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LIST OF MONETARY FINANCIAL INSTITUTIONS AND

INSTITUTIONS SUBJECT TO MINIMUM RESERVES

FEBRUARY 2005

LIST OF MONETARY FINANCIAL

INSTITUTIONS AND INSTITUTIONS

SUBJECT TO MINIMUM RESERVES

FEBRUARY 2005

This paper can be downloaded from

the ECB's website (http://www.ecb.int). In 2005 all ECB publications will feature a motif taken from the ?50 banknote.

© European Central Bank, 2005

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All rights reserved.

Reproduction for educational and

non-commercial purposes is permitted provided that the source is acknowledged.

As at end-December 2004.

ISSN 1725-3314 (print)

ISSN 1725-3322 (online)

iii

Contents

Section 1 Overview

Foreword ........................................................................ ................................................................. vi Definition of terms ........................................................................ MFI sector analyses: as at the end of December 2004

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 2004

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

Belgium ..................................................

Greece.............................................................................. .....................................46

Spain ........................................................................ France ........................................................................ Ireland ........................................................................ Luxembourg ........................................................................ Austria ........................................................................ .........151

Non-euro area Member States

Czech Republic........................................................................ Estonia ........................................................................ Poland ........................................................................ Sweden ........................................................................ United Kingdom........................................................................

Abbreviations

Countries

BE Belgium

DE Germany

GR Greece

ES Spain

FR France

IE Ireland

IT Italy

LU Luxembourg

NL Netherlands

AT Austria

PT Portugal

FI Finland

CZ Czech Republic

DK Denmark

EE Estonia

CY Cyprus

LV Latvia

LT Lithuania

HU Hungary

MT Malta

PL Poland

SI Slovenia

SK Slovakia

SE Sweden

UK United Kingdom

Others

ECB European Central Bank

EU European Union

MFIs Monetary Financial Institutions

NCBs national central banks

n/a not applicable

Section 1

Overview

vi

Foreword

Background

The "List of Monetary Financial Institutions

and institutions subject to minimum reserves" ("List of MFIs") is published by the European

Central Bank in accordance with Article 3.2 of

the Regulation of the European Central

Bank of 22 November 2001 concerning the

consolidated balance sheet of the monetary financial institutions sector (ECB/2001/13) and Article 2.3 of the Regulation of the

European Central Bank of 12 September

2003 on the application of minimum reserves

(ECB/2003/9). Aim

This publication relates to the Monetary

Financial Institutions sector (MFI sector) as at

the end of December 2004.

The List of MFIs comprises institutions

resident in the European Union (EU) which comply fully with the definition of an MFI 2 and correspond to Sectors 121 and 122 of the

European System of Accounts 1995

(ESA 95) 3 classification.

The objectives of the List of MFIs include

facilitating the production of a comprehensive and consistent balance sheet of the money- creating sector in the euro area and ensuring that the information on the statistical reporting population is as complete, accurate 12

See the "Definition of terms" below.

3

The European System of Accounts 1995 (ESA 95)

and Official Journal L 310, 30 November 1996. and homogeneous as possible. In addition to the national central banks of the EU and the

ECB, the List of MFIs includes credit

institutions (as defined in Community law), money market funds and other institutions fulfilling the MFI.

The List of MFIs is moreover based on

Article 19.1 of the Statute of the European

System of Central Banks and of the

European Central Bank (Statute of the

ESCB), which empowers the ECB to require

credit institutions established in the euro area to hold minimum reserves in pursuance of monetary policy objectives.

Branches located in the euro area of

institutions without a registered office in the euro area are also subject to the

Eurosystem's minimum reserve requirements.

The ECB may exempt a specific institution if

it is subject to winding-up proceedings or restructuring measures or if the application of the Eurosystem's minimum reserve requirements to the institution concerned would not serve the intended purpose. Only institutions subject to the Eurosystem's minimum reserve requirements are eligible to be counterparties to the Eurosystem's monetary policy operations.

Structure

The introductory pages of this publication

provide definitions of relevant terms and analyses of the MFI sector in the EU as at the end of December 2004, including developments since the start of Stage Three vii of Economic and Monetary Union (see

Charts 1 to 6). MFIs of new Member States

are included in the list as of May 2004 upon their accession to the EU.

