Indicators of Non-banking corporations
Indicators of non-banking corporations are used to estimate loans issued by economically active enterprises, whose main kind of activity is other crediting services, to different institutional sectors.
Starting from 2018 Central bank of Latvia collects the data on indicators of non-banking corporations.
Concepts and definitions
Non-banking corporations – enterprises issuing loans, which are not monetary financial institutions.
Non-banking corporations offer quick loan (consumer credit of small amount), credit line (money can be withdrawn when needed), lending against security and other financial services.
Loan is a movement of the free-cash granted by banks or enterprises to the borrower for a certain term for a set fee.
Insurance companies and pension funds
Insurance companies and pension funds are financial institutions engaged in financial intermediation services, merging risks of various types.
Insurance companies take over the policyholder’s or insured person’s possible risk of loss or pass the risk of possible financial loss to the reinsurer.
Insurance companies offer services of live and non-life insurance.
Private pension funds are providing social risk insurance for fund participants, accumulating and investing payments voluntarily made by the participants to ensure these participants with old-age and disability capital.
Other financial intermediaries (OFI)
Other financial intermediaries are financial institutions engaged mainly in financial intermediation, accepting obligations other than currency, deposits and substitutes for deposits from clients, which are not OFI, or insurance technical reserves.
Other financial intermediaries are companies engaged in crediting (e.g., financial leasing companies, factoring companies, export and import financing companies), investment funds, investment brokerage companies, financial vehicle corporations, financial holding corporations, venture capital companies as well as other financial institutions, if their activity meets the mentioned requirements.
Finance auxiliaries are financial institutions engaged mainly in finance auxiliary activities, i.e., in activities which are closely related with financial intermediation, but are not direct financial intermediation, e.g., investment brokers not performing financial intermediation activities on own behalf, companies ensuring infrastructure of financial market, institutions supervising monetary financial institutions (MFI), financial institutions and financial market.
Finance and Capital Market Commission and Nasdaq Riga, the Latvian Central Depository, insurance companies, currency exchange points, as well as investment management companies are considered as financial auxiliaries.
Households [Enterprise finances]
Household includes individuals or groups of individuals as consumers and, possibly, also as entrepreneurs who produce goods for market and provide non-financial and financial services (market producers).
This sector also includes individuals or groups of individuals as producers of goods and services for own final consumption.
Non-profit institutions serving households
The non-profit institutions serving households consists of non-profit institutions that serve households as separate legal persons and are other private non-market producers.
Their main resources other than those from occasional trade are gained from voluntary contributions in cash or in kind from households as consumers, from general government subsidies or as income from real-estate.
Monetary financial institutions (MFI)
Residents – all institutions, including foreign institutions, that are registered and are working in Latvia, and individuals whose household is located in Latvia and which do not leave Latvia for a period exceeding one year (excluding students).
Local government bodies
Local government bodies are local government administrative structural units and local government agencies area of responsibility of which cover certain territory of the local government or territory of several local governments.
Local government bodies include local government bodies, mediated local government authorities as well as merchants controlled and funded by local governments.
Data collection and statistical processing
Survey method and data source
Data are mainly collected from CSB report 3-FAP "Financial assets and liabilities". Data are collected on all economically active enterprises with the main activity Other credit granting (NACE Rev. 2 code 6492).
Number of merchants surveyed
|Year||Economically active enterprises
(NACE REV.2 6492)
The following classifications are used for conducting a survey:
- Revision 2 of the Statistical Classification of Economic Activities (NACE Rev. 2);
- Classification of institutional sectors (for calculation).
Data adjustment is carried out if the respondent specifies data on some of the previous periods.
Publishing data for the 4th quarter the data of the previous quarters are revised.
Contact person on methodology
Enterprise Structural and Financial Statistics Section