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DREM releases 2021 data provided by the Interbank Services Company (SIBS) for the Autonomous Region of Madeira
The Regional Directorate of Statistics of Madeira publishes today data provided by the Interbank Services Company (SIBS) for the Autonomous Region of Madeira and for 2021. The information for this year is based in new criteria, which differ from the information concerning the 1997-2020 period.
Due to changes adopted by SIBS, the concepts of Automatic Teller Machine (ATM) and Automatic Payment Terminals (POS) had to be adjusted, and the information now released includes transactions carried out on all terminals of the SIBS network and not only on the Multibanco network. It also includes transactions carried out through digital/online channels.
Given the above, DREM created a break in the time series in 2021. As such, any comparison with the year 2020 and the years before should not be performed.
In 2021, the value of withdrawals added to purchases through automatic payment terminals of the SIBS network in the Region reached 1,937.5 million euros
In 2021, the amounts related to the two main operations (withdrawals and purchases through automatic payment terminals), taken together, reached an amount of 1,937.5 million euros, 1,640.0 million euros with national cards and 297.6 million euros with international cards.
Withdrawals totalled 684.4 million euros, of which 638.2 million euros with national cards and 46.2 million euros with international cards.
In turn, purchases through automatic payment terminals (POS) were around 1,253.1 million euros, of which 1,001.7 million were with national cards and 251.3 million with international cards.
In the aforementioned period, payments totalled 167.4 million euros.
Data by municipality shows that in Funchal, withdrawals and purchases in aggregate stood at 1,177,4 million euros, which corresponds to 60.8% of the total of the Region. On the other hand, Porto Moniz was the municipality with the lowest value in this indicator, standing at 11.1 million euros.
In the 4th quarter of 2021, the value of withdrawals added to purchases via POS rose to 554.1 million euros, split into 185.3 million euros in withdrawals and 368.8 million euros in purchases through POS.
Week from 13th to 19th December registered the highest amount of withdrawals and purchases made through POS
The information currently available allows a more detailed analysis regarding the transaction amounts on the SIBS network. Given the Christmas celebrations in December, it is relevant to look at all the period between the 1st week of November and the end of the year.
There was a continuous upward trend from the 1st week of November to the week from 13th to 19th December, only interrupted in the week from 29th November to 5th December, when there was a fall compared with the previous week. In the week from 13th to 19th December, the amount of withdrawals and purchases via POS stood at 46.7 million euros were from, the highest weekly value in the last two months of 2021. The following week, which includes Christmas, recorded the second highest value, 46.3 million euros.
DREM updates the time series on the SIBS network operations
Since the year 2021 has come to an end, DREM updated the time series on the SIBS network operations, the first year of data being, in most cases, 1997. Data on operations, withdrawals, consultations, payments, purchases through APT, number of terminals and ATMs are now available. However, as mentioned above, the information for 2021 is not comparable with previous years.
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