The main body of this document provides a

comprehensive listing, by country and by category, of the MFIs established in the EU.

It also states whether or not each institution

is subject to the Eurosystem's minimum reserve requirements.

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 EU countries are

listed in this publication using the alphabetical order of the country names in the national languages.

Status of the publication

An updated version of the List of MFIs is

published monthly on the ECB's website (http://www.ecb.int ) in the "Monetary

Financial Institutions" part of the "MFIs and

Eligible assets" section.

The full list and updates are made available

to the public on the last business day of each calendar month.

Procedures for monitoring and continuous

checking have been established to ensure that the information contained in the List of

MFIs remains up-to-date, accurate and

consistent.

The List of MFIs is published at the beginning

of each calendar year; this is the eighth in the series.

This publication is available from the ECB

only in English, with national translations being left to the discretion of the EU national central banks.

February 2005

viii

Definition of terms

The terms used in this publication for the categories and attributes of MFIs are defined below:

Term Definition

EU European Union

Euro area The area of the 12 Member States of the European Union participating in Stage Three of Economic

and Monetary Union, namely Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal and Finland. It should be noted that Greece joined the euro area on 1 January 2001.

Euro area Member

States

The 12 Member States of the European Union participating in Stage Three of Economic and Monetary Union (cf. the definition of "euro area" above).

Non-euro area

Member States

The Member States of the European Union not participating in Stage Three of Economic and Monetary Union, namely Czech Republic, Denmark, Estonia, Cyprus, Latvia, Lithuania, Hungary, Malta, Poland, Slovakia, Slovenia, Sweden and the United Kingdom.

Eurosystem The European Central Bank and the national central banks of the Member States of the European

Union participating in Stage Three of Economic and Monetary Union.

Monetary Financial

Institutions (MFIs)

Resident credit institutions as defined in Community law, and other resident financial institutions whose business is to receive deposits and/or close substitutes for deposits from entities other than MFIs and, for their own account (at least in economic terms), to grant credit and/or make investments in securities. Central banks The national central banks belonging to the Member States of the European Union.

Credit institutions Any institution falling under the definition contained in the Banking Co-ordination Directive

2000/12/EC of 20 March 2000, as amended by Directive 2000/28/EC of 18 September 2000

(including the exempt credit institutions), whereby credit institution shall mean "(a) an undertaking

whose business is to receive deposits or other repayable funds from the public and to grant credits for its own account; or (b) an electronic money institution within the meaning of Directive

2000/46/EC of the European Parliament and of the Council of 18 September 2000 on the taking up,

pursuit and prudential supervision of the business of electronic money institutions".

Money market

funds Collective investment undertakings, the issued units of which are close substitutes, in terms of liquidity, for deposits and which primarily invest in money market instruments and/or in other transferable debt instruments with a residual maturity of up to and including one year, and/or in bank deposits, and/or which pursue a rate of return that approaches the interest rates on money market instruments. For non-euro area Member States (cf. the definition below), it should be noted that the applicable national legislation may differ from the provisions of ECB Regulation

ECB/1998/16.

Other institutions Other resident financial institutions which fulfil the definition of an MFI, irrespective of the nature of

their business.

Foreign branch An institution falling under the definition contained in the Banking Co-ordination Directive

2000/12/EC of 20 March 2000, i.e. "a place of business which forms a legally dependent part of a

credit institution and which carries out directly all or some of the transactions inherent in the business of credit institutions; any number of places of business set up in the same Member State by a credit institution with headquarters in another Member State shall be regarded as a single branch". MFI ID The ID code is a unique identifier for each MFI.

NAME The full registered name of the MFI.

ADDRESS The name of the street and the number of the building.

POSTAL The postal code.

CITY The town or city of location.

HEAD OFFICE

This is comprised of two parts:

The country in which the head office is located, given as a two-digit ISO code (for foreign branches only). The full registered name of the head office (for foreign branches only).

RESERVE This caption indicates whether or not the credit institution is legally subject to minimum reserve

requirements in accordance with Article 19.1 of the Statute of the ESCB. ix

MFI sector analyses

As at end-December 2004

Chart 1 The EU MFI sector by country and by category

Category

Credit Institutions Money Market Funds Other Institutions

All MFIs Central

Bank

Number % of all MFIs

2

Number % of all

MFIsquotesdbs_dbs33.pdfusesText_39

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