2016413.68442.564528.41125.76720.264

Get the data: StatBank

Investment Funds (S.124)

The Investment Funds sector (S.124) consists of all collective investment schemes except those classified in the Money Market subsector. The balance sheet of the Investment Funds sector continued to grow during 2016 (Figure 6). Figure 2 shows the change in contribution by S.124 to the overall size of the financial sector balance sheet. During 2016 this contribution increased in absolute terms while continuing to comprise of approximately 40% of the total assets. Apart from a drop in balance sheet size during 2008, relating to the financial crisis, the sector has exhibited continuous growth in the intervening period, where its financial assets have grown cumulatively by €1,569bn.
During the period 2008-2016, the investment funds sector, excluding Money Market Funds, has increased more than five-fold in size in Ireland. The increase in assets is mainly driven by Debt Securities (AF.3) and Equity and Investment Funds (AF.5), while the liabilities are mainly composed of equity. Part of this increase is due to the reclassification of Money Market Funds (S.123) to Investment Funds (S.124) as discussed above.

Note: In 2014 the reporting basis of derivatives changed, making it difficult to decompose the natural growth in the sector from the change due to data collection methods. Notably, there was a large increase in Financial Derivatives and Employee Stock Options (AF.7). This movement can partly be attributed to a reclassification relating to the manner in which Investment Funds moved from reporting derivative positions on a gross rather than on a net basis. This technical note published by the Central Bank provides more detail on Investment Funds data collection.

 

""
Currency and Deposits (AF.2) Debt Securities (AF.3)Loans (AF.4)Equity and Investment Fund Shares/Units (AF.5) Financial Derivatives and Employee Stock Options (AF.7)Other Accounts Receivable (AF.8)
200710.482148.1550.335303.65610.0611.288
200816.62997.7750.435208.44612.9995.723
200920.112150.080.377261.26111.8716.353
201025.053235.0770.314342.34219.01123.706
201144.891357.38116.278346.22419.19834.675
201264.095441.03516.898421.44832.2642.235
201356.753480.79414.688532.57143.42852.098
201458.461559.4915.115689.544228.44476.445
201577.116615.19631.342784.846168.378100.66
201667.519745.26733.795839.903161.02663.579

Get the data: StatBank

Other Financial Corporations (S.125 + S.126 + S.127)

This sector is composed of Other Financial Intermediaries (S.125), Financial Auxiliaries (S.126) and Captive Financial Institutions and Money Lenders (S.127). Other Financial Intermediaries (S.125) include companies engaged in financial leasing and consumer and other lending, securitisation vehicles, derivative and security dealers, treasury companies and a range of other companies engaged in financial intermediation. The Financial Auxiliaries sector (S.126) covers companies which provide auxiliary financial services and other financial advisory and consultancy services such as loan brokers and investment advisors. They are companies which are principally engaged in activities closely related to financial intermediation but which are not financial intermediaries themselves. The balance sheet of S.126 is considerably smaller than the sectors S.125 and S.127. The Captive Financial Institutions sector (S.127) consists of financial corporations which are neither engaged in financial intermediation nor in providing financial auxiliary services. These include trusts, special purpose entities, money lenders, treasuries, certain types of sovereign wealth funds and holding companies that simply own the assets of subsidiaries.

""
Currency and Deposits (AF.2) Debt Securities (AF.3)Loans (AF.4)Equity and Investment Fund Shares/Units (AF.5) Financial Derivatives and Employee Stock Options (AF.7)Other Accounts Receivable (AF.8)
200726.32776.35496.468106.5820.96322.267
200823.848186.242562.64480.82610.4119.773
200932.151197.573580.133123.2561.73217.449
201036.442221.964609.722154.155-0.40614.717
201132.428232.866661.97168.4641.09814.61
201220.645215.221638.725115.986-0.02511.861
201318.161165.972652.605120.0263.06541.984
201426.796174.11716.897116.486-1.46949.687
201547.41198.812819.847200.5717.27748.996
201633.061195.438867.217224.2753.80442.865

