BULGARIAN NATIONAL BANK ANNUAL REPORT 2012 APPENDIX

Transcription

1 BULGARIAN NATIONAL BANK ANNUAL REPORT 2012 APPENDIX

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3 CONTENTS 1 Macroeconomic Indicators 5 2 Monetary and Financial Statistics 2.1. Balance Sheet of the BNB Monetary Survey BNB Analytical Reporting Analytical Reporting of Other MFIs Claims on Loans by Sector Claims on Loans by Currency Claims on Loans by Original Term to Maturity Claims on Loans to Households Sector by Type Deposits of Non-financial Corporations, Households and NPISHs by Amount Category Deposits of Non-financial Corporations, Households and NPISHs by Economic Activity Loans of Non-financial Corporations, Households and NPISHs by Amount Category Loans of Non-financial Corporations, Households and NPISHs by Economic Activity Interbank Market Indices Yield on Government Securities and Long-term Interest Rate for Convergence Assessment Purposes Interest Rates and Volumes of New Business on Loans to Non-financial Corporations Sector by Period of Initial Rate Fixation Interest Rates and Volumes of Outstanding Amounts on Loans to Non-financial Corporations Sector Interest Rates and Volumes of New Business on Loans to Households Sector by Period of Initial Rate Fixation Annual Percentage Rate of Charge of New Business on Loans to Households Sector Interest Rates and Volumes of Outstanding Amounts on Loans to Households Sector Interest Rates and Volumes of New Business on Deposits with Agreed Maturity of Non-Financial Corporations Sector Interest Rates and Volumes of Outstanding Amounts on Overnight Deposits, Deposits with Agreed Maturity and Deposits Redeemable at Notice of Non-Financial Corporations Sector Interest Rates and Volumes of New Business on Deposits with Agreed Maturity of Households Sector Interest Rates and Volumes of Outstanding Amounts on Overnight Deposits, Deposits with Agreed Maturity and Deposits Redeemable at Notice of Households Sector 36 3 Supervision Statistics 3.1. Balance Sheet of the Banking System Income Statement of the Banking System Banks Groups Balance Sheet of Group I Banks Income Statement of Group I Banks Balance Sheet of Group II Banks Income Statement of Group II Banks Balance Sheet of Group III Banks Income Statement of Group III Banks Capital Adequacy of the Banks (under Ordinance No. 8 of the BNB) Liquidity of the Banks (under Ordinance No. 11 of the BNB) 59 4 Non-Bank Financial Institutions 4.1. Claims under Lease Contracts - Stocks Claims under Lease Contracts - New Business Assets and Liabilities of Leasing Companies Claims on Loans of Corporations Specializing in Lending Assets and Liabilities of Corporations Specializing in Lending Assets of Resident Investment Funds Liabilities of Investment Funds Assets of Insurance, Reinsurance and Health Insurance Companies Structure of Assets of Insurance, Reinsurance and Health Insurance Companies Structure of Liabilities of Insurance, Reinsurance and Health Insurance Companies 68 1

