Annex of Tables. Cutoff date for data: November 18, 2011

Transcription

1 Anne of Tables International Environment Echange Rates Key Interest Rates Short-Term Interest Rates Long-Term Interest Rates Corporate Bond Spreads Stock Indices Gross Domestic Product Current Account Inflation Table A A A3 A4 A5 A6 A7 A8 A9 The Real Economy in Austria Financial Investment of Households Household Income, Savings and Credit Demand Financing of Nonfinancial Corporations Insolvency Indicators Selected Financial Statement Ratios of the Manufacturing Sector A A A A3 A4 Financial Intermediaries in Austria Total Assets and Off-Balance-Sheet Operations Profitability on an Unconsolidated Basis Profitability on a Consolidated Basis Sectoral Distribution of Loans Foreign Currency-Denominated Claims on Domestic Non-MFIs Loan Quality Market Risk Liquidity Risk Solvency Eposure to CESEE Profitability of Austrian Subsidiaries in CESEE Market Indicators of Selected Austrian Financials Key Indicators of Austrian Insurance Companies Assets Held by Austrian Mutual Funds Structure and Profitability of Austrian Fund Management Companies Assets Held by Austrian Pension Funds Assets Held by Austrian Severance Funds Transactions and System Disturbances in Payment and Securities Settlement Systems A5 A6 A7 A8 A9 A A A A3 A4 A5 A6 A7 A8 A9 A3 A3 A33 Cutoff date for data: November 8, Conventions used in the tables: = No data can be indicated for technical reasons.. = Data not available at the reporting date Revisions of data published in earlier volumes are not indicated. Discrepancies may arise from rounding. FINANCIAL STABILITY REPORT DECEMBER 3

2 Anne of Tables International Environment Table A Echange Rates half st Period average (per EUR ) U.S. dollar Japanese yen Pound sterling Swiss franc Czech koruna Hungarian forint Polish zloty Slovak koruna Source: Thomson Reuters. From January (Slovak koruna): irrevocable conversion rate against the euro. Table A Key Interest Rates End of period, % Euro area U.S.A. Japan United Kingdom Switzerland Czech Republic Hungary Poland Slovak Republic Source: Eurostat, Thomson Reuters, national sources. SNB target range for three-month LIBOR. From onwards: see euro area. 4 FINANCIAL STABILITY REPORT DECEMBER

3 Anne of Tables Table A3 Short-Term Interest Rates st half Three-month rates, period average, % Euro area U.S.A. Japan United Kingdom Switzerland Czech Republic Hungary Poland Slovak Republic Source: Bloomberg, Eurostat, Thomson Reuters. From onwards: see euro area. Table A4 Long-Term Interest Rates half st Ten-year rates, period average, % Euro area U.S.A. Japan United Kingdom Switzerland Czech Republic Hungary Poland Slovak Republic Slovenia Source: Eurostat, national sources. Table A5 Corporate Bond Spreads half st Period average, percentage points Spreads of 7- to -year Euro area corporate bonds against euro area government bonds of same maturity AAA BBB Spreads of 7- to -year U.S. corporate bonds against U.S. government bonds of same maturity AAA BBB Source: Merrill Lynch via Thomson Reuters. FINANCIAL STABILITY REPORT DECEMBER 5

4 Anne of Tables Table A6 Stock Indices half st Period average Euro area: EURO STOXX U.S.A.: S&P 5 Japan: Nikkei 5 Austria: ATX Czech Republic: PX5 Hungary: BUX Poland: WIG Slovak Republic: SAX6 Slovenia: SBI TOP 46,477 6,984 4,69,776 6,86 58,988 4,6 34, 3,59 3,358,359 9,744 4,68 43, ,348,3 96 6,43 3, ,4,,557,7,48 4, ,36 3,595 4,3,58,76 47,46 45, 85 8,67,84 88,69 6, ,9,45,59,83,53 4, ,3 9,95,837,4,99 48, Source: Thomson Reuters. EURO STOXX: December 3, 99 =, S&P 5: November, 996 =, Nikkei 5: April 3, 95 =, ATX: January, 99 =,, PX5: April 6, 994 =,, BUX: January, 99 =,, WIG: April 6, 99 =,, SAX6: September 4, 993 =, SBI TOP: March 3, 6 =,. Table A7 Gross Domestic Product half st Annual change in %, period average Euro area U.S.A. Japan Austria Czech Republic Hungary Poland Slovak Republic Slovenia Source: Eurostat, national sources. 6 FINANCIAL STABILITY REPORT DECEMBER

