Home > Statistics > Financial activities > 2013 > 2nd quarter > Other financial corporations' stock of lending was EUR 7 billion at the end of June 2013

Published: 13 September 2013

Other financial corporations' stock of lending was EUR 7 billion at the end of June 2013

The stock of lending by other Finnish financial corporations amounted to EUR seven billion at the end of the second quarter of 2013. The stock of lending grew by 16 per cent from one year ago and growth from the previous quarter was almost four per cent. This is indicated by Statistics Finland’s statistics on the outstanding credit.

Other financial corporations' lending by borrower sector at the end of the 2nd quarter of 2013, R%

Business credits totalled EUR 3 billion

Outstanding credits granted by other Finnish financial corporations to businesses, i.e. loans to non-financial corporations and households of own-account workers amounted to EUR three billion at the end of June 2013, where the share of lending was nearly 96 per cent. Credit granting to businesses grew by a total of almost eight per cent from the corresponding quarter of the year before, and the stock of lending grew by five per cent.

Households' outstanding credit nearly EUR 2 billion of all lending

Credit granted by other financial corporations to households amounted to nearly EUR two billion at the end of June, which was eight per cent less than at the end of the corresponding quarter last year. Compared to the previous quarter, households' outstanding credit was almost nine per cent lower.

The share of households in other financial corporations' total lending was nearly 22 per cent, the share of nonfinancial corporations and housing corporations was 45 per cent, that of the rest of the world was 29 per cent and that of other borrower sectors was nearly four per cent.

EUR 105 million were granted in small loans

During the second quarter of 2013, EUR 105 million in small loans, or so-called quick loans, were granted to households (altogether 284,240 loans). Measured in euros, 11 per cent more new loans were granted during the quarter than in the corresponding quarter last year and nine per cent more than in the previous quarter. The average quick loan in the second quarter of the year amounted to EUR 368 and the average repayment period was 40.1 days.

In total, borrowers of small loans paid EUR 20 million in different types of costs on small loans taken out in April to June. Thus, the costs directed at small loans were nearly 19 per cent of the granted loan capital. In the second quarter of 2013, there were 79 registered small loan companies.

Source: Financial activities, Credit stock of other financial intermediaries, 2st quarter 2013, Statistics Finland

Inquiries: Kerttu Helin 09 1734 3330, Kristiina Nieminen 09 1734 2957, rahoitusmarkkinat@stat.fi

Director in charge: Leena Storgårds

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Appendix tables

• Appendix table 1. Outstanding credit of other financial institutions by financial asset in 2011-2013, EUR million (13.9.2013)
• Appendix table 2. Credit granted by other financial corporations to households by purpose of use in 2011-2013, EUR million (13.9.2013)
• Appendix table 3. Key figures of small loan companies in 2011-2013 (13.9.2013)

Figures

• Appendix figure 1. Other financial intermediaries' lending by borrower sector at the end of the 2st quarter in 2013, R% (13.9.2013)
• Appendix figure 2. Business loans of other financial intermediaries, R% (13.9.2013)
• Appendix figure 3. New credits and credit stock of small loan companies in 2008 to 2013 (13.9.2013)

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Updated 13.9.2013