4 5 Financial Markets 5.1. Interbank Money Market Dealing in Securities Registered on the Bulgarian Stock Exchange - Sofia: Stock-Exchange And OTC Turnover Foreign Exchange Market. BNB Spot Transactions Foreign Exchange Market. Interbank Spot Transactions Foreign Exchange Market. Spot Transactions with Final Customers Foreign Exchange Market. Interbank Swap and Forward Transactions Foreign Exchange Market. Swap and Forward Transactions of Banks with Final Customers 72 6 Balance of Payments and International Investment Position 6.1. Balance of Payments Direct Investment, Net Flow Exports by Commodity Group Imports by Commodity Group Exports by Use Imports by Use Exports by Major Trading Partner and Region Imports by Major Trading Partner and Region International Investment Position Gross External Debt by Institutional Sector Gross External Debt by instruments Currency structure of the Gross External Debt Gross External Debt Disbursements by Institutional Sector Gross External Debt Service by Institutional Sector Official Reserve Assets and Other Foreign Currency Assets Section I. Official Reserve Assets and Other Foreign Currency Assets (Approximate Market Value) Section II. Predetermed Short-term Net Drains on Foreign Currency Assets (Nominal Value) Section III. Contingent Short-term Net Drains on Foreign Currency Assets (Nominal Value) Section IV. Memo Items 96 7 Public Finance 7.1. Consolidated State Budget Government Debt Quarterly Financial Accounts for General Government (s.13) - Stocks, Consolidated Quarterly Financial Accounts for General Government (s.13) - Transactions, Consolidated Government Securities Auctions Government Securities Primary Registration and Payments Government Securities Transactions Registered in the Secondary Market General Economic Statistics 8.1. Gross Domestic Product Consumer Prices' Change Industrial Production and Turnover Indices Producer Price Indices In Industry Export and Import Price Indices by Component Unemployment Employed Under Labour Contract Average Monthly Salary of Employed Under Labour Contract Statistics of the Issued Banknotes and Coins 9.1. Denomination Composition of the Issued Banknotes Denomination Composition of the Issued Coins 112 2

5 ABBREVIATIONS ACT Actual APRC Annual Percentage Rate of Charge BIC Bank Identifier Code BGN The Abbreviation of the Redenominated Lev BIS Bank for International Settlements BIR Base Interest Rate BNB Bulgarian National Bank BSE Bulgarian Stock Exchange - Sofia CEA-2008 Classification of Economic Activities, 2008 CG Central Government CIF Cost, Insurance, Freight CM Council of Ministers CPI Consumer Price Index ECB European Central Bank EMU European Monetary Union e.o.p. end of period ESA 95 European System of Accounts, 1995 EU European Union FISIM Financial Intermediation Services Indirectly Measured FOB Free on Board GDP Gross Domestic Product GFS 2001 Government Finance Statistics Manual, 2001 GNFS Goods and Nonfactor Services GS Government Securities IAS/IFRS International Accounting Standards/International Financial Reporting Standards ICs and PFs Insurance Companies and Pension Funds IMF International Monetary Fund INTRASTAT System for collecting statistics on the trade in goods between countries of the European Union IPO Initial public stock offering ISMA International Securities Market Association LEONIA (LEv OverNight Index Average) an interest rate of BGN overnight unsecured transactions on the interbank market LTIR Long-term interest rate for convergence assessment purposes M1 Narrow money M2 M1 and quasi-money M3 Broad money MoF Ministry of Finance MFIs Monetary Financial Institutions MMFs Money Market Funds MU Monetary Union NEA National Employment Agency n.e.s. not elsewhere specified NPISHs Non-profit Institutions Serving Households NACE Rev. 2 NSI Statistical Classification of Economic Activites in the European Community National Statistical Institute OFIAs Other Financial Intermediaries and Auxiliaries Except for Insurance Companies and Pension Funds OMFIs Other monetary financial institutions OpR Operational Risk OTC Over-the-counter SDR Special Drawing Rights SNA 93 System of National Accounts, 1993 SOFIBOR (Sofia Interbank Offered Rate) a fixing of the quotes for unsecured BGN deposits offered on the interbank market SSFs Social Security Funds ZUNK Law for the Settlement of Unserviced Credits Contracted by December 31, 1990 Conventions used in the tables - data do not exist/data are not applicable. data are not yet available 0 nil or negligible The cut-off date for the data in thе appendix to the BNB Annual Report 2012 is 22 April

