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      Covered Bond Quarterly: Reviving publicly guaranteed collateral could boost European competitiveness

      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.

      DNB’s acquisition of Carnegie enhances business model and Nordic footprint

      29/10/2024 Research EN

      DNB’s acquisition of Carnegie enhances business model and Nordic footprint

      DNB’s acquisition of Carnegie, subject to regulatory approval, marks a strategic move that strengthens the Norwegian lender’s business model while opening up growth opportunities in the Nordic region.

      What Frederick the Great might have told Mario Draghi about 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?

      Government divestment of bank stakes could revitalise European bank M&A

      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.

      European Bank Capital Quarterly: Basel 3 implementation imminent, refinements likely

      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.

      EU banks: NPL ratio stable in Q2 but modest asset-quality deterioration to persist

      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.

      UniCredit: Commerzbank takeover unlikely without German government approval

      25/9/2024 Research EN

      UniCredit: Commerzbank takeover unlikely without German government approval

      UniCredit is pursuing a growth strategy to create a pan-European banking leader, but political resistance to cross-border consolidation remains strong.

      Spanish bank quarterly: Strong domestic economy, lending growth support bank performance

      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.

      French bank quarterly: net interest margins to remain low for longer

      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.

      Covered Bond Directive: Policymakers solicit views on outstanding items. Are ESNs the next frontier?

      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.