The Bank of Finland reported that Finnish non-financial corporations drew down EUR 1.0 billion in new loans from other financial institutions in the second quarter of 2026, 29% less than a year earlier. By contrast, new bank lending reached almost EUR 8 billion, up 13%, with slightly more than half drawn down in June. At the end of June, the stock of corporate loans from other financial institutions was EUR 5.0 billion, down 5.6% annually, while the corresponding bank loan stock rose 3.3% to EUR 64.3 billion. Average rates on both stocks increased from a year earlier, reaching 4.50% for other financial institutions and 3.75% for banks. Other financial institutions directed 63% of new corporate loans to small and medium-sized enterprises between January 2025 and June 2026, and finance leasing accounted for almost 70% of their corporate loan stock.
2026-09-02Bank of Finland
Bank of Finland reports 29% fall in new corporate lending by other financial institutions as bank lending rises
Finnish non-financial corporations drew down EUR 1.0 billion from other financial institutions in the second quarter of 2026, down 29% annually, while bank drawdowns rose 13% to almost EUR 8 billion. Other financial institutions’ corporate loan stock contracted 5.6%, while banks’ stock grew 3.3%, and average rates increased for both lender groups.