New drawdowns of housing loans 2005-2009Loans

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%.

 In December, new corporate loan agreements were made in the amount of EUR 7.3 billion. The average interest rate on the new agreements rose by 0.23 percentage point to 2.48%. The stock of euro-denominated corporate loans decreased by EUR 0.5 billion, to EUR 56.5 billion at end-December. The annual growth rate of the corporate loan stock fell to 4.8% in December, from 5.4% in November. The average interest rate on the corporate loan stock increased by 0.04 percentage point from November, to 2.48%.




The stock of household deposits increased by EUR 1.7 billion in December. Household deposits totalled EUR 77.8 billion at the end of December, and the corresponding average interest rate was 0.86%. In December, households made new fixed-term deposits in the amount of EUR 2.1 billion. The average interest rate on new fixed-term deposits fell by 0.01 percentage point to 1.77%.
In 2010, households' long-term savings agreements totalled 9,811, and at the end of December, their long-term savings accounts amounted to EUR 9.9 million. The majority of the savings are invested in shares and fund shares.


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

EUR million
EUR million

EUR million
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.

More information:
Elina Salminen, tel. +358 10 831 2343, email: elina.salminen(at)
Kimmo Koskinen, tel. +358 10 831 2546, email: Kimmo.koskinen(at)
Olli Alanko, tel. +358 10 831 2456, email: olli.alanko(at)

The next news release will be published at 1 pm on Monday 31 January 2011.

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