7/27/2019 Ie Financial Statistics Summary Chart Pack
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ontact: [email protected]
06/08/2013
Chart 1: Lending to Irish Resident HouseholdsDefinition: Lending to Irish households covers developments in
lending for house purchase, consumption and other purposes by
banks within Ireland.
Summary: The pace of expansion in lending to households from
2003-2007 was among the highest in the euro area. The subsequent
decline has been particularly large for consumer lending, as both
total and housing related lending have been contracting on an
annual basis since late 2009/early 2010. The extent of the
contraction in household lending in Ireland has been more
pronounced than in the euro area as a whole.
Definition: Lending to Irish non-financial corporations (NFCs) covers
developments in lending to all incorporated non-financial businesses
by banks within Ireland.
Summary: The pace of expansion in lending to NFCs from 2003-2007
was among the highest in the euro area and concentrated in
property related lending. The decline in NFC lending in recent years
has been concentrated in medium- to longer-term loans, which is in
line with the wider contraction in investment in the Irish economy
over the period. Shorter-term lending, including the use of
overdrafts, has, for the most part, continued to increase, albeit at a
much slower pace. There is also evidence of an upward trend in
longer term loans since early 2010.
Definition: Credit to Irish non-financial enterprises (NFEs) covers all
credit to non-financial businesses, irrespective of legal form, by
banks within Ireland. Small and medium sized enterprises (SMEs) are
identified based on standard EU definitions.
Summary: The majority of credit advanced to NFEs continues to be
to SMEs. These enterprises are more likely to be indigenous and
have a higher reliance on funding from the Irish resident banking
system than larger and multi-national enterprises.
Chart 2: Lending to Irish Resident Non-Financial Corporations
Chart 3: Lending to Irish Non-Financial Enterprises
Financial Statistics
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%ChangeYear-on-Year
up to 1 year over 1 year and up to 5 years over 5 years
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%ChangeYear-o
n-Year
Total Lending to Households Lending for House Purchase
Lending for Consumption and Other Purposes
Credit to Large
Enterprises
34,581
37%
Credit to SMEs
58,249
63%
Ref: Q1 2013; million
Full Data Set Available Here
Full Data Set Available Here
Full Data Set Available Here
http://www.centralbank.ie/polstats/stats/cmab/Documents/ie_table_a.5.1_loans_to_irish_households_-_purpose_and_maturity.xlshttp://www.centralbank.ie/polstats/stats/cmab/Documents/ie_table_a.5_loans_to_irish_private_sector_-_sector_and_maturity.xlshttp://www.centralbank.ie/polstats/stats/cmab/Pages/BusinessCredit.aspxhttp://www.centralbank.ie/polstats/stats/cmab/Pages/BusinessCredit.aspxhttp://www.centralbank.ie/polstats/stats/cmab/Documents/ie_table_a.5_loans_to_irish_private_sector_-_sector_and_maturity.xlshttp://www.centralbank.ie/polstats/stats/cmab/Documents/ie_table_a.5.1_loans_to_irish_households_-_purpose_and_maturity.xls7/27/2019 Ie Financial Statistics Summary Chart Pack
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Contact: [email protected]
Chart 4: Irish Resident and Non-Resident Private-Sector Deposits
Definition: Credit to Irish enterprises covers all credit to
businesses, irrespective of legal form, by credit institutions within
Ireland. Sector classifications based on NACE Rev.2.
Summary: Financial Intermediation (including FVCs) and the
property Related sectors of Real Estate and Construction activitiesaccount for 80 per cent of total credit advanced. Of the remaining
20 per cent, Wholesale/Retail Trade & Repairs, Hotels &
Restaurants, Business & Administrative Services, Primary, and
Manufacturing are the main sectors accessing credit from I rish
resident credit institutions.
Definition: Deposits of non-MFI private sector held in banks within
Ireland.
