In order to further the Single Supervisory Mechanism, the ECB decided to put together a central register of granular data on the exposure to credit of all funded institutions in relation to loans in the Member States.
AnaCredit is therefore a database with the objective of storing all the information on all the credits granted by these same institutions in the Euro zone in order to harmonize all the information collected and to allow their use for future measures economic and financial situation of the ECB or the central banks of the Member States.
On the other hand, the data collected by AnaCredit will help to improve the supervision and regulation of the banking sector, as well as help in decision-making by the ECB on its policies.
The information to be reported at AnaCredit is characterized by being much more granular, that is, more detailed, with information on all contracts. In this way, AnaCredit will collect information on all loans and other credits from all institutions.