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SDDS
Special Data
Dissemination Standard

Date of last update: 12/16/2013

FINANCIAL SOUNDNESS INDICATORS (FSIs) METADATA

I. Country Contact Person(s)
Main Points of Contact for FSI Compilation and Dissemination
Contact 1Contact 2Contact 3
Emerson de Carvalho Silva
Central Bank of Brazil
Desig – Financial System Monitoring Departament
Diasf – Financial Stability Monitoring Division
Av. Álvares Cabral, 1605 – 8th floor
Belo Horizonte – MG – Brazil
Telephone : +55 (31) 3253-7028
Email : emerson.carvalho@bcb.gov.br
Cilene Reciolino
Central Bank of Brazil
Desig – Financial System Monitoring Departament
Diasf – Financial Stability Monitoring Division
Av. Álvares Cabral, 1605 – 8th floor
Belo Horizonte – MG – Brazil
Telephone : +55 (31) 3253-7203
Email : cilene.reciolino@bcb.gov.br
Irineu Hiroshi Yokoo
Central Bank of Brazil
Desig – Financial System Monitoring Departament
Diasf – Financial Stability Monitoring Division
Av. Álvares Cabral, 1605 – 8th floor
Belo Horizonte – MG – Brazil
Telephone : +55 (31) 3253-7129
Email : irineu.yokoo@bcb.gov.br

 