Summary: Following a period of strong growth between 2003 and2006, inflows of deposits from the Irish resident and non-resident
private sector declined sharply from early 2007 onwards. The
annual rate of change in both series turned negative towards the
end of 2008, and as deposit outflows continued to accelerate, the
annual rate of decline in Irish resident private-sector deposits
reached 11 per cent in late 2011, while the contraction in non-
resident private-sector deposits was even more pronounced.
Through 2012 and into 2013, however, private-sector deposits
stabilised and began to increase on an annual basis, first for Irish
resident deposits (August 2012) and then for non-resident
deposits (May 2013).
Note: This series refers to deposits in all credit institutions,
including those in the IFSC. Breakdowns of certain deposit
categories by type of bank are available on the Central Bank
website.
Chart 5: Interest Rates on Household Loans and Deposits
Chart 6: Credit Advanced by Sector
Definition: Weighted average interest rate between Irish resident
banks and households on loans and deposits.
Summary: Interest rates on loans to households increased steadily
between early 2010 and late 2011, following a period of significant
decline from October 2008 to end-2009. Towards the latter part of
2011, interest rates on household loans began to once again
decline, as policy rates were cut. Interest rates on mortgage loans
(which account for 78 per cent of total outstanding loans to
households) have typically reflected changes to the ECB's main
refinancing rate, due to the high proportion of tracker and other
variable rate products in the Irish market. However, over the pastnine months the applicable Irish rate has diverged somewhat from
the ECB's MRO rate. Irish mortgage interest rates have tended to
gradually increase over the last two quarters.
0
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,000
Primary Industries
Manufacturing
Electricity, Gas, Steam and Air
Water Supply, Sewerage, Waste
Wholesale/Retail Trade & Repairs
Transportation and Storage
Hotels and Restaurants
Information and Communication
Business and Administrative
Other Community, Social and
Education
Human Health and Social Work
Extra-Territorial Organisations
million
Financial StatisticsSUMMARY CHART PACK
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%ChangeYear-on
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Irish Resident Private-Sector Deposits Non-Resident Private-Sector Deposits
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%
Loans Deposits
28%
52%
20%
Property Related
Financial Intermediation
Other
Total: 195 billion Total excl. property related and financial i ntermediation: 39 billion
Ref: Q1 2013
Full Data Set Available Here
Full Data Set Available Here
Full Data Set Available Here
http://www.centralbank.ie/polstats/stats/cmab/Pages/Retail%20Interest%20Rate%20Statistics.aspxhttp://www.centralbank.ie/polstats/stats/cmab/Pages/HouseholdCredit.aspxhttp://www.centralbank.ie/polstats/stats/cmab/Documents/ie_Table%20A.14_Credit_Advanced_to_Irish_Resident_Private-Sector_Enterprises.xlshttp://www.centralbank.ie/polstats/stats/cmab/Documents/ie_Table%20A.14_Credit_Advanced_to_Irish_Resident_Private-Sector_Enterprises.xlshttp://www.centralbank.ie/polstats/stats/cmab/Pages/HouseholdCredit.aspxhttp://www.centralbank.ie/polstats/stats/cmab/Pages/Retail%20Interest%20Rate%20Statistics.aspx7/27/2019 Ie Financial Statistics Summary Chart Pack
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Contact: [email protected]
Chart 7: Household Net WorthDefinition: Household net worth is equal to the household sectors'
stock of financial and housing assets minus its stock of liabilities.
Summary: The expansion of net worth in the series was largely
driven by the rapid growth in the value of housing assets. The
subsequent decline in net worth was also significantly driven by this
factor, but mitigated by the reduction in household liabilities.
Note : Housing Assets based on internal Central Bank of Ireland
estimates (available upon request).
Definition: The number of mortgage accounts on principal dwelling
homes (PDH) that are in arrears equivalent to at least 90 days past
due.