5 Anne of Tables Table A8 Current Account st half % of GDP, cumulative Euro area U.S.A. Japan Austria Czech Republic Hungary Poland Slovak Republic Slovenia Source: Eurostat, European Commission, Thomson Reuters, national sources. Note: Due to seasonal fluctuations, the comparability of half-year figures with yearly figures is limited. The half-year figures for the U.S.A. are based on seasonally adjusted nominal GDP data. Table A9 Inflation half st Annual change in %, period average Euro area U.S.A. Japan Austria Czech Republic Hungary Poland Slovak Republic Slovenia Source: Eurostat. FINANCIAL STABILITY REPORT DECEMBER 7

6 Anne of Tables The Real Economy in Austria Table A Financial Investment of Households st half Transactions, EUR million Currency and deposits Securities (other than shares)3 Shares (other than mutual fund shares) Mutual fund shares Insurance technical reserves Total financial investment 3,63 3, ,837,36 3,7 5,4,34 4,67,865 8,646 9,69 37, ,48 5,79,734 95,8,9 4,64,94 7,998, ,69,87,534 7, ,7,95, ,65 6,8 3,7, ,95 5,844 Including nonprofit institutions serving households. Including loans and other assets. 3 Including financial derivatives. Table A Household Income, Savings and Credit Demand -end, EUR billion Net disposable income Savings Saving ratio in % MFI loans to households Source: Statistics Austria (national accounts broken down by sectors), OeNB (financial accounts). Including nonprofit institutions serving households. Saving ratio = savings / (disposable income + increase in accrued occupational pension benefits). Table A Financing of Nonfinancial Corporations st half Transactions, EUR million Securities (other than shares) Loans Shares and other equity Other accounts payable Total debt 4,595 3,7 38,554 3,8 78,439,954,69 4,674 5,75 5,44 5,939,93 3,788 4,46 6,48 3,85 3,37 4,45 6, ,73,93,859 9,8 3,3 7,768 9,88 6,65,3 4,88,35,977,546,399,336 3,9 7 7,455 Including other equity of domestic special purpose entities held by nonresidents. 8 FINANCIAL STABILITY REPORT DECEMBER

7 Anne of Tables Table A3 Insolvency Indicators st half EUR million Default liabilities,44,969 4,35 4,7,,978,587,57 3,7 3,74 3,5,69,94,74,657 Number Defaults 3,3 Source: Kreditschutzverband von 87. Table A4 Selected Financial Statement Ratios of the Manufacturing Sector Median, % Self-financing and investment ratios Cash flow, as a percentage of turnover Investment ratio Reinvestment ratio Financial structure ratios Equity ratio Risk-weighted capital ratio Bank liability ratio Government debt ratio Investments / net turnover. Investments / credit write-offs. FINANCIAL STABILITY REPORT DECEMBER 9

8 Anne of Tables Financial Intermediaries in Austria Table A5 Total Assets and Off-Balance-Sheet Operations Total assets on an unconsolidated basis of which: total domestic assets total foreign assets Interest rate contracts Foreign echange derivatives Other derivatives Derivatives total , , ,53 394,99, , ,57, , ,39, , ,8, , , , , ,55 6,786 Total assets on a consolidated basis,73,6,76,59,4,93,3,37 Note: Data on off-balance-sheet operations refer to nominal values. Table A6 Profitability on an Unconsolidated Basis st half Net interest income Income from securities and participating interests Net fee-based income Net profit/loss on financial operations Other operating income Operating income 3,978,47, ,376 4,396,49, ,773 4,584,575, ,348 4,676,38, ,89 7,399 3,5 4,7 9,59 7,5 8,48 7,93 4,8 8,7,557 8,777 3,37 3,63 486,653 7,846 9,3 4,6 3,95 664,94 9,76 Staff costs Other administrative epenses Other operating epenses Total operating epenses,87, ,57,87, ,443,839, ,534,963, ,689 5,468 3,73,678,849 5,776 3,95,688,46 5,697 3,765,56,77 5,8 3,94,5,547 Operating profit/loss,869 3,33 3,83 4,3 6,663 9,4 6,769 8,59 Net risk provisions from credit business Net risk provisions from securities business Annual surplus, ,765 3,43 4,536 3,44 43,974, ,876, 43 4,787 4,,8,89 4,4 4,9 43,8 5 4, Return on assets, Return on equity (tier capital), Interest income to gross income (%) Operating epenses to gross income (%) The first-half data are the whole-year values forecast at the end of the second quarter. Retrospective modification due to a change of calculation. Since, the International Monetary Fund (IMF) has published Financial Soundness Indicators (FSI) for Austria (see also In contrast to some FSIs which take only domestically owned banks into account, the Financial Stability Report analyzes all banks operating in Austria. For this reason, some of the figures presented here might deviate from the figures published by the IMF. FINANCIAL STABILITY REPORT DECEMBER

