Footnotes to the report Financial Market Statistics

The report is available at www.scb.se/FM5001-en

a) For the period 1975-1995 there is a residual because some of the lending and deposits where reported undistributed during this period, see 6. Balance sheets. The residual has been distributed to Swedish non-MFI but has not been distributed into any subsector.

b) For housing credit institutions separate information regarding Shares and other equities are missing between 1996-97. Shares and other equities were reported as Other assets during the period.

c) In 1998 the currency was divided into Swedish kronor, Other EU-currencies and Other foreign currencies. From 1999 Other

EU-currencies stands for ”EU-currencies other than SEK and ’Euro and EMU-currencies”. This causes a break in the time series with a decrease from 1999.

d) There is a break in the time series for housing credit institutions between December 1995 and January 1996. The reason for the break is because of two institutions, who earlier where merged, is calculated separately from January 1996.

e) Finance companies’ balance sheet for the period 1975-1979 contains the group funding companies (Sw. Finansieringsföretag) where the population who later became Finance companies represents approximately 95 percent.

f) The Association banks (Sw. Föreningsbanker) are included in the group Banking companies until October 1997.

1) The column "Valuation difference" in table 3 (7.17.1, 7.17.2 and 7.17.3) intends the difference between Table 3 and Table 2. Table 2 contains book value and table 3 contains fair value. Except the difference between book value and fair value, the valuation difference can be due to other effects, for example the difference in currency exchange rates. Different data sources are used for the tables. Table 2 is based on collected information from MFIs whereas data from Statistic Sweden’s Securities statistics is used in table 3. Other possible “valuation differences” are:

• Exchange rate differences that occur if different exchange rates are used for foreign debt securities.  
• Delimitation problems between loans and foreign debt securities, for example in private-placements, or between derivatives and foreign debt securities. 

2) The column "Valuation difference" in table 1 (7.17.1, 7.17.2 and 7.17.3) refers to the difference between Certificates + Bonds and Total. Certificates and Bonds uses fair value, while Total uses book value. The reason is that different data sources are used. Certificates and Bonds are based on data from Statistics Swedens’ survey Värdepappersinnehav (VINN), while the Total is based on data from Statistics Sweden’s survey Balansstatistik för monetära finansinstitut (MFI). Other possible “valuation differences” are exchange rate differences that occur if different exchange rates are used for foreign debt securities.  

2024

March

A reporting institution has reclassified collateral for lending to non-financial corporations, from Other collateral to Unsecured credits.

 

February

A reporting institution reclassified counterparties regarding loan from entrepreneurial households to other households.

January

A reclassification has been made on unsecured loans with other households for approximate SEK 14 billion. The reclassification is made to not affect the growth rates.

2022

July

A Savings bank was transformed into a banking company.

June

A reporting institution has reclassified collateral for lending to non-financial corporations. Applies to Other collateral and Unsecured credits.

2021

November

A reporting institution has reclassified counterparties regarding loans from non-financial corporations to local government back to September 2019.

October

A reporting institution has reclassified collateral for lending to non-financial corporations, from Single-family dwellings to Other properties.

May

A reporting institution has reclassified collateral for lending to non-financial corporations. Applies to the collateral One- to two-family dwellings, Multi-dwelling building and Other properties.

January

A reporting institution has reclassified collateral for lending to non-financial corporations. Applies to the collateral Financial instruments, Other guarantee, Other collateral and Unsecured credits.

2020

July

A significant revision regarding collateral for lending to nonfinancial corporations was made for the period 2017-2018.

January

Lending to households in table 7.1.1 contains information for MFIs, mortgage credit companies and AIFs as of January 2018. 

MFI’s lending is still reported separately in table 7.1.2. Lending of mortgage credit companies and AIFs to households is reported separately in table 7.1.3.

Because of these changes, lending by banks is now available in table 7.1.4, housing credit institutions in table 7.1.5, finance companies in table 7.1.6 and other MFIs lending in table 7.1.7. There are no changes concerning the content in these tables. 

Tab 7.3  is now reporting lending from mortgage credit companies and AIFs to households and broken down by security in table 7.3.1.

Observe that lending from mortgage credit companies and AIFs in the period January to November 2018 is based on calculations from the Riksbank. 

2019

September

Monetary Financial Institutes’ securities are mainly based on data from Statistics Sweden’s survey

Värdepappersinnehav (VINN) instead of Statistics Sweden’s survey Balansstatistik för monetära finansinstitut (MFI). Tables affected by this in the publication “Financial Market Statistics, MM YY” contain red marks.

July

A Savings bank was transformed into a banking company

March

Two finance companies with affiliated branches were merged with a bank.                               

A Swedish monetary investment fund (money market fund) was reclassified to an investment fund and is no longer included in the population.

2018

December

In December 2018 a Swedish banks branch was transformed to subsidiary.

November

In November 2018 a finance company ceased to exist.

October

In October 2018 a banking company ceased to exist and a foreign bank branch in Sweden was added to the population.

January

In January 2018 one finance company closed down. Due to this, total assets decreased by SEK 17 billion.

2017

December

In December 2017 foreign branches to a Swedish finance company was added to the population which increased total assets for finance companies and MFI:s by SEK 13 billion.

August

In August 2017 a housing credit institution was added to the population.

