Corporate loan drawdowns drop in Finland in Jan-April

Finnish non-financial corporations drew down a smaller volume of loans in January–April 2026 than in the same period in 2025, said the Bank of Finland.

However, in April 2026 non-financial corporations drew down more loans than in the corresponding period a year earlier.

The average interest rate on new corporate loans rose slightly from a year earlier in April.

New corporate loans were drawn down at an average interest rate of 4.07% in April. The corporate loan stock stood at EUR 63.5 billion in April 2026.

In April 2026, non-financial corporations1 drew down new loans worth EUR 1.9 billion from banks operating in Finland, which was 4% more than in the corresponding period a year earlier.

However, taking the year to date as a whole (January–April 2026), corporate loan drawdowns decreased. Non-financial corporations drew down a total of EUR 6.2 billion in new loans in early 2026, which was 18.0% less than in the corresponding period in 2025.

The average interest rate on new corporate loans rose slightly in April 2026 from a year earlier. The average interest rate on new corporate loans drawn down in April was 4.07%, compared with 4.03% a year earlier. In April, 76% of new corporate loans were linked to Euribor.

The stock of corporate loans granted by banks grew by EUR 470 million from March and stood at EUR 63.5 billion at the end of April.

Although the volume of corporate loan drawdowns has decreased so far this year, the annual growth rate of the corporate loan stock was still 3.5%. The corporate loan stock has grown since November 2025.

Significantly more loan losses were recognised on corporate loans in the first quarter of 2026 than a year earlier.

Loan losses totalled EUR 160 million, which was EUR 55 million more than in the corresponding period a year earlier.

Impairments on loans, by contrast, decreased slightly and amounted to EUR 740 million. The volume of non-performing corporate loans2 grew by 3.7% from a year earlier and totalled EUR 2.0 billion at the end of the first quarter.3

In April 2026, new drawdowns of housing loans by Finnish households amounted to EUR 1.2 billion, which is EUR 90 million less than in the same period a year earlier.

Of the newly drawn housing loans, buy-to-let mortgages accounted for EUR 110 million.

The average interest rate on new housing loans rose from March, standing at 3.12% in April.

At the end of April 2026, the housing loan stock totalled EUR 105.4 billion, and its year-on-year growth amounted to minus 0.1%.

Buy-to-let mortgages accounted for EUR 9.2 billion of the housing loan stock. At the end of April, Finnish households’ loans comprised EUR 17.4 billion of consumer credit and EUR 17.7 billion of other loans.

Finnish non-financial corporations and housing corporations drew down new loans worth EUR 2.5 billion in April, with loans to housing corporations accounting for EUR 550 million.

The average interest rate on new corporate and housing corporation loan drawdowns fell from March, standing at 3.83%.

At the end of April, the stock of loans granted to Finnish non-financial corporations and housing corporations totalled EUR 109.7 billion, of which loans to housing corporations accounted for EUR 46.3 billion.

Meanwhile, at the end of April 2026, the aggregate stock of Finnish households’ deposits totalled EUR 117.2 billion, with an average interest rate of 0.81%.

Overnight deposits accounted for EUR 71.3 billion and deposits with an agreed maturity for EUR 16.5 billion of the total deposit stock.

In April, Finnish households concluded new agreements on deposits with an agreed maturity worth EUR 1,330 million. The average interest rate on new agreements on deposits with an agreed maturity was 2.43% in April.