Announcements
Drinks
29/10/2024 Research EN
Covered Bond Quarterly: Reviving publicly guaranteed collateral could boost European competitiveness
With sovereign credit quality reflecting fiscal and economic challenges, the Draghi report offered valuable insights into how to address some structural issues facing the euro area. But the report was notably silent on the contribution of covered bonds.
24/10/2024 Research EN
What Frederick the Great might have told Mario Draghi about covered bonds
In 1769, Frederick the Great, King of Prussia, introduced the legal basis for an instrument that developed into Germany’s Pfandbrief, the forerunner of all covered bonds. How would he have reacted to the Draghi report on European competitiveness?
16/10/2024 Research EN
Government divestment of bank stakes could revitalise European bank M&A
UniCredit’s stake build in Commerzbank has highlighted that governments still hold stakes in their national champions. Selling them offers bank buyers a unique opportunity to reinforce their positions in foreign markets or enter new markets at scale.
11/10/2024 Research EN
European Bank Capital Quarterly: Basel 3 implementation imminent, refinements likely
Within two months, most European banks will be subject to final Basel 3 standards aimed at strengthening the resilience and stability of banks. We do not expect further major changes to the regulatory framework although there are likely to be refinements.
4/10/2024 Research EN
EU banks: NPL ratio stable in Q2 but modest asset-quality deterioration to persist
The consolidated non-performing loan (NPL) ratio of EU banks remained stable at a low level of 1.86% in the second quarter despite a rise in total NPLs to EUR 373.4bn, reflecting underlying volume growth.
23/9/2024 Research EN
Spanish bank quarterly: Strong domestic economy, lending growth support bank performance
Spanish banks expect strong H2 results supported by higher-for longer interest rates and loan volumes recovering faster than expected. Asset quality continues to be strong so risks to profitability and organic capital generation are contained.
10/9/2024 Research EN
French bank quarterly: net interest margins to remain low for longer
The recovery in net interest margins is taking longer than French banks initially anticipated, due to limited loan production and continuing migration of deposits to remunerated accounts, so improvements in cost efficiency are limited.
6/9/2024 Research EN
Covered Bond Directive: Policymakers solicit views on outstanding items. Are ESNs the next frontier?
Efforts to address remaining items in the Covered Bond Directive continue. While the Directive has brought many benefits, there is still room for improvement, particularly for European Secured Notes, which could offer both banks and SMEs funding benefits.