Drawdowns of new loans to non-financial corporations (excl. housing corporations) during the three first quarters of 2013 amounted to over EUR 17 bn, which is clearly more (13%) than in the corresponding period in 2012. However, drawdowns of new corporate loans were clearly below the level of the peak in 2010. Large (over EUR 1 mn) corporate loans accounted for almost 80% of all drawdowns. The interest rate on large corporate loans has decreased, with the average rate on loans drawn down this year standing at 1.68%, compared to 2.13% a year ago. Large loans to non-financial corporations have been drawn down mostly by industrial corporations, which accounted for almost a quarter of the drawdowns. In contrast, the amount of small (less than EUR 250,000) and medium-sized (EUR 250,000–1 mn) loans drawn down by non-financial corporations was lower than in 2012. The average interest rate on small and middle-sized corporate loans has remained at the same level as a year ago.


Households’ new drawdowns of housing loans amounted to EUR 1.3 bn in September 2013, which is EUR 0.3 bn less than in September 2012.  The average interest rate on new housing-loan drawdowns was 2.06%, slightly down on August. At end-September the stock of euro-denominated housing loans was EUR 87.9 bn and the average interest rate on the stock was 1.46%. The annual growth rate of the housing loan stock moderated further, to 2.9%. At end-September household credit comprised EUR 13 bn in con-sumer credit and EUR 15 bn in other loans.

New drawdowns of loans to non-financial corporations (excl. overdrafts and credit card credit) amounted to EUR 2.1 bn in September, which is EUR 0.3 bn more than a year earlier.  The average interest rate on new corporate-loan drawdowns declined by 0.10 percentage point, to 2.10%. At end-September the stock of euro-denominated loans to non-financial corporations was EUR 65.8 bn, of which loans to housing corporations accounted for EUR 17.5 bn. The annual growth rate of the euro-denominated corporate loan stock picked up to 5.6% in September.


At end-September the stock of household deposits totalled EUR 81.6 bn. The average interest rate on the stock was 0.49%.  Overnight deposits accounted for EUR 50.6 bn and deposits with agreed maturity for EUR 16.7 bn of the total deposit stock.  In September households concluded EUR 1.2 bn of new agree-ments on deposits with agreed maturity.  The average interest rate on these was 1.08%. 

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 115,665 116,005 116,171 2.6 1.87
    - of which housing loans 87,522 87,776 87,941 2.9 1.46
Loans to non-financial corporations2, stock 64,868 65,412 65,839 5.6 1.93
Deposits by households2, stock  81,925 82,071 81,666


Households' new drawdowns of housing loans 1,296 1,311 1,331 2.06

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.

For further information, please contact:

Jaakko Suni, tel. +358 10 831 2454, email: jaakko.suni(at)bof.fi,
Essi Tamminen, tel. +358 10 831 2395, email: essi.tamminen(at)bof.fi.

The next news release will be published at 1 pm on 29 November 2013.

Related statistical data and graphs are also available on the Bank of Finland website:

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