These statistics have been discontinued.

No new data will be produced from these statistics.

Published: 17 June 2015

Outstanding credit stood at EUR 94 billion at the end of March 2015

Outstanding credits granted by other Finnish financial and insurance corporations and general government amounted to EUR 94 billion at the end of March 2015. Finnish companies granted a total of close on EUR two billion in new credits during the quarter. In outstanding credit, the total stock of lending in euros and other currencies amounted to EUR 28 billion, bonds at nominal prices to EUR 61 billion, and money market instruments to nearly EUR five billion. This is indicated by Statistics Finland’s statistics on outstanding credit.

Lending by financial asset gategory at the end of the 1st guarter of 2015, per cent

Lending by financial asset gategory at the end of the 1st guarter of 2015, per cent
Lender sector: Other financial and insurance corporations and general government

Among lenders, other financial corporations granted EUR four billion in credits to business activities

Credits granted by other Finnish financial corporations, excluding insurance corporations and general government, to businesses, non-financial corporations and households of own-account workers amounted to EUR four billion, of which the largest share, 24 per cent, was directed to manufacturing.

Households' outstanding credit remained at EUR two billion

The credit stock granted by other Finnish financial corporations (including microloan companies and pawn brokers, excl. insurance corporations and general government) also stood at EUR two billion at the end of March, of which the share of consumption credits remained at 95 per cent as well.

During the quarter, 135,804 new small loans were granted

During the first quarter of 2015, a total of 135,804 new small loans, or so-called quick loans, were granted to households, amounting to nearly EUR 26 million. During the quarter, 41 per cent fewer new euro-denominated loans were granted than in the corresponding quarter last year, and nearly 36 per cent fewer than in the previous quarter. The average quick loan in the first quarter of the year amounted to EUR 191 and the average repayment period was 93 days.

In total, borrowers of small loans paid close on EUR four million in different types of costs on small loans taken out in January to March. This was almost 34 per cent less than in the year before. The costs directed at small loans were 15 per cent of the granted new loans during the quarter. In the first quarter of 2015, the statistics included 45 small loan companies.

The changes in the small loans are the result of a legislation amendment that came into force on 1 June 2013 based on which a 51 per cent interest rate ceiling was placed on small loans. As a result of this, some small loan companies closed down their operation and some renewed their services more towards so-called flexible credits.


Source: Outstanding credit, Statistics Finland

Inquiries: Kerttu Helin 029 551 3330, Jan Klavus 029 551 3391, luottokanta.rahoitus@stat.fi

Director in charge: Mari Ylä-Jarkko

Publication in pdf-format (258.5 kB)

Tables

Tables in databases

Appendix tables

Figures

Updated 17.6.2015

Referencing instructions:

Official Statistics of Finland (OSF): Outstanding credit [e-publication].
ISSN=2342-2661. 1st quarter 2015. Helsinki: Statistics Finland [referred: 27.5.2019].
Access method: http://www.stat.fi/til/lkan/2015/01/lkan_2015_01_2015-06-17_tie_001_en.html