In April 2018, the Bank of Finland began to publish statistical data on credit institutions' market shares. The data are published based on authorisations by banks and cover the following four subsets: loans granted to non-monetary financial institutions (non-MFIs), housing loans to Finnish households, loans to Finnish non-financial corporations and deposits placed by non-MFIs. The data are published biannually for the situations at end-June and end-December.
At the end of December 2017, Finnish households had taken out EUR 96.1 bn worth of housing loans from credit institutions operating in Finland. OP Financial Group (39.3%) accounted for the largest share of the housing loan stock, followed by Nordea (29.5%) and Danske Bank (11.4%).
The stock of loans taken out by Finnish non-financial corporations (excl. housing corporations) from credit institutions operating in Finland totalled EUR 51.0 bn at the end of 2017. OP Financial Group and Nordea accounted for the largest share of the corporate loan stock, 38.7% and 30.7% respectively. Danske Bank ranked third, with a share of 8.5%.
In December 2017, OP Financial Group, Nordea and Danske Bank also accounted for the largest share of the stock of deposits placed by Finnish non-MFIs (EUR 154.7 bn). The OP Financial Group held 37.0% of the deposits, while Nordea’s share of the stock was 26.0% and Danske Bank’s share was 14.3%.
Market shares of credit institutions operating in Finland, December 2017
| Loans granted to non-MFIs in Finland | Housing loans to households1 in Finland | Loans to non-financial corporations2 in Finland | Deposits placed by non-MFIs in Finland | |
| Stock EUR m (Market share) | Stock EUR m (Market share) | Stock EUR m (Market share) | Stock EUR m (Market share) | |
| Credit institutions, total | 224 895 (100 %) |
96 065 (100 %) |
51 005 (100 %) |
154 689 (100 %) |
| OP Financial Group | 79 914 (35,5 %) |
37 737 (39,3 %) |
19 736 (38,7 %) |
57 232 (37,0 %) |
| Nordea | 59 469 (26,4 %) |
28 353 (29,5 %) |
15 672 (30,7 %) |
40 261 (26,0 %) |
| Municipal Finance | 21 651 (9,6 %) |
279 (0,3 %) |
3 469 (6,8 %) |
0 (0,0 %) |
| Danske Bank | 21 476 (9,5 %) |
10 916 (11,4 %) |
4 311 (8,5 %) |
22 139 (14,3 %) |
| Handelsbanken | 12 823 (5,7 %) |
2 836 (3,0 %) |
3 951 (7,7 %) |
3 940 (2,5 %) |
| Savings Bank Group | 7 737 (3,4 %) |
4 890 (5,1 %) |
915 (1,8 %) |
6 106 (3,9 %) |
| Aktia Bank | 5 798 (2,6 %) |
3 966 (4,1 %) |
392 (0,8 %) |
4 108 (2,7 %) |
| S-Bank | 3 721 (1,7 %) |
2 064 (2,1 %) |
126 (0,2 %) |
5 002 (3,2 %) |
| POP Bank Group | 3 319 (1,5 %) |
1 885 (2,0 %) |
353 (0,7 %) |
3 522 (2,3 %) |
| Bank of Åland | 2 576 (1,1 %) |
1 409 (1,5 %) |
502 (1,0 %) |
2 135 (1,4 %) |
| Hypo Group | 2 205 (1,0 %) |
676 (0,7 %) |
87 (0,2 %) |
1 511 (1,0 %) |
| Oma Savings Bank | 2 136 (0,9 %) |
1 048 (1,1 %) |
405 (0,8 %) |
1 639 (1,1 %) |
| Other | 2 070 (0,9 %) |
6 (0,01 %) |
1 086 (2,1 %) |
7 094 (4,6 %) |
Source: Bank of Finland.
OP Financial Group: OP Corporate Bank plc, OP Card Company Plc, OP Mortgage Bank, OP Customer Services Ltd and banks in the Amalgamation of OP Financial Group cooperative banks.
Nordea: Nordea Bank AB (publ) Finnish Branch, Nordea Mortgage Bank Plc and Nordea Finance Finland Ltd.
Danske Bank: Danske Bank plc, Danske Bank A/S Finland Branch and Danske Mortgage Bank Plc.
Handelsbanken: Svenska Handelsbanken AB (publ) Branch Operation in Finland, Handelsbanken Finans Abp, Handelsbanken Finans Aktiebolag (publ) Branch Operation in Finland and Stadshypotek AB (publ) Branch Operation in Finland.
Savings Bank Group: Savings banks, Central Bank of Savings Banks Finland Plc and Sp Mortgage Bank Plc.
POP Bank Group: POP Banks and Bonum Bank.
Hypo Group: The Mortgage Society of Finland and deposit bank Suomen Asuntohypopankki Oy.
Other: credit institutions operating in Finland other than those specified above.
1 Households include non-profit institutions serving households.
2 Excl. loans to housing corporations.
Credit institutions' market shares.xlsx
For data on credit institutions’ market shares for 2009–2016, see Finance Finland.
The next release on credit institutions’ market shares will be published on 15 October 2018 at 10 am.
For further information, please contact:
Johanna Honkanen, tel. +358 9 183 2992, email: johanna.honkanen(at)bof.fi,
Olli Tuomikoski, tel. +358 9 183 2146, email: olli.tuomikoski(at)bof.fi,