European Guarantee Fund well over half its €24.4 bn target in first 6 months

The EIB Group and contributing Member States have approved €16 billion in financing to date, equalling about two thirds of the total size of the European Guarantee Fund (EGF). The €24.4 billion fund, a key part of the EU recovery package to get the economy back on track, is expected to mobilise up to €200 […]

Payments statistics: 2020

Total number of non-cash payments in euro area increased by 3.7% to 101.6 billion and total value increased by 8.7% to €167.3 trillion Card payments accounted for 47% of total number of non-cash payments, while credit transfers accounted for 23% and direct debits accounted for 22% Number of payment cards issued increased by 6.5% to 609 million, representing around 1.8 payment cards per euro area […]