- In fourth quarter of 2022聽聽by euro area FVCs engaged in securitisation rose to 鈧�1,740 billion, from 鈧�1,701 billion in previous quarter
- 聽by FVCs during fourth quarter of 2022 amounted to 鈧�43 billion
- Euro area FVCs acquired 鈧�27 billion of聽聽in fourth quarter of 2022, with outstanding amounts totalling 鈧�1,287 billion
The outstanding amount of聽聽by euro area FVCs was 鈧�1,740 billion at the end of the fourth quarter of 2022, 鈧�39 billion higher than at the end of the previous quarter. Over the same period, transactions amounted to a net issuance of 鈧�43 billion (see Chart 1). The annual growth rate of debt securities issued, calculated on the basis of transactions, decreased to 1.7% in the fourth quarter of 2022, from 4.7% in the previous quarter.
Euro area FVCs’ holdings of聽聽鈥� accounting for most of the assets backing the debt securities issued 鈥� increased to 鈧�1,287 billion at the end of the fourth quarter of 2022, from 鈧�1,258 billion at the end of the previous quarter. The change was mainly accounted by net acquisitions of 鈧�27 billion (see chart 2). Net acquisitions of securitised loans originated by euro area monetary financial institutions (MFIs) amounted to 鈧�21 billion.
Turning to the borrowing sector of securitised loans,聽聽amounted to 鈧�737 billion at the end of the fourth quarter of 2022, with a net acquisition of 鈧�4 billion during the fourth quarter of 2022, while聽聽amounted to 鈧�420 billion, with a net acquisition of 鈧�19 billion.
Among the other assets of euro area FVCs,聽聽amounted to 鈧�190 billion at the end of the fourth quarter of 2022, predominantly claims on euro area MFIs (鈧�96 billion). There was also a net acquisition of deposits and loan claims of 鈧�4 billion during the quarter.聽聽amounted to 鈧�487 billion at the end of the fourth quarter 2022, while net acquisitions amounted to 鈧�11 billion.聽聽held by FVCs 鈥� including for example trade, tax and other receivables 鈥� amounted to 鈧�113 billion, with net acquisitions of 鈧�5 billion during the quarter.
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