ECBC Covered Bond Fact Book 2025

On September 2, the European Covered Bond Council (ECBC) announced the publication of the 20^th (2025) edition of its European Covered Bond Fact Book. It features the latest covered bond statistical data as of end 2024 and can be downloaded from the ECBC website here.

The 2024 edition of the Fact Book features the following content: 

• CHAPTER I " KEY THEMES OF THE YEAR" presents an analysis of ten key themes of the year, offering an overview of the Industry’s outlook on topics such as sustainable, green, social covered bonds, sustainable housing and the success of the covered bonds directive.
• CHAPTER II "GENERIC SECTION"provides an Overview of Covered Bond market, detailed explanation on the different Regulatory Issues in the Covered Bond market, The Repo Treatment of Covered Bonds by Central Banks, the spread between Covered Bonds vs. Other Asset Classes and ESG Regulatory, more specifically, the regulatory requirements designed to enhance transparency and accountability around disclosure of sustainability-related data.
• CHAPTER III "THE ISSUER'S PERSPECTIVE" presents an overview of the legislation and markets in 42 different countries, demonstrating the worldwide success and recognition, and the continued spread of the asset class (includes Australia and New Zealand data).
• ​CHAPTER IV "RATING AGENCIES & METHODOLOGY" sets out credit rating agencies’ various covered bond methodologies.

• CHAPTER V "SYSTEM PROVIDERS" highlights the importance of system providers for the covered bond market and allows four system providers to provide valuable insights on their role in enhancing transparency and synergies in the market.

• ​CHAPTER VI "COVERED BOND STATISTICS" provides a description of trends in the covered bond market, as well as a complete set of covered bond statistics up to the end of 2024.

​The covered bond market statistics for 2023 are now available via the ECBC website here and you can also view a short video introduction of the statistics by the Chairman of the ECBC Statistics & Data Working Group, Mr Joost Beaumont.