ECB publishes supervisory banking statistics for the first quarter of 2019

Capital ratios for significant institutions remain stable in the first quarter of 2019, with total capital ratio at 17.99% and CET1 at 14.34%. NPL ratio decreases further to 3.67%, lowest level since time series first published in 2015. Liquidity coverage ratio increases to 149.71%. Capital adequacy Capital ratios for significant institutions remained stable in the first […]

New members of the Supervisory Board appointed

Edouard Fernandez-Bollo, Kerstin af Jochnick and Elizabeth McCaul will be the new ECB representatives on the Supervisory Board The Governing Council of the European Central Bank (ECB) has appointed Edouard Fernandez-Bollo, Kerstin af Jochnick and Elizabeth McCaul as ECB representatives to the Supervisory Board of ECB Banking Supervision, each for a five-year non-renewable term. Edouard […]

Meeting highlights from the Pharmacovigilance Risk Assessment Committee (PRAC) 8-11 July 2019

PRAC starts review of meningioma risk with cyproterone medicines EMA’s safety committee (PRAC) has started a review of medicines containing cyproterone, which are used for treating a range of conditions, including excessive hair growth, prostate cancer and acne, as well as in hormone replacement therapy.

Private sector working group recommends legal action plan for transition from EONIA to €STR

Working group proposes €STR plus a fixed spread of 8.5 basis points as the EONIA fallback rate Working group recommends, whenever feasible and appropriate, no longer entering into new contracts referencing EONIA as from 2 October 2019 In existing contracts referencing EONIA and maturing after December 2021, market participants should replace EONIA as a primary […]

ESRB publishes EU Non-bank Financial Intermediation Risk Monitor 2019

The European Systemic Risk Board (ESRB) has today published the EU Non-bank Financial Intermediation Risk Monitor 2019 (NBFI Monitor, previously called the Shadow Banking Monitor), which covers data up to end-2018. This is the fourth issue in an annual series that contributes to the monitoring of a part of the financial system that has grown in recent […]

ECB concludes comprehensive assessment of Nordea

Comprehensive assessment required following relocation to euro area Stress test and asset quality review conducted The exercise did not reveal any capital shortfall The European Central Bank (ECB) today published the results of a comprehensive assessment for Nordea Bank Abp (Nordea), which has consented to their disclosure. Nordea was required to undergo the assessment following the relocation […]

EU Member States make only mixed progress in reducing emissions under UN convention, latest air pollution data shows

European Union (EU) Member States have made only mixed progress in reducing emissions of the most harmful air pollutants, according to updated data published today by the European Environment Agency (EEA). The data is from the annual EU emission inventory report sent to the UNECE Convention on Long-range Transboundary Air Pollution (LRTAP).  Image © Brent […]

The composite cost-of-borrowing indicator for new loans to corporations[1] remained broadly unchanged at 1.55% in June 2019. The composite cost-of-borrowing indicator for new loans to households for house purchase[2] decreased by 5 basis points from the previous month to 1.67% in June 2019, driven by the interest rate effect. In the same month, the euro area composite interest rate for new deposits from corporations remained broadly unchanged at 0.09% and the one for new deposits from households showed no change at 0.36%. Bank interest rates for corporations Data for cost of borrowing and deposit interest rate for corporations The composite cost-of-borrowing indicator, which combines interest rates on all loans to corporations, remained broadly unchanged in June 2019. The interest rate on new loans of over €1 million with a floating rate and an initial rate fixation period of up to three months and on new loans of the same size with an initial rate fixation period of over ten years showed no change at 1.09% and at 1.56%, respectively. In the case of new loans of up to €250,000 with a floating rate and an initial rate fixation period of up to three months, the average rate charged decreased by 5 basis points to 2.13%. The month-on-month change was driven by the interest rate effect. As regards new deposit agreements, the interest rate on deposits from corporations with an agreed maturity of up to one year stayed approximately constant at 0.06% in June 2019. The interest rate on overnight deposits from corporations stayed constant at 0.03%. The interest rate on new loans to sole proprietors and unincorporated partnerships with a floating rate and an initial rate fixation period of up to one year remained broadly unchanged at 2.37%. Data for bank interest rates for corporations Bank interest rates for households Data for cost of borrowing and deposit interest rate for households The composite cost-of-borrowing indicator, which combines interest rates on all loans to households for house purchase, decreased in June 2019. The interest rate on loans for house purchase with a floating rate and an initial rate fixation period of up to one year remained broadly unchanged at 1.56%. The interest rate on housing loans with an initial rate fixation period of over ten years fell by 9 basis points to 1.65%, mainly driven by the interest rate effect. In the same period, the interest rate on new loans to households for consumption fell by 10 basis points to 5.64%. The month-on-month change was essentially due to developments in two euro area countries and it was mainly driven by the weight effect. As regards new deposits from households, the interest rate on deposits with an agreed maturity of up to one year remained broadly unchanged at 0.30%, while the interest rate on deposits redeemable at three months’ notice and on overnight deposits showed no change in June 2019, at 0.43% and 0.03%, respectively. Data for bank interest rates for households Further information Tables containing further breakdowns of bank interest rate statistics, including the composite cost-of-borrowing indicators for all euro area countries, are available from the ECB’s Statistical Data Warehouse. A subset is visually presented in “Our statistics” at www.euro-area-statistics.org. The full set of bank interest rate statistics for both the euro area and individual countries can be downloaded from SDW. More information, including the release calendar, is available under “Bank interest rates” in the statistics section of the ECB’s website.

Annual growth rate of broad monetary aggregate M3 decreased to 4.5% in June 2019 from 4.8% in May Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, stood at 7.2% in June, unchanged from previous month Annual growth rate of adjusted loans to households stood at 3.3% in June, unchanged from previous month Annual […]

Euro area bank interest rate statistics: June 2019

The composite cost-of-borrowing indicator for new loans to corporations[1] remained broadly unchanged at 1.55% in June 2019. The composite cost-of-borrowing indicator for new loans to households for house purchase[2] decreased by 5 basis points from the previous month to 1.67% in June 2019, driven by the interest rate effect. In the same month, the euro […]