Euro area financial vehicle corporation statistics: first quarter of 2019

In the first quarter of 2019 the outstanding amount of debt securities issued by euro area financial vehicle corporations (FVCs) engaged in securitisation decreased to €1,449 billion, from €1,451 billion at the end of the previous quarter.
Net redemptions of debt securities by FVCs during the first quarter of 2019 amounted to €14 billion.
Euro area FVCs' holdings of securitised loans stood at €1,259 billion at the end of the first quarter of 2019; the net disposals of securitised loans held by FVCs amounted to €20 billion.

Chart 1

Debt securities issued by euro area FVCs

Data for debt securities issued by euro area FVCs

The outstanding amount of debt securities issued by euro area FVCs was €1,449 billion at the end of the first quarter of 2019, €2 billion lower than at the end of the previous quarter. Over the same period, transactions amounted to a net redemption of €14 billion. The annual growth rate of debt securities issued, calculated on the basis of transactions, decreased to 1.5% in the first quarter of 2019, from 2.7% in the previous quarter.

Euro area FVCs' holdings of securitised loans – accounting for most of the assets backing the debt securities issued – decreased to €1,259 billion at the end of the first quarter of 2019, from €1,275 billion at the end of the previous quarter, mainly accounted for by net disposals of €20 billion. Net disposals of securitised loans originated by euro area monetary financial institutions (MFIs) amounted to €17 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 €746 billion at the end of the first quarter of 2019, with a net disposal of €14 billion during the first quarter of 2019 while loans to euro area non-financial corporations amounted to €363 billion, with a net disposal of €5 billion.

Among the other assets of euro area FVCs, deposits and loan claims amounted to €188 billion at the end of the first quarter of 2019, predominantly claims on euro area MFIs (€102 billion). There was a net acquisition of deposits and loan claims during the quarter of €1 billion. Holdings of debt securities amounted to €271 billion at the end of the first quarter 2019, while net acquisitions amounted to €7 billion. Other securitised assets held by FVCs – including for example trade, tax and other receivables – amounted to €106 billion, with net acquisitions of €1 billion during the quarter.

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.

KONTAKT

Europeiska centralbanken

Generaldirektorat Kommunikation och språktjänster

Sonnemannstrasse 20
60314 Frankfurt am Main, Tyskland
+49 69 1344 7455
media@ecb.europa.eu

Texten får återges om källan anges.

Kontakt för media

Är du nöjd med den här sidan?

Ja Nej

Vår webbplats använder kakor (cookies)

Vi använder funktionella kakor för att lagra användarpreferenser, analyskakor för att förbättra webbplatsens prestanda och kakor från tredje part av tredjepartstjänster som är integrerade på webbplatsen. Du kan välja att godkänna eller inte godkänna användningen av kakor. För mer information och för att se över dina inställningar för de kakor och servrar som vi använder klicka på: