De Nederlandsche Bank published new statistics showing a marked shift in the Dutch securitisation market away from a predominantly residential mortgage-backed profile towards a broader mix of underlying loans. The figures cover outstanding volumes of securitisations sold to investors, measured as issuance net of repayments. Between 2020 and 2025, the share of loans other than mortgages rose from 12% to 29%, with outstanding volume almost doubling to EUR 8.5 billion, including car loans, consumer loans and business loans such as SME equipment leases. Growth was mainly driven by non-banking entities, such as consumer credit companies and leasing firms, using securitisations to access capital market funding. On the mortgage side, DNB links the longer-term contraction since a 2007 peak to stricter regulation and the increased use of alternative funding, including residential mortgage-backed covered bonds; the decline is most pronounced for owner-occupied mortgages, while buy-to-let securitisations rose over 2020-2025 before easing in the last two years amid tighter rent controls and higher taxes. Total outstanding Dutch securitisations sold to investors fell from EUR 38.0 billion in 2020 to EUR 29.6 billion in 2025, but increased from 2024 onwards, mainly due to non-mortgage securitisations, leaving the market EUR 3.5 billion higher (+14%) at 31 December 2025 than at 31 December 2023. DNB also notes the Dutch share of residential mortgages has fallen to 71%, moving closer to the European market overall (around 50%).

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