LIST OF MONETARY FINANCIAL INSTITUTIONS AND INSTITUTIONS SUBJECT TO MINIMUM RESERVES FEBRUARY 2006 LIST OF MONETARY FINANCIAL INSTITUTIONS AND INSTITUTIONS SUBJECT TO MINIMUM RESERVES FEBRUARY 2006 In 2006 all ECB publications will feature a motif taken This paper can be downloaded from from the €5 banknote. the ECB’s website (http://www.ecb.int). © European Central Bank, 2006 Address Kaiserstrasse 29 60311 Frankfurt am Main, Germany Postal address Postfach 16 03 19 60066 Frankfurt am Main, Germany Telephone +49 69 1344 0 Website 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. As at end-December 2005. ISSN 1725-3322 (online) Contents Section 1 Overview Foreword ......................................................................................................................................... vi Definition of terms ..........................................................................................................................viii MFI sector analyses: as at the end of December 2005 Chart 1: The EU MFI sector by country and by category ......................................................... ix Chart 2: Percentage share of the EU MFI sector by country..................................................... x Chart 3: Percentage share of the EU MFI sector by category................................................... x Chart 4: Foreign branches in the EU by country of residence and head office location .......... xi MFI sector analyses: 1 January 1999 to end-December 2005 Chart 5: Development of the EU MFI sector............................................................................ xii Chart 6: Total net change in the MFI sector by country........................................................... xii Section 2 List of MFIs and institutions subject to minimum reserves Euro area Member States ECB ..........................................................................................................................................1 Belgium .. ……………………………………………………………………………………………...2 Germany...................................................................................................................................5 Greece…………………………………………………………………… .....................................45 Spain ......................................................................................................................................47 France ....................................................................................................................................57 Ireland ....................................................................................................................................89 Italy.......................................................................................................................................100 Luxembourg .........................................................................................................................116 Netherlands ..........................................................................................................................128 Austria ..................................................................................................................................136 Portugal ................................................................................................................................153 Finland..................................................................................................................................158 Non-euro area Member States Czech Republic ....................................................................................................................165 Denmark...............................................................................................................................167 Estonia .................................................................................................................................171 Cyprus ..................................................................................................................................172 Latvia……………………………………………………………………......................................180 Lithuania...............................................................................................................................182 Hungary................................................................................................................................184 Malta.....................................................................................................................................188 Poland ..................................................................................................................................189 Slovenia................................................................................................................................202 Slovakia................................................................................................................................203 Sweden ................................................................................................................................204 United Kingdom....................................................................................................................208 iii Abbreviations European Union Countries BE Belgium CZ Czech Republic DE Germany DK Denmark GR Greece EE Estonia ES Spain CY Cyprus FR France LV Latvia IE Ireland LT Lithuania IT Italy HU Hungary LU Luxembourg MT Malta NL Netherlands PL Poland AT Austria SI Slovenia PT Portugal SK Slovakia FI Finland SE Sweden UK United Kingdom Acceding Countries BG Bulgaria RO Romania Others AC Acceding countries ECB European Central Bank EU European Union MFIs Monetary financial institutions NCBs national central banks n/a not applicable ROW Rest of the world Section 1 Overview Foreword the national central banks of the European Background Union and the ECB, the List of MFIs includes credit institutions (as defined in Community The “List of Monetary Financial Institutions law), money market funds and other and institutions subject to minimum reserves” institutions satisfying the definition of an MFI. (“List of MFIs”) is published by the European Central Bank in accordance with Article 3.2 of Moreover, the List of MFIs is based on the Regulation of the European Central Article 19.1 of the Statute of the European Bank of 22 November 2001 concerning the System of Central Banks and of the consolidated balance sheet of the monetary European Central Bank (Statute of the financial institutions sector (ECB/2001/13), as ESCB), which empowers the ECB to require amended, and Article 2.3 of the Regulation of credit institutions established in the euro area the European Central Bank of 12 September to hold minimum reserves in pursuance of 2003 on the application of minimum reserves monetary policy objectives. (ECB/2003/9). Branches located in the euro area of institutions without a registered office in the Aim euro area are also subject to the Eurosystem’s minimum reserve requirements. This publication relates to the Monetary The ECB may exempt a specific institution if Financial Institutions sector (MFI sector) as at it is subject to winding-up proceedings or the end of December 2005. restructuring measures, or if the application of the Eurosystem’s minimum reserve The List of MFIs comprises institutions requirements to the institution concerned resident in the European Union that comply would not serve the intended purpose. Only fully with the definition of an MFI1 and institutions subject to the Eurosystem’s correspond to Sectors 121 and 122 of the minimum reserve requirements are eligible to European System of Accounts 1995 be counterparties to the Eurosystem’s (ESA 95)2 classification. monetary policy operations. The objectives of the List of MFIs include enabling the production of a comprehensive Structure and consistent balance sheet of the money- creating sector of the euro area and ensuring The introductory pages of this publication that the information on the statistical provide definitions of relevant terms and reporting population is as complete, accurate analyses of the MFI sector in the European and homogeneous as possible. In addition to Union as at the end of December 2005, 1 See “Definition of terms and captions”. 2 The European System of Accounts 1995 (ESA 95) and Official Journal L 310, 30 November 1996. vi including developments since the start of Stage Three of Economic and Monetary Procedures for monitoring and continuous Union (see Charts 1 to 6). MFIs of new checking have been established to ensure Member States are included in the list as of that the information contained in the List of May 2004 upon their accession to the EU. MFIs remains up-to-date, accurate and consistent. The main body of this document provides a This publication is available only in English, comprehensive listing, by country and by with translations being left to the discretion of category, of the MFIs established in the the national central banks of the European European Union. It also states whether or not Union. each institution is subject to the Eurosystem’s minimum reserve requirements. February 2006 All the information in this publication has been provided by the national central banks of the EU Member States. It should be noted that, in accordance with Community practice, the countries are listed using the alphabetical