Monthly news 31 May 2010
In April, households' new drawdowns of housing loans amounted to EUR 1.5 billion, which is almost as much as in March this year and EUR 78 million more than a year ago in April. The average interest rate on new housing-loan drawdowns fell to 1.88% in April from 1.90% in March. The stock of MFI housing loans to households grew by EUR 0.4 billion on March, to EUR 73.0 billion at end-April. The annual growth rate of the housing loan stock slowed to 6.5%, from 6.6% in March. The average interest rate on the stock of housing loans declined by 0.02 percentage point on March, to 1.94% at end-April. New corporate loan agreements were made in April to a total value of EUR 7.0 billion, which is EUR 0.3 billion more than in March but EUR 65 million less than a year ago in April. The average interest rate on new corporate loan agreements fell to 1.95%, from 2.15% in March. The stock of euro-denominated corporate loans increased by EUR 0.4 billion, to EUR 55.7 billion at end-April. At year-on-year level, the corporate loan stock contracted by 2.2% in April, compared to a fall of 2.5% in March. The average interest rate on the corporate loan stock was 2.24% at end-April and thus maintained the level observed at end-March.
The stock of household deposits increased by EUR 0.5 billion on March, to EUR 75.0 billion at end-April. Households made EUR 2.1 billion worth of new fixed-term deposit agreements. The average interest rate on new fixed-term deposits was 1.61%. The average interest rate on the stock of household deposits was 0.80% at end-April. 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 The next news release will be published at 1 pm on 30 June 2010. The statistical data, charts and tables on which this press release is based can be found on the Bank of Finland website at http://www.bof.fi/en/tilastot/tase_ja_korko/index.htm.