9 Anne of Tables Table A7 Profitability on a Consolidated Basis half st Operating income Operating epenses Operating profit/loss Net profit after taes Return on assets, 5 Return on equity (tier capital), 5 Interest income to gross income (%)3 Operating epenses to gross income (%)4 6,8 8,54 5,67 3,65 9,5 7,794 8,45,3 8,497 7,944 6,6,789 8,749 8,49 6,59,897 8,8 7,4,7 6,89 33,64 6,53 7, ,85 5,5 5,6,53 37,58 6,4 3,478 4, As from on, operating epenses refer to staff costs and other administrative epenses only. End-of-period result epected for the full year before minority interests as a percentage of average total assets and average tier capital, respectively. 3 All figures represent the ratio of net interest income to total operating income less other operating epenses. 4 All figures represent the ratio of total operating epenses less other operating epenses to total operating income less other operating epenses. 5 Retrospective modification due to a change of calculation. Note: Due to changes in reporting, the comparability of consolidated values as from with earlier values is limited. Table A8 Sectoral Distribution of Loans End of period, EUR billion Nonfinancial corporations of which: foreign currency-denominated loans Households of which: foreign currency-denominated loans General government of which: foreign currency-denominated loans Other financial intermediaries of which: foreign currency-denominated loans Foreign nonbanks of which: foreign currency-denominated loans Nonbanks total of which: foreign currency-denominated loans Banks of which: foreign currency-denominated loans,99 9,884 7,6 3,79 6,33,63,646,93 3,983 38,7 39,54 84,73 63,344 69,65 7,7,667 9,778 34,758 6,795,736,3 3,79 3,57 39,8 49,37 89,4 33,897 84,56 33,68,34 4, 38,8 5,73,65 5,77 3,59 5,694 4,6 434,366 98,96 363,3 8,45 3,97,63,378 36,7 5,994,79 5,5 3,38,9 38,39 47,55 9,94 353,98 96,7 3,6,6 8,4 36,7 6,6,74 4,56 3,348 7,76 36, 46,788 88,43 333,865 83,78 3,744,5 8, 38,37 7,34,797 4,454 3,736,89 4,74 43,633 97,74 334,777 76,69 33,3,97 3,88 39,4 7,74,76,87 3,487 7,4 38,86 43,3 95,77 8,989 64,93 34,76,8 33,37 39,8 7,93 3,56,56 3,36 9,8 38, ,354 96,436 8,49 66,96 Sector Households consists here of the sectors Households and Nonprofit institutions serving households. Note: Figures are based on supervisory statistics and therefore differ from monetary figures used in the tet. FINANCIAL STABILITY REPORT DECEMBER

10 Anne of Tables Table A9 Foreign Currency-Denominated Claims on Domestic Non-MFIs End of period, % of total foreign currency-denominated claims on domestic non-mfis Swiss franc Japanese yen U.S. dollar Other foreign currencies Source: OeNB, ECB. The indicated figures refer to claims of monetary financial institutions (MFIs, ESA definition) on domestic non-mfis. Given the differences in the definition of credit institutions according to the Austrian Banking Act and of MFIs according to ESA and differences in the number of borrowers, comparability to Claims on Domestic Nonbanks is limited. Due to rounding, figures do not add up to % for every year. Table A Loan Quality End of period, % of claims Specific loan loss provisions for loans to nonbanks (unconsolidated) Specific loan loss provisions for loans to nonbanks (consolidated) Nonperforming loans (unconsolidated) End of period, % of tier capital Nonperforming loans (unconsolidated) 5.5 Estimate. FINANCIAL STABILITY REPORT DECEMBER

