New drawdowns of housing loans 2005-2009Loans

Households’ new drawdowns of housing loans amounted to EUR 1.6 bn in March 2011, which was EUR 0.3 bn more than in February and EUR 0.2 bn more than in March 2010. The average interest rate on new housing-loan drawdowns rose by 0.14 percentage point to 2.40%. The stock of euro-denominated MFI housing loans to households grew by EUR 0.4 bn on February, to EUR 77.5 bn at end-March. The annual growth rate of the stock of housing loans decreased to 6.8% in March, from 6.9% in February. The average interest rate on the housing loan stock increased by 0.05 percentage point on February, to 2.14% in March.

New loan agreements made with non-financial corporations in March totalled EUR 6.4 bn, which was EUR 0.5 bn more than in February. The average interest rate on new loan agreements was 2.52%. The stock of euro-denominated loans to non-financial corporations was unchanged at EUR 57.5 bn. However, the annual growth rate of the stock decreased to 4.3%, from 4.5% in February. The average interest rate on the stock of loans to non-financial corporations increased by 0.04 percentage point to 2.53%.



The stock of household deposits grew by EUR 0.8 bn on February, to EUR 78.1 bn at end-March. The average interest rate on the stock of household deposits was 0.91%. The average interest rate on new deposits with an agreed maturity rose by 0.06 percentage point to 1.97%.

In January-March 2011, households concluded 2,300 new long-term savings contracts. The total number of long-term savings contracts was 12,027 at end-March, and the total amount of deposited funds was EUR 14.6 mn.


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 104.383 104.625 104.937 6.0 2.53
    - of which housing loans 76.885 77.159 77.529 6.8 2.14
Loans to non-financial corporations2, stock 57.112 57.482 57.476 4.3 2.53
Deposits by households2, stock 77.447 77.360 78.149 5.1 0.91
Households' new drawdowns of housing loans 1.204 1.375 1.637 2.40

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:
Kimmo Koskinen, tel. +358 10 831 2546, email: kimmo.koskinen(at)
Olli Alanko, tel. +358 10 831 2456, email: olli.alanko(at)
Hanna Häkkinen, tel. 358 10 831 2552, email: hanna.hakkinen(at)

The next news release will be published at 1 pm on Tuesday 31 May 2011.

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