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20 August 2018

Euro area financial vehicle corporation statistics: second quarter of 2018

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 €1,431 billion at the end of the second quarter of 2018, €16 billion higher than at the end of the previous quarter. Over the same period, transactions amounted to a net issuance of €12 billion. The annual growth rate of debt securities issued, calculated on the basis of transactions, increased to 1.8% in the second quarter of 2018, from 0.6% in the previous quarter.

Euro area FVCs' holdings of securitised loans – accounting for most of the assets backing the debt securities issued – increased to €1,259 billion at the end of the second quarter of 2018, from €1,231 billion at the end of the previous quarter, mainly accounted for by net acquisitions of €28 billion. Net acquisitions of securitised loans originated by euro area monetary financial institutions (MFIs) amounted to €22 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 stood at €782 billion at the end of the second quarter of 2018, with a net acquisition of €13 billion during the second quarter of 2018 while loans to euro area non-financial corporations amounted to €326 billion, with a net acquisition of €11 billion.

Among the other assets of euro area FVCs, deposits and loan claims amounted to €185 billion at the end of the second quarter of 2018, predominantly claims on euro area MFIs (€103 billion). There was a net disposal of deposits and loan claims during the quarter of €5 billion. Holdings of debt securities amounted to €237 billion at the end of the second quarter 2018, while net acquisitions amounted to €7 billion. Other securitised assets held by FVCs – including for example trade, tax and other receivables – amounted to €105 billion, with net acquisitions of €3 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

  • The hyperlinks in the main body of the press release and in annex tables are dynamic. The data they lead to may therefore change with subsequent data 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.
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Banco Central Europeo

Dirección General de Comunicación

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