Households’ new drawdowns of housing loans amounted to EUR 1.2 bn in January 2011, which was EUR 0.2 bn less than in December and EUR 0.2 bn more than a year ago in January. The average interest rate on new housing loan drawdowns remained unchanged at 2.17%. The stock of euro-denominated MFI housing loans to households expanded by EUR 0.1 bn on December, to EUR 76.9 bn at end-January. The annual growth rate of the stock of housing loans rose to 6.9%, from 6.8% in December. The average interest rate on the stock of housing loans rose by 0.01 percentage point from December, to 2.06% in January.
The stock of household deposits contracted by EUR 0.3 bn on December, to EUR 77.4 bn at end-January. The average interest rate on the stock of household deposits was 0.88%. In January, households made new deposits with agreed maturity in the amount of EUR 2.3 bn. The average interest rate on new deposits with agreed maturity increased by 0.10 percentage point to 1.86%.
1 Rate of change has been calculated from monthly differences in levels adjusted for classification and other revaluation changes. 2 Households also include non-profit institutions serving households; non-financial corporations also include housing corporations.
More information:Elina Salminen, tel. +358 10 831 2343, email: elina.salminen(at)bof.fi Kimmo Koskinen, tel. +358 10 831 2546, email: Kimmo.koskinen(at)bof.fi Olli Alanko, tel. +358 10 831 2456, email: olli.alanko(at)bof.fiHanna Häkkinen, tel. +358 10 831 2552, email: hanna.hakkinen(at)bof.fi
The next news release will be published at 1 pm on Thursday 31 March 2011.
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