Households’ new drawdowns of housing loans amounted to EUR 1.4 billion in December 2010, which was EUR 0.2 billion less than in November and EUR 0.2 billion more than a year ago in December. The average interest rate on new housing loan drawdowns in December fell by 0.05 percentage point to 2.17%. The stock of euro-denominated MFI housing loans to households grew by EUR 0.3 billion, to EUR 76.7 billion at the end of December. Thus, the annual growth rate of the stock of housing loans remained unchanged at 6.8%. The average interest rate on the stock of housing loans increased by 0.02 percentage point to 2.05%.
MFIs comprise all monetary financial institutions operating in Finland.
Loans and deposits comprise all euro-denominated loans and deposits vis-à-vis the euro area as a whole, with countries other than Finland accounting for a very small share of total volumes.
Key figures of Finnish MFIs' loans and deposits, preliminary data
12-month change1, %
Average interest rate, %
|Loans to households2, stock||103.335||103.943||104.273||6.2||2.45|
|- of which housing loans||76.070||76.436||76.747||6.8||2.05|
|Loans to non-financial corporations2, stock||56.952||57.014||56.471||4.8||2.48|
|Deposits by households2, stock||76.782||76.048||77.764||5.2||0.86|
|Households' new drawdowns of housing loans||1.714||1.679||1.433||–||2.17|
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.
- Euro-denominated deposits and loans of euro area residents: stock, 12 month rate of change and average interest rate
- Euro-denominated loans and deposits of Finnish households
- New business on loans and new drawdowns of household loans
- Finnish contribution to the euro area monetary aggregates and their main counterparts
- Analytical accounts of the banking sector (MFIs) in Finland
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.fi
The next news release will be published at 1 pm on Monday 31 January 2011.