11 Anne of Tables Table A Market Risk Interest rate risk Basel ratio for interest rate risk, % Capital requirement for the position risk of interest rate instruments in the trading book , Echange rate risk Capital requirement for open foreign echange positions Equity price risk Capital requirement for the position risk of equities in the trading book Based on unconsolidated data. The calculation of capital requirements for market risk combines the standardized approach and internal value-at-risk (VaR) calculations. The latter use previous day s values without taking account of the multiplier. Capital requirements for interest rate instruments and equities are computed by adding up both general and specific position risks. As long as reporting is according to Basel II mutual funds and nonlinear option risks are included in the data according to their risk categories. Average of the Basel ratio for interest rate risk (loss of present value following a parallel yield curve shift of all currencies by basis points in relation to regulatory capital) weighted by total assets of all Austrian credit institutions ecluding banks that operate branches in Austria under freedom of establishment. For banks with a large securities trading book, interest rate instruments of the trading book are not included in the calculation. Table A Liquidity Risk End of period, % Short-term loans to short-term liabilities Short-term loans and other liquid assets to short-term liabilities Liquid resources of the first degree: 5% quantile of the ratio between available and required liquidity of degree Liquid resources of the second degree: 5% quantile of the ratio between available and required liquidity of degree Short-term loans and short-term liabilities (up to 3 months against banks and non-banks). Liquid assets (quoted stocks and bonds, government bonds and eligible collateral, cash and liquidity reserves at ape institutions). The liquidity ratio relates liquid assets to the corresponding liabilities. Article 5 of the Austrian Banking Act defines a minimum ratio of.5 % for liquid resources of the first degree (cash ratio) and of % for liquid resources of the second degree (quick ratio). The 5% quantile indicates the ratio between available and required liquidity surpassed by 95% of banks on the respective reporting date. FINANCIAL STABILITY REPORT DECEMBER 3

12 Anne of Tables Table A3 Solvency End of period, eligible capital and tier capital, respectively, as a percentage of risk-weighted assets Consolidated capital adequacy ratio Consolidated tier capital ratio Note: Owing to the transition to Basel II, the method of calculation of the capital ratio and the tier capital ratio used from the Financial Stability Report 6 (December ) on differs from the method used previously. The denominator of both ratios is given by the sum of all regulatory capital requirements multiplied by the factor.5. The numerator of the capital ratio is given by tier and tier capital less deduction items (eligible own funds) plus the part of tier 3 capital not eceeding the capital requirement for position risk. The numerator of the tier capital ratio is given by tier capital less deduction items (eligible tier capital). The sum of all capital requirements consists of the capital requirements for credit risk, position risk, settlement risk, operational risk and the transition to Basel II as well as the other capital requirements. Table A4 Eposure to CESEE End of period, EUR billion Total assets of subsidiaries of which: NMS-4 NMS-3 SEE4 CIS5 3,74 5,377 36,776 43,876 35,73 6,4 3,77 39,855 45,559 43,6 67,484 3,89 4,679 46,745 48,5 56,84 7,693 4,44 47,9 4,83 54,356 6,96 4,488 48,676 38,85 64,57 3,7 39,776 49,34 44,77 63,8 3,53 4,75 49, 4,883 68,59 33,84 4,635 5,573 43,98 Eposure according to BIS in total6 of which: NMS-4 NMS-3 SEE4 CIS5 9,775 96,49 3,68 38,5 3,398 9,67 5,536 33,47 7,3 5,48 99,493,65 34,34 7,98 6,466 86,3 3,89 33,74 7,3,939 4,8,538 33,694 4,49 7,586,499 7,4 33,337 4,9,9 9,665 6, 33,97 39,96,3 4,879 9,8 34,979 4,54 9,359 Total indirect lending to nonbanks7 of which: NMS-4 NMS-3 SEE4 GUS5 7,337 83,8 5,854 9,4 33,45 75,74 8,466 6,887 3,9 35,79 7,56 8,787 6,547 3,344 3,578 69,78 8,8 7,46 3, 8,9 76,48 83,86 7,36 33,458 3,476 8,46 85,58 8,44 34,3 3,93 83, 86,75 8,68 35,936 3,787 Total direct lending8 of which: NMS-4 NMS-3 SEE4 GUS5 44,37,65 7,39 3,34 3,4 49,74,646 9,3 4,59 4,383 5,947,85 9,337 5,34 4,85 5,665,9 9,546 5, 4,95 5,497,6 8,98 4,84 4,53 49,43,49 8,484 4,348 4,8 5,46 3,7 8, 5,63 4,45 Ecluding Yapi ve Kredi Bankasi (not fully consolidated by parent bank UniCredit Bank Austria). NMS-4 : Estonia (EE), Latvia (LV), Lithuania (LT), Poland (PL), Slovakia (SK), Slovenia (SI), Czech Republic (CZ), Hungary (HU). 3 NMS- : Bulgaria (BG) and Romania (RO). 4 Southeastern Europe (SEE): Albania (AL), Bosnia and Herzegovina (BA), Croatia (HR), Kosovo (KO), Montenegro (ME), Macedonia (MK), Serbia (RS), Turkey (TR). 5 Commonwealth of Independent States (CIS): Armenia (AM), Azerbaijan (AZ), Kazakhstan (KZ), Kyrgyzstan (KG), Moldova (MD), Russia (RU), Tajikistan (TJ), Turkmenistan (TM), Ukraine (UA), Uzbekistan (UZ), Belarus (BY), including Georgia (GE). 6 Eposure according to BIS includes only domestically controlled banks. As Hypo Alpe Adria was included in the fourth quarter of, comparability with earlier values is limited. 7 Lending (gross lending including risk provisions) to nonbanks by 69 fully consolidated subsidiaries in CESEE according to VERA. 8 Direct lending to CESEE according to monetary statistics. Note: Due to changes in reporting, the comparability of values as from with earlier values is limited. 4 FINANCIAL STABILITY REPORT DECEMBER

