Securities Issues Statistics – January 2017

Statistical Release 10 March 2017

View information release with charts and related data tables.

Trends in financing of all Irish-resident entities

• The outstanding amount of debt securities issued by Irish resident entities (including Government) was €729.7 billion at end-January 2017, which was a fall of 10.2 per cent year-on-year. Over the same period, there was no significant change to the outstanding amount of debt securities issued by euro area residents.
• Debt financing for the banking sector stood at €55.7 billion at the end of January 2017, a decrease of €5.9 billion compared to the same month last year.
• Quoted shares had a market capitalisation of €550.3 billion at end-January, which represented an increase of 1.9 per cent over the year. The value of the stock of quoted shares issued by euro area residents increased by 10.6 per cent over the year to end-January.

Banking Sector

At the end of January 2017, the outstanding amount of debt securities issued by the monetary financial institutions (MFI) sector was €55.7 billion, a rise of €8.1 billion since last month – (Charts 1 & 3). Over the year to January 2017, the outstanding amount of bank bonds decreased by 9.5 per cent. This reflected a decrease of €6.3 billion in long-term debt securities, and little change in short-term debt securities. Long-term debt securities account for 72.5 per cent of the total debt securities issued by the banking sector.

Over the twelve months to end-January, the total outstanding amount of debt securities for the banking sector across the euro area decreased by 2.2 per cent.

The market value of equities in the banking sector in Ireland fell by 5.8 per cent over the year to stand at just over €23 billion as of January 2017 (Charts 2 & 3).

Other Financial Intermediaries

The outstanding amount of debt securities issued by the other financial institutions (OFI)¹ sector showed little change in January to stand at €529.2 billion (Charts 4 & 6). This was 13 per cent lower compared to January 2016, reflecting a decrease of €79.4 billion. Long term debt securities account for 95.3 per cent of the total debt securities issued by the OFI sector.

Over the past twelve months, the total outstanding amount of debt securities for the OFI sector across the euro area decreased by 2.5 per cent.

In January 2017, the value of the quoted shares in the OFI sector in Ireland was €19.6 billion, an increase of just under €1.2 billion over the month. Over the year, there was a decrease of 25.6 per cent (Charts 5 & 6).

Non-Financial Corporations

The value of the quoted shares in the non-financial corporations (NFC) sector showed little change over the month of January to stand at €507.5 billion. This was an increase of 3.8 per cent over the year. The January total represents a fall back of €46.3 billion since the high point of July 2015 (Charts 7 & 9).

Over the past twelve months, the total market capitalisation for NFCs equities in the euro area increased by 8.6 per cent.

The outstanding amount of debt securities issued by NFCs increased year-on-year by just under €4 billion to stand at €14.7 billion at end January 2017 (Charts 8 & 9).

Detailed tables can be found on the Central Bank of Ireland’s website here. The data are largely compiled from the ESCB Centralised Securities Database.
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¹ The OFI sector data presented here includes issuance by entities classified within the Financial Auxiliaries (FA) or Captive Financial Institutions (CFI) sectors. Albeit the identified amounts are insignificant at present, it is intended to produce a more complete sectoral disaggregation going forward.