Summary: The number of mortgage accounts in arrears of over 90
days has increased significantly in recent years, from 3.1 per cent of
all outstanding mortgages on PDH properties at end-Q3 2009 to 12.3
per cent at end Q1 2013.
Chart 8: Household Debt
Chart 9: Mortgage Arrears
Definition: Household debt is represented by total household loans
at the end of each quarter. Household indebtedness can be
measured by total household loans as a percentage of disposable
income measured by a four-sum moving average. The latter is
sourced from the CSO's institutional accounts.
Summary: The chart shows the growth in household indebtedness
over the series as households' loans grew strongly. Household loans
peaked at Q4 2008.
Note: Disposable income available from
www.cso.ie
Financial StatisticsSUMMARY CHART PACK
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Financial Assets Housing Assets Liabilities Net Worth
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%
ofDisposableIncome
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Debt (LHS) Debt as a % of Disposable Income (RHS)
0.0%
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ThousandsofMortgages
In arrears 91 to 180 days In arrears over 180 days % in arrears for more than 90 days
Information Release Available Here
Information Release Available Here
Data Set Available Here
Data Set Available Here
Full Data Set Available Here
http://www.cso.ie/http://www.cso.ie/http://www.centralbank.ie/POLSTATS/STATS/QFACCOUNTS/Pages/releases.aspxhttp://www.centralbank.ie/POLSTATS/STATS/QFACCOUNTS/Pages/releases.aspxhttp://www.centralbank.ie/polstats/stats/qfaccounts/Pages/Data.aspxhttp://www.centralbank.ie/polstats/stats/qfaccounts/Pages/Data.aspxhttp://www.centralbank.ie/polstats/stats/mortgagearrears/Documents/data.xlshttp://www.centralbank.ie/polstats/stats/mortgagearrears/Documents/data.xlshttp://www.centralbank.ie/polstats/stats/qfaccounts/Pages/Data.aspxhttp://www.centralbank.ie/polstats/stats/qfaccounts/Pages/Data.aspxhttp://www.centralbank.ie/POLSTATS/STATS/QFACCOUNTS/Pages/releases.aspxhttp://www.centralbank.ie/POLSTATS/STATS/QFACCOUNTS/Pages/releases.aspxhttp://www.cso.ie/7/27/2019 Ie Financial Statistics Summary Chart Pack
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Contact: [email protected]
Chart 10: Government LiabilitiesDefinition: Government liabilities differ from the Excessive Deficit
Procedure (EDP) measure of debt as it is calculated on a non-
consolidated basis, and is measured at a market value. The chart
also shows Quarterly Government Debt (QGD), which is the
standard quarterly measure of debt consistent with EDP
methodology.
Summary: Government liabilities have grown substantially since
2008. The expansion has been largely driven by an increase in
loans and securities. The promissory note issued to IBRC is
classified as loans in financial accounts. The funding from the
EU/IMF programme is also classified as loans.
Definition: The consolidated banking statistics detail the claims of
the domestic banks on non-residents, by counterpart country and
sector on an ultimate risk basis i.e. according to the country and
sector where the ultimate guarantor of the risk resides.
Summary: The chart shows that the majority of claims are on the
UK, and gives the sectoral breakdown of these claims.
Definition: A breakdown of the maturity profile of Irish long-term
government bonds.
Summary: The outstanding value of long-term government debt
was 115.4 billion at end-May 2013. Over the next three years,
21.4 billion (or 18 per cent) of euro-denominated long-term debt
will fall due; 60 per cent of which is payable to non-resident
investors. At end-May 2013, Irish resident investors accounted for
44 per cent of long-term Irish government bonds compared with
27 per cent in May 2012.
