Statistics

At the end of June 2021, Finnish households had taken out EUR 105.5 bn worth of housing loans from credit institutions operating in Finland. OP Financial Group (38.6%) accounted for the largest share of the housing loan stock, followed by Nordea (29.4%) and Danske Bank (10.1%).

The stock of loans taken out by Finnish non-financial corporations from credit institutions operating in Finland totalled EUR 58.7 bn at the end of June 2021. OP Financial Group and Nordea accounted for the largest share of the corporate loan stock, 38.9% and 31.3% respectively. Danske Bank ranked third, with a share of 10.0%.

At the end of June 2021, the total stock of Finnish households’ consumer credit stood at EUR 23.6 billion. Consumer credit granted by OFIs accounted for 19% of the total stock of household credit. The largest proportion (70%) of households’ consumer credit was granted by credit institutions operating in Finland.

At the end of April 2021, the stock of uncollateralised consumer credit (excl. overdrafts and credit card credit) granted by credit institutions totalled EUR 6.6 bn. Of the total, uncollateralised vehicle loans accounted for EUR 2.4 bn. The average interest rate on the stock of uncollateralised consumer credit was 5.35% in April. The average interest rate on uncollateralised vehicle loans stood at 2.92% and on other at 6.70%.

The stock of loans granted by banks to non-financial corporations has contracted by EUR 1.7 bn from the peak at end-May 2020 (EUR 60.8 bn) to EUR 59.1 bn at the end of March 2021. Nevertheless, in March the corporate loan stock still grew by 1.8% on the same month last year. During the COVID-19 pandemic, the corporate loan stock has grown at the fastest pace (14%) in May 2020. Since then, the annual growth rate has slowed significantly.