In August 2022, there was a large volume (EUR 3.3 bn) of new loans drawn to non-financial corporations[1] from credit institutions operating in Finland. The average interest rate on new drawdowns decreased from June, to stand at 1.59% in August, due to the decline of interest rates on large loans, that is, over a million euro. The volume of large loans drawn down in August was EUR 2.9 bn, accounting for 87% of all corporate loan drawdowns. The average interest rate on new large loans was 1.26% in August. The companies that took out new loans in August mainly operated in the manufacturing sectors.

The volume of corporate drawdowns in the last 12 months is exceptionally high (EUR 28 bn). The growth of new drawndowns was driven in particular by the funding need of energy and manufacturing companies. The moving 12-month sum grew by a total of EUR 12.9 bn from a year ago, energy companies accounting for EUR 5.3 bn and manufacturing companies for for EUR 5.1 bn.

At the end August 2022, the stock of loans granted by banks operating in Finland to non-financial corporations[2] amounted to EUR 64.5 bn. The corporate loan stock grew by EUR 1.8 bn in August 2022. Growth from a year ago amounted to EUR 7.2 bn, and the year-on-year growth rate was 13.2%.  At the same time, non-performing loans as a share of the loan stock decreased. In August 2022, non-performing loans amounted to 1.6% of the loan stock, in contrast to 2.4% a year earlier.





New drawdowns of housing loans by Finnish households amounted to EUR 1.5 bn in August 2022, which is EUR 288 mn less than in the same period a year earlier. 8.6% of the new housing loans were housing loans for investment property. At the end of August 2022, the stock of housing loans totalled EUR 107.9 bn, and the year-on-year growth rate was 2.3%. Investment properties accounted for 8.2% of the housing loan stock.  At the end of August, Finnish households’ loan stock also included EUR 17.0 bn of consumer credit and EUR 18.2 bn of other loans.

Housing corporations drew down EUR 449 mn of new loans in August. The average interest rate on new loan drawdowns by housing corporations in August was 1.98%. At the end of August, the stock of loans granted to housing corporations stood at EUR 41.3 bn.



At the end of August 2022, the total stock of Finnish households’ deposits was EUR 113.1 bn, and the average interest rate on these deposits was 0.03%. Overnight deposits accounted for EUR 104.1 bn and deposits with agreed maturity for EUR 2.1 bn of the total deposit stock. In August, Finnish households made new deposit agreements with an agreed maturity in the amount of EUR 70 mn. The average interest rate on these new term deposits was 1.14%.


Loans and deposits to Finland, preliminary data
  June, EUR million July, EUR million August, EUR million August, 12-month change1, % Average interest rate, %
Loans to households, stock 143,011 143,502 143,246 2,4 1,64
    - of which housing loans 107,907 108,301 107,916 2,3 1,11
    - of which buy-to-let mortgages 8,797 8,803 8,804   1,21
Loans to non-financial corporations2, stock  102,919 103,734 105,752 10,8 1,42
Deposits by households, stock 113,036 113,966 113,118 4,5 0,03
Households' new drawdowns of housing loans 1,927 1,370 1,474   1,95
    - of which buy-to-let mortgages 139 110 127   2,18

* Includes loans and deposits in all currencies to residents in Finland. The statistical releases of the Bank of Finland up to January 2021, as well as those of the ECB, present loans and deposits in euro to euro area residents and also include non-profit institutions serving households. For these reasons, the figures in this table differ from those in the aforementioned releases.
1 Rate of change has been calculated from monthly differences in levels adjusted for classification and other revaluation changes.  
2 Non-financial corporations also include housing corporations.



For further information, please contact:

Ville Tolkki, tel. +358 9 183 2420, email: ville.tolkki(at),

Markus Aaltonen, tel. +358 9 183 2395, email: markus.aaltonen(at)


The next news release on money and banking statistics will be published at 10:00 on 31 October 2022.


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


[1] Excl. housing corporations.

[2] Excl. housing corporations.