European Central Bank - eurosystem
European Central Bank - eurosystem
Search
Opțiuni de căutare
Pagina inițială Media Materiale explicative Studii și publicații Statistici Politică monetară Euro Plăți și piețe Cariere
Sugestii
Sortează în funcție de
Nu este disponibil în limba română
  • PRESS RELEASE
  • 20 February 2020

Euro area financial vehicle corporation statistics: fourth quarter of 2019

  • In the fourth quarter of 2019 the outstanding amount of debt securities issued by euro area financial vehicle corporations (FVCs) engaged in securitisation increased to €1,551 billion, from €1,510 billion at the end of the previous quarter.
  • Net issuance of debt securities by FVCs during the fourth quarter of 2019 amounted to €47 billion.
  • Euro area FVCs' holdings of securitised loans stood at €1,288 billion at the end of the fourth quarter of 2019; the net acquisitions of securitised loans held by FVCs amounted to €2 billion.
Chart 1

Debt securities issued by euro area FVCs

(EUR billions; not seasonally adjusted)

Data for debt securities issued by euro area FVCs

The outstanding amount of debt securities issued by euro area FVCs was €1,551 billion at the end of the fourth quarter of 2019, €41 billion higher than at the end of the previous quarter. Over the same period, transactions amounted to a net issuance of €47 billion (see Chart 1). The annual growth rate of debt securities issued, calculated on the basis of transactions, increased to 5.8% in the fourth quarter of 2019, from 5.0% in the previous quarter.

Euro area FVCs' holdings of securitised loans – accounting for most of the assets backing the debt securities issued – increased to €1,288 billion at the end of the fourth quarter of 2019, from €1,280 billion at the end of the previous quarter, accounted for by net acquisitions of €2 billion (see Chart 2). Net acquisitions of securitised loans originated by euro area monetary financial institutions (MFIs) amounted to €1 billion.

Chart 2

Loans securitised by FVCs by originator

(quarterly transactions in EUR billions; not seasonally adjusted)

Data for loans securitised by FVCs by originator

Turning to the borrowing sector of securitised loans, loans to euro area households amounted to €764 billion at the end of the fourth quarter of 2019, with a net disposal of €1 billion during the fourth quarter of 2019, while loans to euro area non-financial corporations amounted to €368 billion, with a net acquisition of €3 billion.

Among the other assets of euro area FVCs, deposits and loan claims amounted to €190 billion at the end of the fourth quarter of 2019, predominantly claims on euro area MFIs (€108 billion). There was also a net acquisition of deposits and loan claims during the quarter of €4 billion. Holdings of debt securities amounted to €333 billion at the end of the fourth quarter 2019, while net acquisitions amounted to €21 billion. Other securitised assets held by FVCs – including for example trade, tax and other receivables – amounted to €106 billion, with negligible net transactions.

Annex

Table: Annex to the press release on euro area financial vehicle corporations

For media queries, please contact Stefan Ruhkamp, tel.: +49 69 1344 5057.

Notes

  • Hyperlinks in the main body of the press release and in annex tables lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.
CONTACT

Banca Centrală Europeană

Direcția generală comunicare

Reproducerea informațiilor este permisă numai cu indicarea sursei.

Contacte media