II. Periodicity, Definitional Deviations from the Guide and Data Source
  Description Periodicity Definitional Deviations from the Guide Data Source
Definitional Consistency Deviations
I001    Regulatory capital to risk-weighted assets
Quarterly
LFC
(See deviations for underlying series S010 and S020)
Supervisory
S010         Total regulatory capital
LFC
Includes goodwill; Fixed asset revaluation reserve is limited to 25% of regulatory Tier 1 capital.
Supervisory
S020         Risk-weighted assets
LFC
External ratings are not employed.
Supervisory
I002    Regulatory Tier 1 capital to risk-weighted assets
Quarterly
LFC
(See deviations for underlying series S030 and S040)
Supervisory
S030         Regulatory Tier 1 capital
LFC
Includes goodwill. Does not include contingent reserves and special reserves related to minimum dividend not yet distributed. Hybrid Debt Capital Instruments are limited to 15% of regulatory Tier 1 Capital; Fixed asset revaluation reserve is limited to 25% of regulatory Tier 1 capital.
Supervisory
S040         Risk-weighted assets
LFC
External ratings are not employed.
Supervisory
I003    Nonperforming loans net of provisions to capital
Quarterly
LFC
(See deviations for underlying series S050 and S060)
Supervisory
S050         Nonperforming loans net of provisions
LFC
Excludes repurchase agreements that are not classified as deposits; Includes trade credit and similar accounts receivable; Excludes loans among deposit-takers; Includes interest accrued on some NPLs; Interest arrears on nonperforming assets continue to be included in the value of the underlying instrument recorded on the balance sheet only up to 59 days in arrears, but provisions are not created at the same time to offset the recording of interest arrears; Total Provisions include provisions for NPLs and provisions constituted for other loans; There is a possibility that loans overdue less than 90 days are being considered as NPL and there is also a possibility that loans overdue more than 90 days are not being considered as NPL. This is because, while loans are generally classified as NPLs when payments of interest or principal are past due 90 days or more, other factors affecting the ability of debtor’s repayment are also taken into account for defining NPLs. Banks have to establish their own loan review procedures following central bank’s guidance to examine the quality of loans for classification purposes.
Supervisory
S060         Capital
LFC
Includes (excludes) any goodwill arising from the purchase (sale) of a stake in an associate or subsidiary (or reverse equity investment stake); Reflects interest accrued on nonperforming assets.
Supervisory
I004    Nonperforming loans to total gross loans
Quarterly
LFC
(See deviations for underlying series S070 and S080)
Supervisory
S070         Nonperforming loans
LFC
Includes trade credit and similar accounts receivable; Excludes loans among deposit-takers; Includes interest accrued on some NPLs; Excludes repurchase agreement that are not classified as deposits; Interest arrears on nonperforming assets continue to be included in the value of the underlying instrument recorded on the balance sheet only up to 59 days in arrears, but provisions are not created at the same time to offset the recording of interest arrears; There is a possibility that loans overdue less than 90 days are being considered as NPL and there is also a possibility that loans overdue more than 90 days are not being considered as NPL. This is because, while loans are generally classified as NPLs when payments of interest or principal are past due 90 days or more, other factors affecting the ability of debtor’s repayment are also taken into account for defining NPLs. Banks have to establish their own loan review procedures following central bank’s guidance to examine the quality of loans for classification purposes.
Supervisory
S080         Total gross loans
LFC
Includes trade credit and similar accounts receivable; Excludes loans among deposit-takers; Excludes repurchase agreements that are not classified as deposits; Includes interest accrued on some NPLs – Interest arrears on nonperforming assets continue to be included in the value of the underlying instrument recorded on the balance sheet only up to 59 days in arrears, but provisions are not created at the same time to offset the recording of interest arrears.
Supervisory
I005    Sectoral distribution of loans to total loans
Quarterly
LFC
(See deviations for underlying series S090 and S100)
Supervisory
S090         Sectoral distribution of loans
LFC
Includes trade credit and similar accounts receivable; Excludes repurchase agreements that are not classified as deposits; Includes interest accrued on some NPLs – Interest arrears on nonperforming assets continue to be included in the value of the underlying instrument recorded on the balance sheet only up to 59 days in arrears, but provisions are not created at the same time to offset the recording of interest arrears.
Supervisory
S100         Total gross loans
LFC
Includes trade credit and similar accounts receivable; Excludes repurchase agreements that are not classified as deposits; Includes interest accrued on some NPLs – Interest arrears on nonperforming assets continue to be included in the value of the underlying instrument recorded on the balance sheet only up to 59 days in arrears, but provisions are not created at the same time to offset the recording of interest arrears.
Supervisory
I006    Return on assets
Quarterly
LFC
(See deviations for underlying series S110 and S120)
Supervisory
S110         Net income
LFC
Refers to net income, after income taxes and extraordinary items, accrued over a twelve-month period. Net income includes goodwill amortization expenses. Does not include unrealized gains and losses on financial instruments.
Supervisory
S120         Total assets
LFC
Refers to average assets outstanding over a twelve-month period. Includes goodwill. There is no specific provision for interest accrued before an asset was classified as nonperforming (90 days overdue). It is worth mentioning that interest accrual ceases when the asset is 60 days overdue.
Supervisory
I007    Return on equity
Quarterly
LFC
(See deviations for underlying series S130 and S140)
Supervisory
S130         Net income
LFC
Refers to net income, after income taxes and extraordinary items, accrued over a twelve-month period. Net income includes goodwill amortization expenses. Does not include unrealized gains and losses on financial instruments.
Supervisory
S140         Capital
LFC
Refers to average capital and reserves outstanding over a twelve-month period. Includes (excludes) any goodwill arising from the purchase (sale) of a stake in an associate or subsidiary (or reverse equity investment stake). Reflects interest accrued on assets before they were classified as nonperforming.
Supervisory
I008    Interest margin to gross income
Quarterly
LFC
(See deviations for underlying series S150)
Supervisory
S150         Interest margin
LFC
Refers to financial intermediation net income, before loan loss provisions, accrued over a twelve-month period. In addition to interest income, includes gains and losses on financial instruments.
Supervisory
S160         Gross income
FC
-
Supervisory
I009    Noninterest expenses to gross income
Quarterly
FC
-
Supervisory
S170         Noninterest expenses
FC
-
Supervisory
S180         Gross income
FC
-
Supervisory
I010    Liquid assets to total assets
Quarterly
LFC
(See deviations for underlying series S190 and S200)
See data sources for underlying series S190 and S200
S190         Liquid assets
LFC
Includes less relevant liquid assets derived from deposits in other financial institutions, which are used by smaller ones. Additionally, the liquid assets definition adopted corresponds to the guide’s broad measure, with a 30-day (21 work days) time horizon, instead of 90 days mentioned by the guide, and also subject to an stress scenario, which the guide does not suggest.
Exchanges, government securities’ clearing data, clearing houses, settlement systems, securities commission, supervisory data and financial institutions
S200         Total assets
LFC
Comprises current and long-term assets, as well as fixed assets, after some reclassifications and balancings.
Supervisory
I011    Liquid assets to short-term liabilities
Quarterly
LFC
(See deviations for underlying series S210 and S220)
See data sources for underlying series S210 and S220
S210         Liquid assets
LFC
Includes less relevant liquid assets derived from deposits in other financial institutions, which are used by smaller ones. Additionally, the liquid assets definition adopted corresponds to the guide’s broad measure, with a 30-day (21 work days) time horizon, instead of 90 days mentioned by the guide, and also subject to an stress scenario, which the guide does not suggest.
Exchanges, government securities’ clearing data, clearing houses, settlement systems, securities commission, supervisory data and financial institutions
S220         Short-term liabilities
LFC
The guide suggests applying the anticipated remaining terms of the funding instruments/contracts and does not mention building stress scenarios. It also suggests excluding deposits between deposit-takers.
Exchanges, government securities’ clearing data, clearing houses, settlement systems, securities commission, supervisory data and financial institutions
I012    Net open position in foreign exchange to capital
Quarterly
LFC
(See deviations for underlying series S230 and S240)
Supervisory
S230         Net open position in foreign exchange
LFC
Excludes those foreign exchange instruments held to offset the effects of differences on taxation rules. Excludes guarantees and similar instruments, which are certain to be called and likely to be irrecoverable.
Supervisory
S240         Capital
LFC
Refers to average capital and reserves outstanding over a twelve-month period. Includes (excludes) any goodwill arising from the purchase (sale) of a stake in an associate or subsidiary (or reverse equity investment stake). Reflects interest accrued on assets before they were classified as nonperforming.
Supervisory
LFC: Less than Full Consistency; FC: Full Consistency