Chart 11: Foreign Claims of Irish-Owned Banks
Chart 12: Maturity Profile of Irish Long-Term Government Bonds
Financial StatisticsSUMMARY CHART PACK
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Long-Term Securities Loans
Deposits Short-Term Securities
Other QGD
Germany
2%
US
5%
France
4%
Spain
2%
ROW
13%
Credit
Institutions
3bn
Public Sector
8bn
Private Sector
67bn
All Foreign Claims % UK Claims bn
Ref: Q1 2013
Note: QGD available from:
http://epp.eurostat.ec.europa.eu/
Information Release Available Here
Data Set Available Here
Full Data Set Available Here
Full Data Set Available Here
May-13 Resident Non-Resident
Breakdown 44% 56%
Amounts due to mature
in:
< 3 Years 18% 19%
3 to 5 years 4% 6%
5 to 10 years 19% 61%
10 to 15 years 8% 12%
> 15 years 51% 2%
Total 100% 100%
http://epp.eurostat.ec.europa.eu/http://epp.eurostat.ec.europa.eu/http://www.centralbank.ie/POLSTATS/STATS/QFACCOUNTS/Pages/releases.aspxhttp://www.centralbank.ie/polstats/stats/qfaccounts/Pages/Data.aspxhttp://www.centralbank.ie/polstats/stats/conbs/Documents/ie_consolidated_banking_statistics_foreign_claims.xlshttp://www.centralbank.ie/polstats/stats/sis/Pages/releases.aspxhttp://www.centralbank.ie/polstats/stats/sis/Pages/releases.aspxhttp://www.centralbank.ie/polstats/stats/conbs/Documents/ie_consolidated_banking_statistics_foreign_claims.xlshttp://www.centralbank.ie/polstats/stats/qfaccounts/Pages/Data.aspxhttp://www.centralbank.ie/POLSTATS/STATS/QFACCOUNTS/Pages/releases.aspxhttp://epp.eurostat.ec.europa.eu/7/27/2019 Ie Financial Statistics Summary Chart Pack
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Contact: [email protected]
Chart 13: Value of Irish Resident Investment Fund Shares/Units
Chart 14: No. of Reporting Irish Resident FVCs and Total Assets
Definition: The value of Irish resident investment funds and
inflows from investors.
Summary: The value of the industry has increased very strongly
since the start of the data series in Q4 2008 and, based on the net
asset value of investment funds, passed the 1 trillion mark in Q1
2013. Irelands share of the euro area industry has increased
steadily and now stands at almost 15 per cent. Over half of all
euro area hedge funds are resident here. The key driving factor
has been transactions inflows, reflecting new funds and investor
flows into existing funds, rather than revaluation changes (though
a reclassification from money market to investment funds drove
the large increase in Q4 2011).
Definition: FVCs are entities that are set up for the purpose of
carrying out securitisation activities, which is where these vehicles
take on the credit risk of an asset.
Summary: This chart shows the total asset value and the number
of reporting Irish resident FVCs since Q4 2010. The chart reflects
that overall value of assets increased for the first time since Q4
2010, with assets increasing to 450.2 billion in Q1 2013, up from
441.9 as at the close of Q4 2012. This increase was entirely driven
by NAMA transactions. However over the same period, the total
number of reporting entities decreased from 748 in Q4 2010 to
682 as at the close of Q1 2013.
Financial StatisticsSUMMARY CHART PACK
Full Data Set Available Here
Full Data Set Available Here
576.1
543.8 533.7516.6
499.6481.1
469.4457.2 441.9 450.2
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b
illion
NumbersRep
orting
Total Assets (LHS) Number of Reporting Irish Resident FVCs (RHS)
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Transaction Net Inflows (LHS) Value of Investment Funds (RHS)
billion
2009
billion
http://www.centralbank.ie/polstats/stats/investfunds/Documents/ie_investment_funds_data.xlshttp://www.centralbank.ie/polstats/stats/fvc/Documents/ie_financial_vehicle_corporations.xlshttp://www.centralbank.ie/polstats/stats/fvc/Documents/ie_financial_vehicle_corporations.xlshttp://www.centralbank.ie/polstats/stats/investfunds/Documents/ie_investment_funds_data.xls