June

In June 2017 a finance company was transformed into a banking company. In June 2017 one finance company also closed down. Due to this, total assets decreased by SEK 43 billion.

January

In January 2017 three foreign subsidiaries was transformed to branches, which increased the total assets for banks and MFIs.

2016

October

In October 2016 a Finance company was transformed into a banking company.

2015

September

In September 2015 a reclassification occurred in the banking company sector; SEK 24 billion was transferred from non-financial corporations to Entrepreneur households.

May

A financial company was transformed into a banking company.

2014 

November

In November 2014 three finance companies were merged with a bank. Due to this, lending to non-financial corporation and households, SEK 23 billion respectively SEK 8 billion, have moved from the finance companies sector to the bank sector. The leasing decreased in the finance companies sector with SEK 12 billion and the bank sector increased with corresponding value. 

2012

November

In November 2012 an ”Other MFI” was transformed into a banking company. 

October

A foreign bank branch in Sweden has transferred loans (SEK 4 billion) to an abroad Financial Vehicle Corporation (FVC).

April

Revised figures from February 2012 until March 2012 due to change in definition in money market funds. As a consequence of this Other MFIs' issued shares in money market funds is decreased with approximately SEK 76 billion. Other MFIs' holdnings in securities other than shares is reduced with approximately SEK 74 billion. The change in definition is due to harmonizing according to European standards which decreases the number of money markets funds.

March

In March 2012 a finance company merged with a bank. A bank bought loans from a housing credit institution amounting to SEK 9 billion.

February

In February 2012 a finance company was transformed into a banking company.

2011

September

In September finance companies reclassified operational leasing to financial leasing by SEK 6 billion. Due to this lending to Swedish non-financial corporations increased by SEK 2.7 billion.

August

Loans to foreign non-MFIs amounting to SEK 27 billion have been sold from a banking company to a housing credit institution.

March

Loans to households amounting to SEK 6 billion have been sold from a foreign bank branch to a banking company.

2010

December

The banks have sold loan portfolios containing unsecured credits to households amounting to SEK 3 billion. 

November

In November 2010 a housing credit institution was transformed into a banking company. Due to this the banking sector's lending to households increased by SEK 16 billion and the lending to non-financial corporations increased by SEK 20 billion.

In November 2010 a savings bank and a banking company merged into a single banking company. Due to this lending to households amounting to SEK 10 billion is transferred between the sectors.

September

The counterpart name Other financial intermediaries and finance auxiliaries have changed to Financial corporate sector, not MFI.

The time period January 1996-February 2003 have been revised due to an update of the included reporting institutions.

2009

November

In November 2009 a foreign bank branch in Sweden transferred loans (SEK 10 billion) to a foreign MFI. Due to this lending to non-financial corporations decreased by SEK 5 billion and lending to the public sector also decreased by SEK 5 billion.

April

From April 2009 and onward, monetary investment funds (money market funds), are included in the MFI reference sector. Data have been added in the tables as of and from March 2005 onward. 

In April 2009 one foreign bank branch closed down. Due to this the banking sector's lending to non-financial corporations decreased by SEK 11 billion.

2008

October

In October 2008 one Other MFI closed down. Its loans were transferred to the housing credit institution sector. Due to this the housing credit institution sector's lending to households increased by SEK 37 billion, of which Entrepreneurial households increased by SEK 31 billion.

September

In September 2008 a finance company and a monetary securities company was transformed into banking companies. Due to this the banking sector's lending to households increased by SEK 8.6 billion and the lending to nonfinancial corporations increased by SEK 5.4 billion.

August

In August 2008 a Swedish bank branch outside Sweden transferred loans (SEK 48 billion) to a housing credit institution's branch outside Sweden.

2007

December

In December 2007 a finance company was transformed into a banking company. Due to this the banking sector's lending to households increased by SEK 1.6 billion.

October

In October 2007 a housing credit institution and a finance company merged with a bank. The housing credit institution's total assets amounted to SEK 245 billion and the assets of the Finance company amounted to SEK 36 billion. As of the merger, lending to non-financial corporations increased by SEK 42 billion in the banking sector, SEK 28 billion from the housing credit institutions sector and SEK 14 billion from the finance companies sector. The banking sector's lending to households increased by SEK 199 billion, of which SEK 198 billion from the housing credit institutions sector.

May

In May 2007 housing credit institutions lending with multidwelling buildings as collateral increased by SEK 7 billion due to that a Special Purpose Vehicles securitisation fell due.

April

In April 2007 a reclassification occurred in the housing credit institution sector; SEK 11 billion was transferred from Other households to Entrepreneurial households.

In April 2007 one Finance company closed down. Due to this, total assets decreased by SEK 9 billion and operational leasing decreased by SEK 6 billion.

2006

December

In December 2006 housing credit institutions lending single-family dwellings as collateral increased by SEK 6 billion due to that a Special Purpose Vehicles securitization fell due. 

March

Bank branches outside Sweden's lending increased by SEK 2.6 billion due to transmission of credit stocks from the finance companies sector.

2004

December

In December 2004 the reporting quality of bank´s lending divided on different collaterals was improved. Previously a larger amount of loans was reported as Other collateral and Unsecured credits.

2003

December

In December 2003 a reclassification occurred in the housing credit institution sector; SEK 3 billion was transferred from Other households to Entrepreneur households.