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BCE ECB EZB EKP EKT

LIST OF MONETARY

FINANCIAL INSTITUTIONS

AND INSTITUTIONS SUBJECT

TO MINIMUM RESERVES

February 2003

LIST OF MONETARYLIST OF MONETARYLIST OF MONETARYLIST OF MONETARY

FINANCIAL INSTITUTIONS

FINANCIAL INSTITUTIONSFINANCIAL INSTITUTIONSFINANCIAL INSTITUTIONS

AND INSTITUTIONS SUBJECT

AND INSTITUTIONS SUBJECTAND INSTITUTIONS SUBJECTAND INSTITUTIONS SUBJECT

TO MINIMUM RESERVES

TO MINIMUM RESERVESTO MINIMUM RESERVESTO MINIMUM RESERVES

February 200

3

© European Central Bank, 2003

AddressKaiserstrasse 29

D-60311 Frankfurt am Main

Germany

Postal addressPostfach 16 03 19

D-60066 Frankfurt am Main

Germany

Telephone+49 69 1344 0

Internethttp://www.ecb.int

Fax+49 69 1344 6000

Telex411 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 2002.

ISSN 1725-3314 (print)

ISSN 1725-3322 (online)

iiiContents

Section 1 Overview

Definition of terms.....................................................................................................................viii

MFI sector analyses: as at end-December 2002

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 2002

Chart 5: Development of the EU MFI sector.........................................................................xii

Chart 6: Total net change in the MFI sector by country.........................................................xii

Chart 7: The EU MFI sector by country and by quarter........................................................xiii

Section 2 List of MFIs and institutions subject to minimum reserves

Euro area Member States

Greece

Non-euro area Member States

United Kingdom...............................................................................................................175

ivAbbreviations

Countries

BEBelgium

DKDenmark

DEGermany

GRGreece

ESSpain

FRFrance

IEIreland

ITItaly

LULuxembourg

NLNetherlands

ATAustria

PTPortugal

FIFinland

SESweden

GB, UK United Kingdom

Others

ECBEuropean Central Bank

EUEuropean Union

MFIsMonetary Financial Institutions

NCBsnational central banks

n/anot applicable

Section 1

Overview

viForeword

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), as amended, and Article 2.3 of the Regulation of the European Central Bank of 1 December

1998, on the application of minimum reserves

(ECB/1998/15),

1 as amended.

Aim

This publication

relates to the Monetary

Financial Institutions sector (MFI sector) as at

end-December 2002.

The List of MFIs comprises institutions

resident in the European Union (EU) which fully comply 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 for the money- creating sector in the euro area and ensuring that the information on the statistical reporting population is as complete, accurate 1

Official Journal L 356, 30 December 1998.2See the "Definition of terms" below.3The 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 definition of an MFI.

The List of MFIs is also 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 did 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 end-December 2002, including developments viisince the since the start of Stage Three of the

Economic and Monetary Union (see Charts 1

to 7).

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.

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 "MonetaryFinancial 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 sixth in the series.This publication is available from the ECB in

English, with national translations being left

to the discretion of the EU national central banks.

In accordance with Community practice, the

EU countries in this publication are listed

using the alphabetical order of the country names in the national languages.

February 2003

viiiDefinition of terms

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

Central banksThe national central banks of the 15 Member States of the European Union.

Credit institutionsAny 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

Euro areaThe 12 countries 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

StatesThe 12 countries of the European Union participating in Stage Three of Economic and Monetary

Union (cf. The definition of

euro area above).

EurosystemThe European Central Bank and the national central banks of the countries of the European Union

participating in Stage Three of Economic and Monetary Union.

Foreign branchAn 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

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.

Money market

fundsCollective 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 MMF shares/units 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. thedefinition below), it should be noted that the applicable national legislation may differ from the

provisions of ECB Regulation ECB/2001/13, as amended.

Non-euro areaMember StatesThe three Member States of the European Union not participating in Stage Three of Economic and

Monetary Union, namely Denmark, Sweden and the United Kingdom.

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

their business. MFI IDThe ID code is a unique identifier for each MFI.

NAMEThe full registered name of the MFI.

ADDRESSThe name of the street and the number of the building.

POSTALThe postal code.

CITYThe town or city of location.

HEAD OFFICEThis consists 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).

RESERVEThis 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. ixMFI sector analyses As at end-December 2002Chart 1The EU MFI sector by country and by category CategoryCredit InstitutionsMoney Market FundsOther InstitutionsAll MFIsCentral Bank

Number% of all

MFIs

2Number% of all

MFIs

2Number% of all

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