Get the data: StatBank

The Other Financial Corporations sector saw an increasing trend in balance sheet growth over the period 2006-2011 (Figures 7 and 8). In 2012 and 2013 the sector underwent a contraction in its balance sheet mainly due to a reduction in Debt Securities (AF.3). This trend was reversed in 2014 with an increase in AF.3 assets. While the liabilities are largely made up of Debt Securities (AF.3) and Loans (AF.4), the assets are dominated by Loans (AF.4), in the most part held by treasury companies and special purpose vehicles. While the increase seen in 2015 was mainly driven by special purpose vehicles, the increase in 2016 was largely related to treasury companies. These are often set up in Ireland to fund the financial activities of related multinationals in Ireland and Europe.

""
Debt Securities (AF.3)Loans (AF.4)Equity and Investment Fund Shares/Units (AF.5) Financial Derivatives and Employee Stock Options (AF.7)Other Accounts Receivable (AF.8)
2007305.483257.19283.4972.36710.898
2008478.572314.58585.489-2.16716.897
2009494.351363.81496.8773.87418.184
2010527.407374.002106.0684.11119.494
2011537.497402.186118.9812.75321.32
2012522.81358.28183.44911.01114.449
2013435.167359.475.9741.95384.813
2014433.407394.907175.2911.26995.503
2015521.638492.575277.9940.21997.179
2016458.285495.349298.590.72390.669

Get the data: StatBank

Insurance Corporations and Pension Funds (S.128 + S.129)

The Insurance Corporations (S.128) and Pension Funds (S.129) sector has seen an overall upward movement in balance sheet growth over the period 2007-2016 (Figure 9). The increase in 2016 on the assets side was driven by Equity and Investment Fund Shares (AF.5). Most of the liabilities are to households which are categorised as Insurance, Pension and Standardised Guarantee Schemes (AF.6). AF.6 includes non-life insurance technical reserves, life insurance and annuity entitlements, and pension entitlements.

""
Currency and Deposits (AF.2) Debt Securities (AF.3)Loans (AF.4)Equity and Investment Fund Shares/Units (AF.5) Insurance, Pension and Standardised Guarantee Schemes (AF.6)Financial Derivatives and Employee Stock Options (AF.7)Other Accounts Receivable (AF.8)
200717.88958.5323.392131.57835.2210.77112.938
200822.34964.0533.41299.18238.0561.78914.439
200922.26169.1824.134120.48241.91.59312.75
201022.92873.7454.348136.19344.0551.6515.924
201123.58880.2334.597126.99129.9782.43316.294
201225.44483.2762.785138.20328.3522.46116.196
201324.06179.531.29156.92926.6981.76816.232
201424.09188.7961.515182.3231.9912.44318.32
201527.20492.3241.341195.88736.3131.75823.502
201627.57291.8732.277211.59535.0251.74524.327

Get the data: StatBank

The AF.6 classification on the asset side of the balance sheet also covers reinsurance data for Ireland. Here an insurer may protect against an unexpectedly large number of claims, or exceptionally heavy claims, by taking out a reinsurance policy with a reinsurer. Reinsurance corporations are concentrated in a limited number of financial centres, and so many of the reinsurance flows are transactions with the rest of the world.

EU Comparison

The 2016 balance sheet assets for S.12, as a percentage of GDP, are shown for selected EU countries in Figure 10. The graph shows the importance of Ireland’s financial sector to the Irish economy. Taking financial sector assets as a percentage of GDP, Ireland ranks as the fourth highest country in Europe, with Luxembourg, Malta and Cyprus being first, second and third highest, respectively. The value of financial assets, as a percentage of GDP, for Luxembourg is 27,429. It is excluded from Figure 10 to allow a better comparable view of other selected EU countries. 

Selected European Countries
Malta2458
Cyprus1776.9
Ireland1747.7
Netherlands1479.8
United Kingdom1132.1
Denmark793.6
France626.4
Sweden573.1
Belgium553.9
Germany465.9
Portugal433
Finland413
Spain404.4
Italy401.2
Greece279.1

Get the data: Eurostat database

We may also look at the absolute size of the Irish Financial Sector relative to other EU countries, this is shown in Figure 11. Here Ireland is mid table, with a financial sector that is smaller than countries such as the United Kingdom, Germany and France but substantially bigger than Sweden, Belgium or Finland. 