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7 1. MACROECONOMIC INDICATORS REAL SECTOR 1 Gross value added (million BGN) Gross value added (annual real growth rate, %) Gross domestic product (million BGN) Gross domestic product (annual real growth rate, %) Final consumption (million BGN) Gross capital formation (million BGN) Exports of goods and services (million BGN) Imports of goods and services (million BGN) GDP deflator (change, %) Consumer price index period over period change (%) average annual change (%) Harmonized index of consumer prices period over period change (%) average annual change (%) Producer price index, total (change, %) Producer price index on domestic market (change, %) Producer price index on non-domestic market (change, %) Industrial production index (annual change, %) Terms of trade (%) Goods export price index (change, based on the annual average prices for the previous year, %) Goods import price index (change, based on the annual average prices for the previous year, %) Employed (thousands) 8, Unemployed (thousands) 9, Unemployment (%) 9, Average monthly wages and salaries (BGN) Gross domestic product per capita (BGN) PUBLIC FINANCE CONSOLIDATED FISCAL PROGRAMME 11 (million BGN) Revenue and grants Tax revenue Non-tax revenue and grants Total expenses Interest expenses Non-interest expenses Primary balance Cash deficit(-)/surplus(+) Government and government guaranteed debt (% of GDP) Revenue and grants Tax revenue Non-tax revenue and grants Total expenses Interest expenses Non-interest expenses Primary balance Cash deficit(-)/surplus(+) Government and government guaranteed debt

8 MONEY AND CREDIT 11 (million BGN) 9 1. MACROECONOMIC INDICATORS GOVERNMENT FINANCE STATISTICS - ESA '95 METHODOLOGY 12 Deficit(-)/surplus(+) (million BGN) Deficit(-)/surplus(+) (% of GDP) Net foreign assets Foreign assets Foreign liabilities Net domestic assets Domestic credit Claims on government sector Claims on non-government sector Claims on households and NPISHs Claims on non-government sector (annual growth rate, %) Claims on households and NPISHs (annual growth rate, %) Net foreign assets of оther MFIs Foreign assets of оther MFIs Foreign liabilities of оther MFIs Money M1 (Narrow money) Money M2 (M1 + Quasi-money) Money M3 (Broad money) BNB international reserves Reserve money Money in circulation Deposits of оther MFIs (% of GDP) Money M1 (Narrow money) Money M2 (M1 + Quasi-money) Money M3 (Broad money) Domestic credit Claims on government sector Claims on non-government sector Claims on households and NPISHs Interest rates 15 Base interest rate Interbank money market SOFIBOR 3 months Yield on long-term government securities Long-term interest rate for convergence assessment purposes New business 19 Deposits with agreed maturity Short-term loans Long-term loans Annual percentage rate of charge Outstanding amounts 19 Overnight deposits Deposits with agreed maturity Overdraft Short-term loans Long-term loans

9 1. MACROECONOMIC INDICATORS EXTERNAL SECTOR 23 Gross External Debt (million EUR) 9 Gross external debt Public sector Private sector Gross external debt (% of exports of GNFS) Short term debt/gross external debt (%) (% of GDP) Gross external debt Public Sector Private Sector Short term debt Balance of Payments (million EUR) Current account Trade balance Exports, FOB Exports, FOB ( year over year percentage change) Imports, FOB Imports, FOB ( year over year percentage change) Current and capital account Capital and financial account Financial account Foreign direct investment Foreign direct investment/current account deficit (%) Portfolio investment - assets Portfolio investment - liabilities Other investments - assets Other investments - liabilities (% of GDP) Current account Trade balance Exports, FOB Imports, FOB Services, net Travel, net Income, net Current transfers, net Current and capital account Capital and financial account Financial account Foreign direct investment Portfolio investment - assets Portfolio investment - liabilities Other investment - assets Other investment - liabilities Other indicators Gross External Assets (in million EUR) Net external debt (in million EUR) Net External Debt (% of GDP)

