Landshagir - 01.11.2012, Qupperneq 292

Peningamál
LANDSHAGIR 2012 STATISTICAL YEARBOOK OF ICELAND 2012
16
292
Statistics Iceland obtains data on the
banking system from the Central Bank of
Iceland. The Central Bank processes its
figures from the accounts of the banking
system
Data are gathered in order to monitor the
banking system and for monetary policy
purposes. The accounts of the banking
system are compiled from monthly reports
from various deposit money banks and the
Central Bank of Iceland.
The size of the banking system is consid-
erably smaller than at its peak before the
financial crisis in 2008.
Foreign assets decrease
Foreign assets of the banking system have
decreased dramatically since 2007, espe-
cially foreign credit and equities. Foreign
assets by the end of 2007 were 4,885 billion
ISK but dropped down to 1,406 billion ISK
at the end of 2011.
Trading on the Iceland Stock Exchange
decreased between years
Total trading of the Iceland Stock Exchange
peaked in the year 2008. Total trading was
6,447 billion ISK in 2008 but decreased to
2,670 billion ISK by year end 2011. In 2011,
the highest turnover was in treasury notes
or 70%, a considerable increase from 2008
when it was 42% of trading in the Stock
market.
Weakening of the Icelandic krona
The Icelandic krona has collapsed since the
beginning of the financial crisis in 2008.
The Central Bank average selling rates of
the USD rose by 32% from 2008 to 2011, the
Euro rose by 27%, the Danish krona by 27%
and the British pound by 17%.
Weighted average interest rates of commer-
cial banks decreased between years, were
6.2% in 2010 but 8.0% in 2011.
Bandaríkjadalur USD
Ís
le
ns
ka
r k
ró
nu
r
IS
K
Evra EUR
0
20
40
60
80
100
120
140
160
180
200
1982 1987 1992 1997 2002 2007 2011
Mynd 16.1 Meðalsölugengi Bandaríkjadals og evru 1982–2011
Figure 16.1 Central Bank average selling rates of USD and EUR 1982–2011