 

III. Institutional Coverage, Consolidation Basis and Intra/Inter Group Adjustments
  Description Institutional Coverage Consolidation Basis Intra Group Adjustments Inter Group Adjustments
Consistency with the Guide Explanations Consistency with the Guide Consolidation basis used Consistency with the Guide Explanations
I001    Regulatory capital to risk-weighted assets
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
S010         Total regulatory capital
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
S020         Risk-weighted assets
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
I002    Regulatory Tier 1 capital to risk-weighted assets
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
S030         Regulatory Tier 1 capital
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
S040         Risk-weighted assets
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
I003    Nonperforming loans net of provisions to capital
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
S050         Nonperforming loans net of provisions
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
S060         Capital
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
I004    Nonperforming loans to total gross loans
LFC
Includes BNDES, which is not a deposit-taker.
FC
CBCSDI
FC
- No inter-group adjustments.
S070         Nonperforming loans
LFC
Includes BNDES, which is not a deposit-taker.
FC
CBCSDI
FC
- No inter-group adjustments.
S080         Total gross loans
LFC
Includes BNDES, which is not a deposit-taker.
FC
CBCSDI
FC
- No inter-group adjustments.
I005    Sectoral distribution of loans to total loans
LFC
Includes BNDES, which is not a deposit-taker. Loans extended by branches and subsidiaries abroad are included.
FC
CBCSDI
FC
- No inter-group adjustments.
S090         Sectoral distribution of loans
LFC
Includes BNDES, which is not a deposit-taker. Loans extended by branches and subsidiaries abroad are not included.
FC
CBCSDI
FC
- No inter-group adjustments.
S100         Total gross loans
LFC
Includes BNDES, which is not a deposit-taker. Loans extended by branches and subsidiaries abroad are not included.
FC
CBCSDI
FC
- No inter-group adjustments.
I006    Return on assets
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
S110         Net income
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
S120         Total assets
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
I007    Return on equity
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
S130         Net income
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
S140         Capital
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
I008    Interest margin to gross income
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
S150         Interest margin
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
S160         Gross income
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
I009    Noninterest expenses to gross income
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
S170         Noninterest expenses
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
S180         Gross income
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
I010    Liquid assets to total assets
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
S190         Liquid assets
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
S200         Total assets
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
I011    Liquid assets to short-term liabilities
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
S210         Liquid assets
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
S220         Short-term liabilities
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
I012    Net open position in foreign exchange to capital
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
S230         Net open position in foreign exchange
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
S240         Capital
LFC
Does not cover all deposit-taking entities, but only those that are banks or banking groups.
FC
CBCSDI
FC
- No inter-group adjustments.
BNDES: Brazilian Development Bank; CBCSDI: Cross-border, cross-sector consolidation basis for all domestically incorporated entities; LFC: Less than Full Consistency; FC: Full Consistency