10 1. MACROECONOMIC INDICATORS International investment posiotion, net (in million EUR) International investment posiotion, net (% of GDP) BNB reserve assets in monhts of GNFS imports Exchange rate of the lev against the euro Currency board: BGN /EUR 1 Exchange rate of the lev against the US dollar Nominal effective exchange rate (index June 1997 = 100) Real effective exchange rate (index June 1997 = 100) Source: National Statistical Institute, excluding data on unemployed and unemployment rate. 2 The data include additional assessments of non observed economy, distribution of indirectly measured financial intermediation services (FISIM) among users and introduction of the method of modified cash basis for taxes and social security contributions. Preliminary data for Ratio of current prices GDP estimate and previous year's prices GDP estimate. 4 Annual rate (end of period). 5 Annual average change, previous 12 months = Annual average change. 7 Seasonally unadjusted. Annual average change. 8 Employed under a labour contract. Annual average number of employees. 9 As at the end of the period. 10 Unemployed registered. Source: National Employment Agency. From 2011 the unemplyment rate is calculated using the new data on economically active population according to the February 2011 census which shows that Bulgaria s economically active population dropped by people compared to the March 2001 census. 11 On cash basis. Source: Ministry of Finance. 12 ESA'95 - European System of Accounts, General Government - consolidated data. Source: NSI. 13 Preliminary data for Source: BNB and other MFIs. Other MFIs comprise credit institutions (banks) and money market funds. 14 It is equal to the total assets of the BNB's Issue Department. (BNB reserve assets in accordance with IMF 5-th edition of the "Balance of Payments Manual".) 15 The interest rates are on BGN instruments. They are calculated by weighing with the corresponding amounts. Base interest rate, long-term interest rate for convergence assessment and SOFIBOR are calculated as average values. 16 The base interest rate equals the simple average of the index LEONIA (LEv OverNight Interest Average, a reference rate of the concluded and settled Bulgarian lev overnight deposit transactions) for the business days of the preceding month (base period). 17 The average weighted effective yield achieved on the secondary market during the reporting period. The yield is calculated using the ISMA formula at ACT/365 day count convention. 18 The long-term interest rate for convergence assessment purposes is determined on the basis of the secondary market yield to maturity of a benchmark long-term bond issued by the Ministry of Finance (Central Government) and denominated in the national currency. The ISMA formula at ACT/365 day count convention is used. The data show the yield gained on the secondary market. 19 Preliminary data for The interest rates are effective annual rates. They are average weighted with the volumes of new business throughout the reporting period or the outstanding amounts as of the end of the reporting period. Interest rates on new business and on outstanding amounts, applied by banks, on loans and deposits are vis-à-vis Non-financial corporations and Households and Non-profit institutions serving households (NPISHs) sectors. 20 Loans other than overdraft. Short-term loans include loans by original maturity up to and including 1 year and long-term loans - over 1 year. 21 The annual percentage rate of charge comprises all the interest payments on a loan, as well as all fees, commissions and other charges a client must pay in order to obtain the loan. It refers only to consumer loans and loans for house purchase to Households. 22 Interest rates on new business and on outstanding amounts for overnight deposits and overdraft coincide. 23 Preliminary data for The flow data include the period from the beginning of the year till the reporting month, the stock data are as of the end of the reporting month. 24 Source: Ministry of Finance, Bulgarian National Bank, banks, local companies. 25 Sources: banks, local companies. 26 Goods and non-factor services. The indicator is calculated on an annual basis. 27 Preliminary data for Data are provided by direct investment companies reporting to the BNB, by the Agency for Privatization, the NSI, the Central Depository and the banks. Preliminary data for A negative sign (-) denotes an increase in assets and a decrease in liabilities and a positive sign (+) denotes a decrease in assets and an increase in liabilities. 30 Including BNB reserve assets, banks assets abroad and nonfinancial sector deposits abroad. 31 Difference between the amount of the Gross external debt and the amount of the Gross external assets. 32 Stock as at the end of the corresponding quarter. 33 The proportion (in months) of BNB Reserve Assets (total assets of the BNB's Issue Department) as at the end of the reporting month to average Imports of Goods and Non-Factor Services for the last 12 months. 34 Based on CPI as at the end of the corresponding period. 8

