Monthly news 29 January 2010
Loans
In December, households drew down new housing loans in the amount of EUR 1.2 billion, which was EUR 170 million less than in November but EUR 170 million more than in December 2008. The average interest rate on new housing loan drawdowns fell to 2.00% in December from 2.03% in November. The stock of MFI housing loans to households grew by EUR 0.3 billion on November, to EUR 71.9 billion at the end of December. Thus, the annual growth rate of the stock of housing loans rose to 6.4%. The average interest rate on the stock of housing loans fell by 0.05 percentage point from November, to 2.12% at the end of December.
In December, new corporate loan agreements were made to a total value of EUR 6.8 billion, which was EUR 1.7 billion more than in November but EUR 0.6 billion less than in December 2008. From November to December, the average interest rate on new corporate loan agreements fell by 0.05 percentage point to 2.30%. The stock of euro-denominated corporate loans decreased by EUR 0.1 billion from November, to EUR 54.1 billion at the end of December. The average interest rate on the corporate loan stock fell to 2.34% in December, from 2.37% in November.
Deposits
The stock of household deposits increased by EUR 1.7 billion on November, to EUR 74.0 billion at the end of December. The total stock of household deposits grew by EUR 0.3 billion in 2009, and the annual growth rate of the stock of household deposits was 0.5% in December. The average interest rate on the stock of household deposits fell from 0.83% in November to 0.80 in December.
More information
Elina Salminen, tel. +358 10 831 2343, email: elina.salminen(at)bof.fi.
Olli Alanko, tel. +358 10 831 2456, email: olli.alanko(at)bof.fi
Information will be updated on 26 Feruary 2010 at 1 PM.
The statistical data and graphics forming the basis of the press release are also available on the Bank of Finland’s website at http://www.bof.fi/en/tilastot/tase_ja_korko/index.htm