Financial Accounts of Financial Corporations

06. June

Q1/2024

Total financial assets of the financial institutions stood at 20,323.1 b.kr., at the end of 1st quarter of 2024, an increase of 678.4 b.kr. from the last quarter. The main changes between quarters are that shares and other equity increased by 280.6 b.kr and currency and securities other than shares increased by 165.6 b.kr. Total liabilities of financial corporations amounted to 20,503.1 b.kr and increased by 678.4 b.kr. in the quarter. The main changes are an increase in loans by 45.9 b.kr. and an increase in currency and deposits by 200.2 b.kr., net financial liabilities amounted to 180.0 b.kr. at the end of 1st quarter of 2024.
Households’ loans from Financial Corporations at the end of 1st quarter of 2024 stood at 3,005.1 b.kr. thereof 2,620.6 b.kr. in mortgage loans. Non-financial corporations’ loans from Financial Corporations stood at 2,468.5 b.kr. Non-financial Corporations’ securities owned by Financial Corporations stood at 499.9 b.kr. at the end of 1st quarter of 2024.
The financial accounts are published as a total balance sheet for financial corporations but also by sectors and counter parties.

Time series are published for all financial corporations and also by sectors. The time series for non-financial corporations´ debt to financial corporations show the debts classified by type of lenders and by type of loans. It also includes non-financial corporations´ securities owned by financial corporations. The time series for household debts show the debts classified by lenders and by type of loans. It also includes mortgage loans classified by type.
The financial accounts are published according to the European System of Accounts (ESA2010) and The International Monetary Fund´s standard for monetary and financial statistics.
Statistics Iceland publishes Financial Accounts for all sectors on its website.

Financial Accounts on Statistics Iceland website


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