11 2. MONETARY AND FINANCIAL STATISTICS 2.1. BALANCE SHEET OF THE BULGARIAN NATIONAL BANK (BGN'000) BALANCE SHEET OF ISSUE DEPARTMENT ASSETS Cash and foreign currency denominated deposits Monetary gold and other monetary gold instruments Investments in securities LIABILITIES Notes and coins in circulation Liabilities to banks Liabilities to Government and to government budget institutions Liabilities to other depositors Banking Department deposit BALANCE SHEET OF BANKING DEPARTMENT (BGN'000) ASSETS Gold and other precious metals Receivables from central government Capital investments and IMF quota Fixed tangible and intangible assets Other assets Deposit with Issue Department LIABILITIES Borrowings from IMF Liabilities to international financial institutions Other liabilities Total liabilities: Capital Reserves Retained earnings Total equity: Source: BNB. 9

12 2.2. MONETARY SURVEY (BGN'000) Exchange rate: BGN / USD BGN / EUR FOREIGN ASSETS (NET) Foreign assets Cash in foreign currency o/w EUR Deposits in BGN in foreign currency o/w EUR Repos in BGN in foreign currency o/w EUR Loans in BGN in foreign currency o/w EUR Securities other than shares in BGN in foreign currency o/w EUR Shares and other equity in BGN in foreign currency o/w EUR Monetary gold and SDR holdings Accrued interest receivable in BGN in foreign currency o/w EUR Less: foreign liabilities Deposits in BGN in foreign currency o/w EUR Repos in BGN in foreign currency o/w EUR Loans Securities in BGN in foreign currency o/w EUR Accrued interest payable in BGN in foreign currency o/w EUR SDR allocation DOMESTIC ASSETS (NET) DOMESTIC CREDIT CLAIMS ON GENERAL GOVERNMENT Central government (net) Claims Government securities in BGN in foreign currency o/w EUR Repos in BGN in foreign currency o/w EUR Loans in BGN in foreign currency o/w EUR Less: liabilities

13 2.2. MONETARY SURVEY (BGN'000) Deposits in BGN in foreign currency o/w EUR Repos in BGN in foreign currency o/w EUR Local government and SSFs Securities other than shares in BGN in foreign currency o/w EUR Repos in BGN in foreign currency o/w EUR Loans in BGN in foreign currency o/w EUR CLAIMS ON NON-GOVERNMENT SECTOR Non-financial corporations Repos in BGN in foreign currency o/w EUR Loans in BGN in foreign currency o/w EUR Securities other than shares in BGN in foreign currency o/w EUR Shares and other equity in BGN in foreign currency o/w EUR Financial corporations Repos in BGN in foreign currency o/w EUR Loans in BGN in foreign currency o/w EUR Securities other than shares in BGN in foreign currency o/w EUR Shares and other equity in BGN in foreign currency o/w EUR Households and NPISHs Repos in BGN in foreign currency o/w EUR Loans in BGN in foreign currency o/w EUR

14 2.2. MONETARY SURVEY (BGN'000) FIXED ASSETS OTHER ITEMS (NET) Accounts between MFIs (net) in BGN in foreign currency o/w EUR Other assets and liabilities (net) in BGN in foreign currency o/w EUR BROAD MONEY M MONEY M Currency outside MFIs Overnight deposits in BGN Local government and SSFs Non-financial corporations Financial corporations Households and NPISHs in foreign currency Local government and SSFs Non-financial corporations Financial corporations Households and NPISHs o/w EUR Local government and SSFs Non-financial corporations Financial corporations Households and NPISHs MONEY M2 (M1 + QUASI-MONEY) QUASI-MONEY Deposits with agreed maturity up to 2 years in BGN Local government and SSFs Non-financial corporations Financial corporations Households and NPISHs in foreign currency Local government and SSFs Non-financial corporations Financial corporations Households and NPISHs o/w EUR Local government and SSFs Non-financial corporations Financial corporations Households and NPISHs Deposits redeemable at notice up to 3 months in BGN Local government and SSFs Non-financial corporations Financial corporations Households and NPISHs in foreign currency Local government and SSFs Non-financial corporations Financial corporations Households and NPISHs o/w EUR Local government and SSFs Non-financial corporations Financial corporations Households and NPISHs

