Press release

Brussels, 27 April 2023 – For immediate release

The European Covered Bond Council (ECBC) is pleased to announce that Evitec, a Nordic expert in software solutions and consultation services for the finance sector, has become the ECBC’s latest member.

Evitec’s expertise lies in combining technological insights with data and can help to streamline covered bond issuance and management processes, reducing costs and improving efficiency.

Commenting on Evitec’s admission as a member, EMF-ECBC Secretary General, Luca Bertalot, stated:

“We’re delighted to welcome Evitec as new member of the ECBC. Data collection, management and comparability are key to supporting market efficiency and confidence. The covered bond industry needs to constantly adapt to new challenges: climate and transition risks need to be addressed and data analytics will help covered bond issuers to improve their reporting capabilities, thereby enabling investors to make informed decisions, boosting market confidence at both ends.”

Ilkka Starck, CEO of Evitec commented:

“We’re excited to become a member of the ECBC. The ECBC has a central role in the European mortgage industry and membership allows us to join the discussions with other members. In Finland, over half of all covered bond pooling and new issuances are handled by Evitec’s Covered Bonds solution, so it’s a natural step for us to share our know-how and insights in cover pool management, not to mention that the solution is compliant in the EU area and covers also green covered bond issuances.”