The Bank of Finland published second-quarter 2025 statistics on lending by other financial institutions (OFIs) to Finnish households, showing that average interest rates on new unsecured consumer credit and vehicle loans declined from a year earlier while households’ total consumer credit stock reached EUR 28.2 billion. Unsecured consumer credit drawdowns from OFIs totalled EUR 67 million in 2025Q2, up 40% year on year, with the annualised agreed interest rate on new drawdowns at 8.03% and the effective annual rate at 12.52% (down from 8.71% and 13.50% a year earlier). At end-June 2025, consumer credit granted by OFIs stood at EUR 472 million, with an average interest rate on the stock of 13.1% (one percentage point lower year on year), and unsecured consumer credit from OFIs represented 3% of households’ total unsecured consumer credit. Vehicle loans outstanding totalled EUR 9.7 billion at end-June 2025 (about 34% of consumer credit), including EUR 4.8 billion attributed to OFIs and EUR 4.9 billion to banks; the annualised agreed interest rate on new vehicle loan drawdowns was 4.35% for OFIs and 4.28% for banks, and the effective annual rate was 6.85% for OFIs versus 6.99% for banks (down from 7.76% and 8.10% a year earlier). The release also noted that the consumer credit stock excludes credit on debt collection agencies’ balance sheets and, based on Positive Credit Register calculations, debt collection agencies held over EUR 1.7 billion of credit to consumers at end-June 2025, with interpretative limitations flagged for the new data. Separately, the OFI lending dashboard was expanded to add corporate loans by instrument, show non-performing loan shares and effective annual rates of new consumer loan drawdowns, and improve data presentation; the Bank of Finland also listed Aurajoki Nordic Oy, Anyfin AB filial i Finland and GF Money Oy as intentionally dropping out of OFI statistics for 2025Q2. The next news release on other financial institutions is scheduled for 4 December 2025.
Bank of Finland 2025-09-04
Bank of Finland reports lower interest rates on OFI consumer credit and expands its OFI lending dashboard
The Bank of Finland's Q2 2025 statistics show a decline in average interest rates for new unsecured consumer credit and vehicle loans. Unsecured consumer credit drawdowns from OFIs rose 40% year on year, with an annualised interest rate of 8.03% and an effective rate of 12.52%. The OFI lending dashboard now includes corporate loans by instrument and non-performing loan shares, excluding Aurajoki Nordic Oy, Anyfin AB filial i Finland, and GF Money Oy from the 2025Q2 statistics.