 

IV. Valuation, Time of Recognition of Flows and Positions, and Exchange Rate
  Description Valuation Time of Recognition of Flows and Positions Exchange Rate
Consistency with the Guide Explanations Consistency with the Guide Explanations Consistency with the Guide Explanations
I001    Regulatory capital to risk-weighted assets
FC
-
FC
-
FC
-
S010         Total regulatory capital
FC
-
FC
-
FC
-
S020         Risk-weighted assets
FC
-
FC
-
FC
-
I002    Regulatory Tier 1 capital to risk-weighted assets
FC
-
FC
-
FC
-
S030         Regulatory Tier 1 capital
FC
-
FC
-
FC
-
S040         Risk-weighted assets
FC
-
FC
-
FC
-
I003    Nonperforming loans net of provisions to capital
LFC
Tradable liabilities are valued at historical values.
FC
-
FC
-
S050         Nonperforming loans net of provisions
FC
-
FC
-
FC
-
S060         Capital
LFC
Tradable liabilities are valued at historical values.
FC
-
FC
-
I004    Nonperforming loans to total gross loans
FC
-
FC
-
FC
-
S070         Nonperforming loans
FC
-
FC
-
FC
-
S080         Total gross loans
FC
-
FC
-
FC
-
I005    Sectoral distribution of loans to total loans
FC
-
FC
-
FC
-
S090         Sectoral distribution of loans
FC
-
FC
-
FC
-
S100         Total gross loans
FC
-
FC
-
FC
-
I006    Return on assets
FC
-
FC
-
FC
-
S110         Net income
FC
-
FC
-
FC
-
S120         Total assets
FC
-
FC
-
FC
-
I007    Return on equity
LFC
Tradable liabilities are valued at historical values.
FC
-
FC
-
S130         Net income
FC
-
FC
-
FC
-
S140         Capital
LFC
Tradable liabilities are valued at historical values.
FC
-
FC
-
I008    Interest margin to gross income
FC
-
FC
-
FC
-
S150         Interest margin
FC
-
FC
-
FC
-
S160         Gross income
FC
-
FC
-
FC
-
I009    Noninterest expenses to gross income
FC
-
FC
-
FC
-
S170         Noninterest expenses
FC
-
FC
-
FC
-
S180         Gross income
FC
-
FC
-
FC
-
I010    Liquid assets to total assets
FC
-
FC
-
FC
-
S190         Liquid assets
FC
-
FC
-
FC
-
S200         Total assets
FC
-
FC
-
FC
-
I011    Liquid assets to short-term liabilities
FC
-
FC
-
FC
-
S210         Liquid assets
FC
-
FC
-
FC
-
S220         Short-term liabilities
FC
-
FC
-
FC
-
I012    Net open position in foreign exchange to capital
LFC
Tradable liabilities are valued at historical values.
FC
-
FC
-
S230         Net open position in foreign exchange
LFC
Tradable liabilities are valued at historical values.
FC
-
FC
-
S240         Capital
LFC
Tradable liabilities are valued at historical values.
FC
-
FC
-
LFC: Less than Full Consistency; FC: Full Consistency

 

