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Eurosystem

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Illustrative image: close-up of a loan contract and a pen on euro banknotes, with warm light.

Companies

The ECB integrates loans to non-financial companies as permanent collateral from 2027

The ECB permanently integrates loans to non-financial companies as collateral in the Eurosystem, replacing the temporary ACC framework.

Beatriz Lorenzo Aguirre · 24 July 2026