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Methodological Manual on Money, Banking and Financial Market Statistics in the Accession Countries

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BCE ECB EZB EKP EKT MONEY, BANKING AND FINANCIAL MARKET STATISTICS IN THE ACCESSION COUNTRIES METHODOLOGICAL MANUAL VOLUME II MONEY, BANKING AND FINANCIAL MARKET STATISTICS IN THE ACCESSION COUNTRIES VOLUME II May 2003 EUROPEAN CENTRAL BANK May 2003 STATISTICS ON OTHER FINANCIAL INTERMEDIARIES, FINANCIAL MARKETS AND INTEREST RATES IN THE ACCESSION COUNTRIES May 2003 © European Central Bank, 2003 Address Kaiserstrasse 29 D-60311 Frankfurt am Main Germany Postal address Postfach 16 03 19 D-60066 Frankfurt am Main Germany Telephone +49 69 1344 0 Internet http://www.ecb.int Fax +49 69 1344 6000 Telex 411 144 ecb d All rights reserved. Reproduction for educational and non-commercial purposes is permitted provided that the source is acknowledged. The views expressed in this paper are those of the authors and do not necessarily reflect those of the European Central Bank. ISBN 92-9181-338-9 (print) ISBN 92-9181-339-7 (online) Contents List of contributors 6 Introduction 8 Bulgaria 11 1 Other financial intermediaries statistics 13 2 Financial market statistics 18 3 Securities issues statistics 21 4 Financial derivatives statistics 27 5 Monetary financial institution interest rate statistics 29 6 Contacts at the National Bank of Bulgaria 35 Cyprus 37 1 Other financial intermediaries statistics 40 2 Financial market statistics 46 3 Securities issues statistics 58 4 Financial derivatives statistics 65 5 Monetary financial institution interest rate statistics 68 6 Contacts at the Central Bank of Cyprus 73 Czech Republic 75 1 Other financial intermediaries statistics 78 2 Financial market statistics 84 3 Securities issues statistics 91 4 Financial derivatives statistics 98 5 Monetary financial institution interest rate statistics 104 6 Contacts at the Czech National Bank 109 Estonia 111 1 Other financial intermediaries statistics 113 2 Financial markets statistics 116 3 Securities issues statistics 120 4 Financial derivatives statistics 122 5 Monetary financial institution interest rate statistics 124 6 Contact at the Bank of Estonia 127 Hungary 129 1 Other financial intermediaries statistics 132 2 Financial market statistics 135 3 Securities issues statistics 140 4 Financial derivatives statistics 145 5 Monetary financial institution interest rate statistics 147 6 Contacts at the National Bank of Hungary 151 ECB • Money, Banking and Financial Market Statistics in the Accession Countries - Volume II • May 2003 3 Latvia 153 1 Other financial intermediaries statistics 155 2 Financial market statistics 160 3 Securities issues statistics 169 4 Financial derivatives statistics 176 5 Monetary financial institution interest rate statistics 181 6 Contacts at the Bank of Latvia 185 Lithuania 187 1 Other financial intermediaries statistics 189 2 Financial market statistics 191 3 Securities issues statistics 195 4 Financial derivatives statistics 199 5 Monetary financial institution interest rate statistics 201 6 Contacts at the Bank of Lithuania 203 Malta 205 1 Other financial intermediaries statistics 207 2 Financial market statistics 210 3 Securities issues statistics 212 4 Financial derivatives statistics 214 5 Monetary financial institution interest rate statistics 216 6 Contacts at the National Bank of Malta 218 Poland 219 1 Other financial intermediaries statistics 221 2 Financial markets statistics 226 3 Securities issues statistics 231 4 Financial derivatives statistics 236 5 Monetary financial institution interest rate statistics 241 6 Contact at the National Bank of Poland 245 Romania 247 1 Other financial intermediaries statistics 249 2 Financial market statistics 259 3 Securities issues statistics 261 4 Financial derivatives statistics 263 5 Monetary financial institution interest rate statistics 264 6 Contacts at the National Bank of Romania 267 Slovakia 269 1 Other financial intermediaries statistics 271 2 Financial market statistics 273 3 Securities issues statistics 277 4 ECB • Money, Banking and Financial Market Statistics in the Accession Countries - Volume II • May 2003 4 Financial derivatives statistics 279 5 Monetary financial institution interest rate statistics 281 6 Contacts at the National Bank of Slovakia 283 Slovenia 285 1 Other financial intermediaries statistics 287 2 Financial market statistics 290 3 Securities issues statistics 296 4 Financial derivatives statistics 303 5 Monetary financial institution interest rate statistics 305 6 Contacts at the Bank of Slovenia 307 ECB • Money, Banking and Financial Market Statistics in the Accession Countries - Volume II • May 2003 5 List of contributors Bulgaria Bulgarian National Bank: Mr. Andrey Zarev Mrs. Katia Mincheva Mr. Radi Ivanov Mrs. Violeta Peicheva Cyprus Central Bank of Cyprus: Mrs. Eliana Psimolophitou Mrs. Androulla Melifronidou Ms. Christina Nicolaidou Czech Republic Czech National Bank: Mr. Zbynek Karnet Ms. Iva Chrtkova Mr. Josef Jilek Ms. Magda Gregorova Estonia Bank of Estonia: Mrs. Liina Seestrandt Hungary National Bank of Hungary: Mr. László Lakatos Mrs. Erzsébet Kozdrony Mr. Erik Horgász Mrs. Brigitta Sulyok Latvia Bank of Latvia: Mrs. Zigrida Austa Mrs. Jelena Zubkova Mrs. Gunta Andersone Lithuania Bank of Lithuania: Mrs. Jurgita Maslauskaite Ms. Birute Grikinyte Mrs. Ausra Buiviene Statistics Lithuania: Ms. Daiva Bersenaite Malta Central Bank of Malta: Mr. Jesmond Pule' Mr. Roderick Psaila 6 ECB • Money, Banking and Financial Market Statistics in the Accession Countries - Volume II • May 2003 Poland National Bank of Poland: Ms. Ewa Laskowska Ministry of Finance: Mr. Maurycy Michalski National Depository for Securities: Mr. Leszek Kolakowski Polish Securities and Exchange Commission: Ms. Magdalena Jagodzińska Mr. Krzysztof Szewczyk Warsaw Stock Exchange: Ms. Monika Matlak Romania National Bank of Romania: Mr. Virgil Stefanescu Slovakia National Bank of Slovakia: Mrs. Jana Susková Mr. František Szulényi Mrs. Daniela Mareková Bratislava Stock Exchange: Mr. Štefan Molnár Financial Market Authority: Mr. Richard Hulín Slovenia Bank of Slovenia: Mr. Tomo Narat Mrs. Tanja Golob Mrs. Ana Gorišek Mrs. Alenka Repovž European Central Bank Mrs. Nicole De Windt ECB • Money, Banking and Financial Market Statistics in the Accession Countries - Volume II • May 2003 7 Introduction Background The main tasks of the European Central Bank as the “Methodological Manual”). Statistics in (ECB) relate to the collection and production these areas are also required for the conduct of euro area statistics. However, the ECB of monetary policy. also has responsibilities under Article 5 of the Statute of the European System of Central Banks and of the European Central Aim Bank towards Member States of the European Union (EU) which are not yet The aim of Volume II the “Methodological participating in the euro area. The accession Manual”, is to describe the statistical data negotiations, which determine the conditions collection methods used in each accession under which each accession country will join country and, thereby, to gain a better the EU were successfully completed at the understanding of the statistics, other than Copenhagen Summit in December 2002. The monetary statistics, compiled in those countries already high level of co-operation with these that fall under the responsibility of the ECB’s countries can be expected to intensify further. Money and Banking Statistics Division. The present edition contains information as at the The initiative to compile a methodological end of 2002. manual for money and banking statistics in the accession countries was originally Data requirements concerning financial launched at the first seminar on money and institutions outside the monetary financial banking statistics held with the central banks institution (MFI) sector, including collective of the 12 accession countries1 at the ECB in investment institutions other than money Frankfurt am Main on 15 and 16 December market funds, are of utmost importance to 1999. It was envisaged that the manual would complement monetary statistics. Data on MFI be published in two volumes. interest rates are needed to monitor the transmission of monetary policy, to better Volume I was intended to provide information understand the structure of financial markets on the legal and institutional background to and to assess financial conditions in different the compilation of those statistics in the sectors of the euro area economy. Securities accession countries that are the responsibility issues and non-monetary financial institutions of the ECB’s Money and Banking Statistics are an alternative to bank finance for Division and, specifically, to outline the borrowers and a substitute for certain claims current definitions used for the collection on banks, some of which may be included in and compilation of monetary statistics. It also M3, for lenders. Finally, data on financial described the extent to which the accession markets and financial derivatives provide countries already meet the ECB’s statistical additional tools to study the changing of the requirements (or will do so in the near financial world. future) and compile national monetary statistics that are conceptually consistent Structure with euro area monetary statistics. This volume was first published in April 2001 and The present Volume II consists of 12 country an update is scheduled for publication in the chapters. Each country chapter comprises first half of 2003. five sections: The present Volume II, which is being published for the first time, is entitled “Statistics on other financial intermediaries, financial markets and interest
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