Monthly news 26 February 2010
Loans
In January, households drew down new housing loans in the amount of EUR 1.0 billion, which was EUR 180 million less than in December 2009 and almost as much as in January 2009. The average interest rate on new housing loan drawdowns fell to 1.98% in January from 2.00% in December. The stock of MFI housing loans to households grew by EUR 0.2 billion on December, to EUR 72.1 billion at the end of January. Thus, the annual growth rate of the stock of housing loans rose to 6.6% from 6.4% in December. The average interest rate on the stock of housing loans declined by 0.06 percentage point from December, to 2.06% at the end of January.
In January, new corporate loan agreements were made to a total value of EUR 5.5 billion, which was EUR 1.4 billion less than in December and EUR 0.8 billion less than in January 2009. In January, the average interest rate on new corporate loan agreements fell by 0.1 percentage point to 2.19%. The stock of euro-denominated corporate loans grew by EUR 0.8 billion, to EUR 54.9 billion at the end of January. The average interest rate on the corporate loan stock decreased to 2.30%, from 2.34% in December.
Deposits
The stock of household deposits increased by EUR 0.4 billion on December, to EUR 74.4 billion at the end of January. The annual growth rate of the stock of household deposits was 0.3% in January. The average interest rate on the stock of household deposits fell from 0.80% in December to 0.79% in January.
For further information, please contact
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