15 2.2. MONETARY SURVEY (BGN'000) MONEY M3 (M2 + MARKETABLE INTRUMENTS) Marketable instruments (debt securities issued up to 2 years+ MMFs shares/units + repos) in BGN in foreign currency o/w EUR LONGER-TERM LIABILITIES NOT INCLUDED IN MONEY SUPPLY DEPOSITS WITH AGREED MATURITY OVER 2 YEARS AND DEPOSITS REDEEMABLE AT NOTICE OVER 3 MONTHS in BGN in foreign currency o/w EUR DEBT SECURITIES ISSUED OVER 2 YEARS in BGN in foreign currency o/w EUR CAPITAL AND RESERVES Funds contributed by owners Reserves Financial result Preliminary data. 1 Including the reserve position in the IMF. 2 Including only loans received from the IMF. 3 Including debt securities issued and MMFs shares/units held by non-residents. Source: BNB and other MFIs. The following conventions have been used in tables : " 0 " The indicator is less than 0.05 but more than nil. " - " The indicator is nil. 13

16 2.3. BNB ANALYTICAL REPORTING (BGN'000) Exchange rate: BGN / USD BGN / EUR ASSETS FOREIGN ASSETS (NET) Foreign assets Cash in foreign currency o/w EUR Deposits in BGN in foreign currency o/w EUR Repos in BGN in foreign currency o/w EUR Loans in BGN in foreign currency o/w EUR Securities other than shares in BGN in foreign currency o/w EUR Shares and other equity in BGN in foreign currency o/w EUR Monetary gold and SDR holdings Accrued interest receivable in BGN in foreign currency o/w EUR Less: foreign liabilities Deposits in BGN in foreign currency o/w EUR Repos in BGN in foreign currency o/w EUR Loans Accrued interest payable in BGN in foreign currency o/w EUR SDR allocation CLAIMS ON GENERAL GOVERNMENT Central government (net) Claims Government securities in BGN in foreign currency o/w EUR Repos in BGN in foreign currency o/w EUR Loans in BGN in foreign currency o/w EUR Less: liabilities Deposits in BGN in foreign currency o/w EUR

17 2.3. BNB ANALYTICAL REPORTING (BGN'000) Repos in BGN in foreign currency o/w EUR Social security funds Repos in BGN in foreign currency o/w EUR Loans in BGN in foreign currency o/w EUR CLAIMS ON OTHER MFIs in BGN in foreign currency o/w EUR CLAIMS ON NON-GOVERNMENT SECTOR Non-financial corporations Loans in BGN in foreign currency o/w EUR Shares and other equity in BGN in foreign currency o/w EUR Financial corporations Loans in BGN in foreign currency o/w EUR Shares and other equity in BGN in foreign currency o/w EUR FIXED ASSETS OTHER ITEMS (NET) Other assets in BGN in foreign currency o/w EUR Less: other liabilities in BGN in foreign currency o/w EUR LIABILITIES RESERVE MONEY Currency in circulation Deposits of other MFIs in BGN in foreign currency o/w EUR LIABILITIES INCLUDED IN MONEY SUPPLY DEPOSITS Overnight deposits in BGN Social security funds Non-financial corporations Financial corporations Households and NPISHs in foreign currency Social security funds Non-financial corporations Financial corporations Households and NPISHs

18 2.3. BNB ANALYTICAL REPORTING (BGN'000) o/w EUR Social security funds Non-financial corporations Financial corporations Households and NPISHs Deposits with agreed maturity up to 2 years in BGN Social security funds Non-financial corporations Financial corporations Households and NPISHs in foreign currency Social security funds Non-financial corporations Financial corporations Households and NPISHs o/w EUR Social security funds Non-financial corporations Financial corporations Households and NPISHs Deposits redeemable at notice up to 3 months in BGN in foreign currency o/w EUR LONGER-TERM LIABILITIES NOT INCLUDED IN MONEY SUPPLY Deposits with agreed maturity over 2 years and deposits redeemable at notice over 3 months in BGN in foreign currency o/w EUR Capital and reserves Funds contributed by owners Reserves Financial result Including the reserve position in the IMF. 2 Including only loans received from the IMF. Source: BNB. 16