A more recent publication of this set of statistics is available.

Latest publication: Financial accounts 2021, 2nd quarter

Published: 25 September 2020

Households’ net financial assets increased strongly in the second quarter of 2020

Households’ financial assets grew by EUR 17.0 billion during the second quarter of 2020 amounting to EUR 334.7 billion. In turn, households’ debts increased by EUR 2.6 billion during the second quarter of 2020 rising to EUR 186.5 billion. As a result of these changes, households' net financial assets increased by EUR 14.4 billion and the level of net financial assets was EUR 148.2 billion. Net financial assets refer to the difference between financial assets and liabilities. These data derive from Statistics Finland’s financial accounts statistics.

Change from the previous quarter in households’ net financial assets

 Change from the previous quarter in households’ net financial assets

Holding gains boosted households’ financial assets

During the second quarter of 2020, households increased their net investments in financial assets by EUR 6.1 billion. Households' net investments increased in deposits, quoted shares and mutual funds and decreased in debt securities. Even though households' net investments in financial assets increased, holding gains, in particular, helped raise the total level of financial assets.

Households’ indebtedness ratio increased

Households’ loan debts increased by EUR 1.1 billion during the second quarter of 2020 rising to EUR 159.4 billion. Households' indebtedness ratio rose by 1.5 percentage points from the previous quarter to 130.5 per cent. Households' indebtedness ratio is calculated as the ratio of their loan debts at the end of a quarter to their total disposable income during the preceding four quarters.

Non-financial corporations’ debt financing grew

Non-financial corporations’ debt financing increased by EUR 2.7 billion during the second quarter of 2020 rising to EUR 269.8 billion. Non-financial corporations’ financing in the form of debt securities increased by EUR 1.8 billion during the second quarter of 2020 to EUR 34.8 billion. Non-financial corporations’ loan debts went up by EUR 0.9 billion increasing to EUR 235.0 billion. Debt financing refers to the total of loan debts and financing in the form of debt securities.


Source: Financial accounts, Statistics Finland

Inquiries: Jose Lahtinen 029 551 3776, Niklas Elfving 029 551 3411, rahoitus.tilinpito@stat.fi

Head of Department in charge: Mari Ylä-Jarkko

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Updated 25.9.2020

Referencing instructions:

Official Statistics of Finland (OSF): Financial accounts [e-publication].
ISSN=1458-8145. 2nd quarter 2020. Helsinki: Statistics Finland [referred: 17.10.2021].
Access method: http://www.stat.fi/til/rtp/2020/02/rtp_2020_02_2020-09-25_tie_001_en.html