V. Guide and Amendments to the Guide References
  Description Guide Amendments to the Guide
I001
S010
S020
   Regulatory capital to risk-weighted assets
        Total regulatory capital
        Risk-weighted assets
Chapter 6: 6.17-6.18, Appendix II: 9-12
Chapter 4: 4.68-4.73
Chapter 4: 4.74
AG. 7-8
AG. 7-8
AG. 7-8
I002
S030
S040
   Regulatory Tier 1 capital to risk-weighted assets
        Regulatory Tier 1 capital
        Risk-weighted assets
Chapter 6: 6.19, Appendix II: 12-14
Chapter 4: 4.70
Chapter 4: 4.74
AG. 7-8
AG. 7-8
AG. 7-8
I003
S050
S060
   Nonperforming loans net of provisions to capital
        Nonperforming loans net of provisions
        Capital
Chapter 6: 6.22-6.23, Appendix II: 15-19
Chapter 4: 4.50, 4.84-4.87
Chapter 4: 4.62-4.65, 4.68-4.73
AG. 7-8, 18-21, 25
AG. 18-21, 25
AG. 7-8, 18, 20-21
I004
S070
S080
   Nonperforming loans to total gross loans
        Nonperforming loans
        Total gross loans
Chapter 6: 6.54-6.55, Appendix II: 20-24
Chapter 4: 4.84-4.87
Chapter 4: 4.45-4.48
AG. 18-21, 25
AG. 18-21, 25
AG. 18-21
I005
S090
S100
   Sectoral distribution of loans to total loans
        Sectoral distribution of loans
        Total gross loans
Chapter 6: 6.56-6.57, Appendix II: 25-29
Chapter 2: 2.4-2.18, Chapter 3: 3.34-3.43
Chapter 4: 4.45-4.48
AG. 18-21
AG. 18-21
AG. 18-21
I006
S110
S120
   Return on assets
        Net income
        Total assets
Chapter 6: 6.52-6.53, Appendix II: 30-36
Chapter 4: 4.17-4.35
Chapter 4: 4.37-4.38, Chapter 5: 5.91, Chapter 6: 6.53
AG. 11-13, 18-21, 26
AG. 11-13, 26
AG. 18-21
I007
S130
S140
   Return on equity
        Net income
        Capital
Chapter 6: 6.25-6.26, Appendix II: 37-40
Chapter 4: 4.17-4.35
Chapter 4: 4.62-4.65, 4.68-4.73, Chapter 6: 6.26
AG. 11-13, 18, 20-21, 26
AG. 11-13, 26
AG. 7-8, 18, 20-21
I008
S150
S160
   Interest margin to gross income
        Interest margin
        Gross income
Chapter 6: 6.69-6.70, Appendix II: 41-46
Chapter 4: 4.17-4.19
Chapter 4: 4.17-4.29
AG. 11-13
-
AG. 11-13
I009
S170
S180
   Noninterest expenses to gross income
        Noninterest expenses
        Gross income
Chapter 6: 6.73-6.74, Appendix II: 47-51
Chapter 4: 4.30-4.31
Chapter 4: 4.17-4.29
AG. 11-13
AG. 11
AG. 11-13
I010
S190
S200
   Liquid assets to total assets
        Liquid assets
        Total assets
Chapter 6: 6.45-6.46, Appendix II: 52-58
Chapter 4: 4.78-4.81
Chapter 4: 4.37-4.38, Chapter 5: 5.91
AG. 18-21, 23
AG. 23
AG. 18-21
I011
S210
S220
   Liquid assets to short-term liabilities
        Liquid assets
        Short-term liabilities
Chapter 6: 6.47-6.48, Appendix II: 59-64
Chapter 4: 4.78-4.81
Chapter 4: 4.83
AG. 23-24
AG. 23
AG. 24
I012
S230
S240
   Net open position in foreign exchange to capital
        Net open position in foreign exchange
        Capital
Chapter 6: 6.31-6.37, Appendix II: 65-70
Chapter 4: 4.92; Chapter 6: 6.31-6.37
Chapter 4: 4.62-4.65, 4.68-4.73
AG. 7-8, 16, 18, 20-21, 28
AG. 16
AG. 7-8, 18, 20-21, 28

 

VI. External Links
  • Financial Soundness Indicators (FSIs): Home Page
  • Financial Soundness Indicators (FSIs): Concepts and Definitions
  • Financial Soundness Indicators (FSIs): Compilation Guide
  • Amendments to the Financial Soundness Indicators (FSIs) Compilation Guide