13 Anne of Tables Table A5 Profitability of Austrian Subsidiaries in CESEE st half Operating income of which: net interest income Securities and investment earnings Fee and commission income Trading income Other income Operating epenses of which: personnel epenses Other epenses Operating profit/loss Allocation to provisions and impairments Result after ta 6,55 4,3 58, ,353,55,8 3,6 636,65 6,638 4,53 4, ,,4,7 3,56,4,9 6,585 4,584 34, ,77,4,778 3,48,983,7 6,934 4,78 57, ,4,48,9 3,535,59,578,78 6,748, ,495 4,683 3,4 4, 9,3 3 3,43 46,9 6,96 3, 3,76 7,4,77 4,9 3,396 8,693 5,96, ,67,739 3,59 7,9 4,89,775 3,436 9,333 47, ,678,87 3,89 6,757 4,94,73 Return on assets.7%.9%.9%.%.6%.8%.7%.8% Provisions3 3.7% 3.9% 6.% 6.8%.6%.9% 5.3% 6.5% Ecluding Yapi ve Kredi Bankasi (not fully consolidated by parent bank UniCredit Bank Austria). End-of-period result epected for the full year after ta as a percentage of average total assets. 3 Provisions on loans and receivables in proportion of gross loans to customers. Note: Due to changes in reporting, the comparability of values as from with earlier values is limited. Furthermore some positions are only available in detail since. Table A6 Market Indicators of Selected Austrian Financial Instruments Share prices in % of mid-5 prices Erste Group Bank Raiffeisen Bank International EUROSTOXX Banken Uniqa Vienna Insurance Group EUROSTOXX Insurance Relative valuation: price-book value ratio Erste Group Bank Raiffeisen Bank International EUROSTOXX Banks Uniqa Vienna Insurance Group EUROSTOXX Insurance Nov Source: Thomson Financial. FINANCIAL STABILITY REPORT DECEMBER 5