Selected European Countries
United Kingdom25.9309187
Germany14.646948
Luxembourg14.539
France13.960989
Netherlands10.3976
Italy6.742849
Ireland4.816113
Spain4.52338
Sweden2.642559
Belgium2.3431166
Denmark2.2040876
Finland0.8905
Portugal0.8018836
Greece0.4862632
Cyprus0.3220139
Malta0.2444023

Get the data: Eurostat database

Table 1a Financial Balance Sheet, end-years 2012-2016, non-consolidated€ million
 Institutional sector (ESA2010)
 S.12 Financial Corporations
 TotalS.121S.122 + S.123S.124S.125 + S.126 + S.127S.128 + S.129
Financial Assets Central bankOther monetary financial institutionsNon-money market investment fundsOther financial intermediaries, financial auxiliaries, captive financial institutions & money lendersInsurance corporations & pension funds
AF.1 Monetary Gold and Special Drawing Rights (SDRs)
20129929920000
20138868860000
20149569560000
20151,0181,0180000
20161,0431,0430000
AF.11 Monetary Gold
20122442440000
20131591590000
20141801800000
20151891890000
20162292290000
AF.12 SDRs
20127487480000
20137277270000
20147767760000
20158298290000
20168148140000
AF.2 Currency and Deposits
2012518,592113,892294,51764,09520,64525,444
2013396,15239,292257,88556,75318,16124,061
2014412,78626,695276,74358,46126,79624,091
2015441,50713,803275,97477,11647,41027,204
2016415,63011,260276,21767,51933,06127,572
AF.21 Currency
20121,11501,115000
20131,21901,218010
20141,17401,174000
20151,20101,201000
20161,20701,207000
AF.22 Transferable Deposits
201281,35349663,027-012,9264,904
201373,507054,238014,6324,637
2014106,433083,515018,4214,496
2015112,6802,81884,581015,9399,341
2016131,0521,87296,622022,9559,603
AF.29 Other Deposits
2012436,124113,396230,37564,0957,71920,540
2013321,42639,292202,42956,7533,52919,424
2014305,17926,695192,05458,4618,37519,595
2015327,62610,985190,19277,11531,47117,863
2016283,3709,388178,38867,51910,10717,969
AF.3 Debt Securities
20121,225,53521,334464,668441,035215,22183,276
20131,211,09063,843420,951480,794165,97279,530
20141,371,84954,908494,546559,490174,11088,796
20151,498,83263,501528,999615,196198,81292,324
20161,602,77466,504503,693745,267195,43891,873
AF.31 Short-term Debt Securities
2012335,4347,857201,37282,28535,0478,873
2013343,00919,862173,90696,62144,2058,415
2014415,9767,503283,84366,43949,8998,292
2015457,5914,004336,26243,51364,0939,719
2016459,6954,304336,12053,94955,12210,200
AF.32 Long-term Debt Securities
2012890,10113,477263,296358,750180,17574,403
2013868,08143,981247,045384,173121,76771,115
2014955,87347,405210,703493,051124,21180,504
20151,041,24159,497192,737571,683134,71982,605
20161,143,07962,199167,573691,318140,31681,673
AF.4 Loans
2012956,1190297,71116,898638,7252,785
2013938,2040269,62114,688652,6051,290
2014970,9590237,43215,115716,8971,515
20151,073,8850221,35531,342819,8471,341
20161,121,8110218,52233,795867,2172,277
AF.41 Short-term Loans
2012235,506060,7826,792166,7931,138
2013200,786070,7775,945123,091973
2014201,392064,3079,700126,3131,072
2015212,297051,0650160,251981
2016290,038057,4320231,2501,356
AF.42 Long-term Loans
2012720,6130236,92910,105471,9321,647
2013737,4170198,8448,742529,514317
2014769,5670173,1255,415590,583444
2015861,5880170,29031,342659,596360
2016831,7730161,09033,795635,967921
AF.5 Equity and Investment Fund Shares/Units
2012693,089017,452421,448115,986138,203
2013828,265018,739532,571120,026156,929
20141,004,446016,096689,544116,486182,320
20151,199,603018,299784,846200,571195,887
20161,296,328-020,555839,903224,275211,595
AF.51 Equity
