Estimated MFI loans by economic activity

This section provides time series on loans granted by euro area monetary financial institutions (MFIs) to euro area non-financial corporations broken down by economic activity in accordance with NACE Rev. 2.

The dataset presents statistics on monetary financial institution (MFI) loans to euro area non-financial corporations, broken down by economic sector of activity in accordance with the NACE Rev. 2 classifications.

The ECB publishes euro area aggregates for ten different categories based on NACE sections or groups of NACE sections. These euro area aggregates are estimated from the national contributions to total MFI loans to non-financial corporations collected as part of the MFI balance sheet items (BSI) statistics, together with additional data provided by the national central banks.Data refer to outstanding amounts at the end of each quarter, with the time series beginning with the first quarter of 2003.

BSI statistics are based on either the aggregated or the consolidated balance sheet of the monetary financial institutions (MFI) sector. The aggregated balance sheet is the sum of the balance sheets of all MFIs resident in the euro area. The consolidated balance sheet is obtained by netting the aggregated balance sheet positions between MFIs in the euro area. The consolidated balance sheet provides the basis for the regular analysis of euro area monetary aggregates and counterparts.

BSI statistics comprise:

1. Monetary aggregates and counterparts
2. MFI balance sheets
3. Credit institutions and money market funds
4. Electronic money
5. Estimated MFI loans to NFCs by economic activity (NACE)

Data Structure Definition of the BSI Dataflow is available here.

All MFIs (see ECB website for a precise definition and a list of MFIs) in the euro area are legally obliged to report data from their business and accounting systems to the national central banks of the Member States where they reside. These in turn report national aggregates to the ECB.

Data collection is based on a census rather than a sample. Nonetheless, national central banks can, at their discretion, offer MFIs exemptions from full reporting on a national basis, provided that the MFIs supplying a full statistical return make up at least 95% of the total national MFI balance sheet (modified census).

Some monetary assets/liabilities of central government (post office,treasury) are also included in this dataset.