July 2020 euro area bank lending survey

Credit standards for loans to firms remain favourable, supported by fiscal and monetary measures Surge in firms’ demand for loans continues to reflect emergency liquidity needs Credit standards for loans to households tighten further Credit standards – i.e. banks’ internal guidelines or loan approval criteria – remained broadly unchanged for loans to enterprises (see Chart […]

Consolidated financial statement of the Eurosystem as at 10 July 2020

In the week ending 10 July 2020 the net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 2.3 billion to EUR 321.7 billion. As a result of the Eurosystem’s open market operations and standing facilities, net lending to credit institutions (asset item 5 minus liability items 2.2, 2.3, 2.4, 2.5 and 4) fell […]

ECB establishes close cooperation with Bulgaria’s central bank

ECB Governing Council has adopted a decision to establish close cooperation with the Bulgarian National Bank Direct supervision of Bulgarian significant institutions to start on 1 October 2020 following completion of significance assessment process The Governing Council of the European Central Bank (ECB) has adopted a decision to establish close cooperation with Българска народна банка […]