2012531,556017,022330,951115,98667,597
2013624,088018,301410,792120,02674,969
2014719,101016,096503,656116,48682,862
2015875,592017,715576,526200,57180,780
2016938,488-018,815611,087224,27584,310
AF.511 Listed Shares
2012392,5400562327,1364964,793
2013480,2870570408,8804770,790
2014582,7540597503,62820778,321
2015658,64802,063575,8524,86775,866
2016694,55201,574608,4835,63078,865
AF.512 Unlisted Shares
2012134,701014,1633,748115,937852
2013141,083017,731857119,9792,516
2014134,824015,49928116,2793,018
2015215,611015,651675195,7043,581
2016241,086017,241825218,6454,375
AF.519 Other Equity
20124,31602,2976701,952
20132,719001,05501,664
20141,52300001,523
20151,33300001,333
20162,849-001,77901,071
AF.52 Investment Fund Shares/Units
2012161,533043090,497070,606
2013204,1760438121,779081,959
2014285,34500185,888099,457
2015324,0110584208,3190115,107
2016357,84001,740228,8160127,284
AF.6 Insurance, Pension and Standardised Guarantee Schemes
201228,352000028,352
201326,698000026,698
201431,991000031,991
201536,313000036,313
201635,025000035,025
AF.61 Non-life Insurance Technical Reserves
201228,352000028,352
201326,698000026,698
201431,991000031,991
201536,313000036,313
201635,025000035,025
AF.62 Life Insurance and Annuity Entitlements
2012000000
2013000000
2014000000
2015000000
2016000000
AF.63+AF.64+AF.65 Pension Entitlements, Claims of Pension Funds on Pension Managers, Entitlements to Non-Pension Benefits
2012000000
2013000000
2014000000
2015000000
2016000000
AF.66 Provision for Calls under Standardised Guarantees
2012000000
2013000000
2014000000
2015000000
2016000000
AF.7 Financial Derivatives and Employee Stock Options
201262,973028,27832,260-252,461
201369,013020,75243,4283,0651,768
2014256,794027,376228,444-1,4692,443
2015203,951026,539168,3787,2771,758
2016192,157025,582161,0263,8041,745
AF.71 Financial Derivatives
201262,973028,27832,260-252,461
201369,013020,75243,4283,0651,768
2014256,794027,376228,444-1,4692,443
2015203,951026,539168,3787,2771,758
2016192,157025,582161,0263,8041,745
AF.72 Employee Stock Options
2012000000
2013000000
2014000000
2015000000
2016000000
AF.8 Other Accounts Receivable
201283,456013,16542,23511,86116,196
2013123,334013,02052,09841,98416,232
2014153,96909,51776,44549,68718,320
2015185,208012,050100,66048,99623,502
2016151,344020,57463,57942,86524,327
AF.81 Trade Credits and Advances
201214,35807305,4488,837
201316,4460305-07,4728,669
201418,59607308,35810,165
201517,4170005,81311,604
201622,2920009,28313,010
AF.89 Other Accounts Receivable/Payable excluding Trade Credits and Advances
201269,098013,09242,2356,4137,359
2013106,888012,71552,09834,5117,563
2014135,37209,44476,44541,3298,155
2015167,791012,050100,66043,18211,898
2016129,052020,57463,57933,58211,317
AF.A Total Financial Assets
20123,569,109136,2181,115,7911,017,9701,002,413296,717
20133,593,641104,0211,000,9681,180,3321,001,812306,509
20144,203,74982,5591,061,7091,627,4991,082,507349,476
20154,640,31578,3221,083,2161,777,5381,322,911378,328
20164,816,11378,8061,065,1431,911,0891,366,661394,413
Table 1b Financial Balance Sheet, end-years 2012-2016, non-consolidated€ million
 Institutional sector (ESA2010)
 S.12 Financial Corporations
 TotalS.121S.122 + S.123S.124S.125 + S.126 + S.127S.128 + S.129
Liabilities Central bankOther monetary financial institutionsNon-money market investment fundsOther financial intermediaries, financial auxiliaries, captive financial institutions & money lendersInsurance corporations & pension funds