14 Anne of Tables Table A7 Key Indicators of Austrian Insurance Companies June Dec. % change June (y-o-y) June Dec. June Business and profitability Premiums Epenses for claims and insurers benefit Underwriting results Profit from investments Profit from ordinary activities Total assets 8,36 5,869 96, ,836 6,38,348 3, ,7 8,5 5,757 4,589 55,65 6,655, ,3, 5,99 8,357 6,6 379,93,8 6, Investments Total Investments of which: debt securities stocks and other equity securities real estate Investments for unit-linked and inde-linked life insurance Eposure versus domestic banks Custody account claims on deposits on reinsurers 9, 36,376,78 5, ,64,5 9,6 36,397,8 5,46,8 7,68,8 95,54 37,6,6 5,93 4,477 6,44,9 98,3 38,3,559 5,73 5,35 5,86,9,94 38,33,988 5, 5,659 6,97, Risk Capacity (Solvency Ratio), % Source: FMA, OeNB. Semiannual data eclusive of reinsurance transactions, based on quarterly returns. Contains shares, share certificates (listed and not listed) and all equity instruments held by investment funds. Table A8 Assets Held by Austrian Mutual Funds Domestic securities of which: debt securities stocks and other equity securities Foreign securities of which: debt securities stocks and other equity securities Net asset value of which: retail funds institutional funds Consolidated net asset value changed by: redemptions and sales, Distributed earnings Revaluation adjustments and income 58,9 4,938 3,8 6,76 66,473 3,73 65,646 7,864 47,78 37,9 4,7, ,48 3,774 3,57 94,487 6,89 6,598 48,95 3,885 45,3 4,9 5,6,7 6,83 48,777 4,6,473 78,655 57,598 8,899 7,43 8,84 44,68 5,6 7,4,965 9,55 49,4 6,34,44 8,67 57,548,64 9,7 8,383 48,788 7, ,53 48,765 6,3,863 89,845 6,96,663 38,6 85,537 53,73 5,337,399,767 7,69 5,589 6,63,83 93, 63,59,87 43,69 88,8 55,46,57, ,759 5,999 5,884 3,696 96,684 6,744 5,54 47,683 88,34 59,368 3,79,,697 3,95 5,63 5,57 3,63 93,897 6,474 4,98 45,6 84,3 6,98, , The figures concerning the change in the consolidated net asset value are semi-annual figures. Change in the consolidated net asset value of Austrian mutual funds by redemptions and sales (net balance of shares in mutual funds issued and bought back). 6 FINANCIAL STABILITY REPORT DECEMBER

15 Anne of Tables Table A9 Structure and Profitability of Austrian Fund Management Companies Total assets Operating profit Net commissions and fees earned Administrative epenses, Number of fund management companies Number of reported funds , , , , , , , ,5 All figures are semi-annual figures. Administrative epenses are calculated as the sum of personnel and material epenses. Table A3 Assets Held by Austrian Pension Funds Domestic securities of which: federal treasury bills and notes debt securities mutual fund shares other securities Foreign securities of which: debt securities mutual fund shares other securities Deposits Loans Other assets Total assets of which: foreign currency,773 37,63 33,473 4, ,94 6,65 4,499 7, , ,75 4 9, ,936 3,45 63,8 4, ,6 373,7 69,5 3, , ,48 63,96 3, , ,7 73,88 6,49 8, , ,77 73,878 6,7 59, , FINANCIAL STABILITY REPORT DECEMBER 7

16 Anne of Tables Table A3 Assets Held by Austrian Severance Funds Total direct investment of which: euro-denominated foreign currency-denominated accrued income claims from direct investment Total indirect investment of which: total of euro-denominated investment in mutual fund shares total of foreign currency-denominated investment in mutual fund shares Total assets assigned to investment groups , ,,6,43 9 7,76,5,3, , ,78, ,569,49,5 4 5, ,39,93,858,6,379,567 6,6 56,85 38,39 45,464 88,83 5 3,84 9 3, ,93 Note: Due to special balance sheet operations total assets assigned to investment groups deviate from the sum of total indirect investments. Table A3 Transactions and System Disturbances in Payment and Securities Settlement Systems Number of transactions in million, value of transactions in EUR billion HOAM.AT Number Value System disturbances Securities settlement systems Number Value System disturbances Retail payment systems Number Value System disturbances Participation in international payment systems Number Value System disturbances,36 4, ,535 4, ,95 4 4,497 3, , Note: The data refer to the si-month period in each case. 8 FINANCIAL STABILITY REPORT DECEMBER