AF.1 Monetary Gold and Special Drawing Rights (SDRs)
2012000000
2013000000
2014000000
2015000000
2016000000
AF.11 Monetary Gold
2012000000
2013000000
2014000000
2015000000
2016000000
AF.12 SDRs
2012000000
2013000000
2014000000
2015000000
2016000000
AF.2 Currency and Deposits
2012686,258134,464551,794000
2013594,330100,196494,134000
2014522,07368,006454,067000
2015479,58763,104416,483000
2016481,93568,251413,684000
AF.21 Currency
201211,08911,0890000
201311,18511,1850000
201413,33113,3310000
201516,68816,6880000
201617,76717,7670000
AF.22 Transferable Deposits
2012119,1480119,148000
2013133,9870133,987000
2014100,7840100,784000
2015105,1720105,172000
2016118,4990118,499000
AF.29 Other Deposits
2012556,021123,375432,646000
2013449,15889,011360,147000
2014407,95854,675353,283000
2015357,72746,416311,311000
2016345,66950,484295,185000
AF.3 Debt Securities
2012606,094083,2840522,8100
2013498,224063,0570435,1670
2014496,465063,0580433,4070
2015573,073051,4350521,6380
2016500,849042,5640458,2850
AF.31 Short-term Debt Securities
201239,339015,395023,9440
201330,929010,703020,2260
201429,029012,004017,0250
201541,270014,049027,2210
201635,902014,679021,2230
AF.32 Long-term Debt Securities
2012566,755067,8890498,8660
2013467,296052,3540414,9420
2014467,436051,0540416,3820
2015531,802037,3860494,4170
2016464,947027,8850437,0620
AF.4 Loans
2012384,9010022,463358,2814,156
2013399,9380037,032359,4003,506
2014416,2830017,556394,9073,820
2015534,2190-037,558492,5754,086
2016619,38600119,940495,3494,097
AF.41 Short-term Loans
2012243,9980020,049223,174775
2013248,2070033,050214,711446
2014244,4710012,447231,506518
2015300,4570028,277271,695485
2016370,96800109,346261,171451
AF.42 Long-term Loans
2012140,903002,414135,1073,381
2013151,731003,982144,6893,059
2014171,813005,110163,4023,301
2015233,7620-09,281220,8803,601
2016248,4180010,595234,1783,646
AF.5 Equity and Investment Fund Shares/Units
20121,451,7092,268405,847931,75183,44928,393
20131,574,1203,699398,9571,069,71975,97425,771
20142,007,47912,721516,2381,275,172175,29128,057
20152,253,71014,583497,6101,432,189277,99431,334
20162,464,73714,200528,4111,589,253298,59034,282
AF.51 Equity
2012223,9862,268109,876083,44928,393
2013230,4243,699124,980075,97425,771
2014329,27012,721113,2010175,29128,057
2015371,71714,58347,8060277,99431,334
2016394,00214,20046,9290298,59034,282
AF.511 Listed Shares
20128,72608,7260-00
201314,261014,261000
201424,820024,820000
201524,860024,860000
201619,813019,813000
AF.512 Unlisted Shares
2012215,2612,268101,150083,44928,393
2013216,1633,699110,719075,97425,771
2014304,45012,72188,3810175,29128,057
2015346,85714,58322,9460277,99431,334
2016374,18814,20027,1160298,59034,282
AF.519 Other Equity
2012000000
2013000000
2014000000
2015000000
2016000000
AF.52 Investment Fund Shares/Units
20121,227,7220295,971931,75100
20131,343,6960273,9771,069,71900
20141,678,2090403,0371,275,17200
20151,881,9930449,8041,432,18900
20162,070,7360481,4831,589,25300
AF.6 Insurance, Pension and Standardised Guarantee Schemes
2012257,8190000257,819
2013264,9480000264,948
2014305,8050000305,805
2015328,8980000328,898
2016342,0070000342,007
AF.61 Non-life Insurance Technical Reserves
201241,928000041,928
201336,949000036,949
201442,138000042,138
201546,960000046,960
201645,766000045,766
AF.62 Life Insurance and Annuity Entitlements
2012135,5910000135,591
2013136,4990000136,499
2014158,4670000158,467
2015166,1390000166,139
2016170,7410000170,741
AF.63+AF.64+AF.65 Pension Entitlements, Claims of Pension Funds on Pension Managers, Entitlements to Non-Pension Benefits
201280,300000080,300
201391,500000091,500
2014105,2000000105,200
2015115,8000000115,800
2016125,5000000125,500
AF.66 Provision for Calls under Standardised Guarantees
2012000000
2013000000
2014000000
2015000000
2016000000
AF.7 Financial Derivatives and Employee Stock Options
201279,755033,83434,91111,0110
201367,190024,92340,3141,9530
2014252,173030,456220,4481,2690
2015191,729029,583161,9262190
2016180,082025,767153,5927230
AF.71 Financial Derivatives
201279,755033,83434,91111,0110
201367,190024,92340,3141,9530
2014252,173030,456220,4481,2690
2015191,729029,583161,9262190
2016180,082025,767153,5927230
AF.72 Employee Stock Options
2012000000
2013000000
2014000000
2015000000
2016000000
AF.8 Other Accounts Receivable
201276,200019,17029,22514,44913,356
2013153,244019,99733,74884,81314,686
2014245,018013,024121,20495,50315,286
2015296,642013,005168,15697,17918,303
2016184,788020,26455,58190,66918,275
AF.81 Trade Credits and Advances
201215,73500-08,2947,441
201318,99500-010,6358,360
201427,38700018,0999,288
201530,85000021,6869,165
201619,69000010,4099,281
AF.89 Other Accounts Receivable/Payable excluding Trade Credits and Advances
201260,465019,17029,2256,1555,915
2013134,249019,99733,74874,1786,326
2014217,632013,024121,20477,4055,998
2015265,792013,005168,15675,4939,138
2016165,099020,26455,58180,2608,994
AF.L Total Liabilities
20123,542,736136,7321,093,9291,018,350990,000303,725
20133,551,995103,8951,001,0681,180,812957,308308,911
20144,245,29780,7271,076,8431,634,3811,100,379352,967
20154,657,85877,6871,008,1161,799,8291,389,605382,621
20164,773,78682,4511,030,6901,918,3661,343,617398,661
BF.90 Financial Net Worth
201226,373-51421,862-38012,413-7,008
201341,647126-100-48044,504-2,402
2014-41,5481,832-15,134-6,882-17,872-3,491
2015-17,54263575,101-22,291-66,693-4,293
201642,327-3,64534,453-7,27723,044-4,248

Background Notes

This publication is consistent with the Institutional Sector Accounts publication published by the CSO in November 2017. Here we highlight the importance of the Financial Corporations sector which is presented on a subsector by subsector basis and the commentary emphasises the time series behaviour across subsectors. The Financial Transaction account data can be found on the StatBank.

The Financial Balance Sheet (non-consolidated) account shows the stock at the end of each year of the financial assets and liabilities of the sector. A change in balance sheet position from year to year can be explained in part by the net transactions during that year. In addition, valuation changes, exchange rate changes and reclassifications can impact on the balance sheet position. The consolidated account data is available on the StatBank.

S.12 Financial Corporations are corporate bodies producing financial services on a commercial basis. They can take various legal forms, with a range of ownership arrangements. Further details of the subsectors of S.12 and the financial instrument classes are provided in Assets and Liabilities of the Financial Sector Methodology (PDF 142KB)

Note, however, that estimates are not available of the stock of non-financial assets (property, equipment, valuables and intangible non-financial assets) and it is not therefore possible to estimate the net worth of each sector or of the total economy.

For more detailed information see Assets and Liabilities of the Financial Sector Methodology (PDF 142KB)

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