High volume of corporate loans drawn down from banks in October

Reflecting the high drawdown volume, the stock of corporate loans granted by banks grew by EUR 290 million from September to EUR 62.4 billion at the end of October. Despite the monthly increase, the corporate loan stock was still down -0.4% year-on-year. The year-on-year growth rate of the corporate loan stock has remained consistently negative since June 2024. Out of the corporate loan stock,^[4] loans granted to large non-financial corporations accounted for 51% and those to small and medium-sized enterprises (SMEs^[5]) for 49%.

In October, the average interest rate on new corporate loans was 3.57%, as opposed to 4.94% in the same period a year earlier. In October, average interest rates fell the most for large loans exceeding €1 million. In Finland, changes in Euribor rates affect the interest paid on corporate loans. At the end of October, 84% of the corporate loan stock was Euribor-linked. The average margin on the corporate loan stock was 1.28%^[6]. The average margin on loans to large corporations was 1.06%, compared to 1.51% for SMEs. Changes in average loan margins on the loan stocks have been minor over the past year.

Impairments and credit losses recorded on corporate bank loans have remained moderate relative to the loan stock. In January–October 2025, they totalled EUR 142 million, a decline of 8% on the corresponding period of the previous year. The stock of non-performing corporate loans^[7] has risen only slightly over the past year, and stood at 1.9% of the loan stock in October 2025 Most of the non-performing corporate loans are SME loans.

Loans

Finnish households drew down EUR 1.4 billion of new housing loans in October 2025, which was 1% less than a year earlier. Of the newly drawn housing loans, buy-to-let mortgages accounted for EUR 132 million. In October, the average interest rate on new housing loans (2.82%) remained unchanged from September. At the end of October 2025, the stock of housing loans stood at EUR 105.8 billion, with an annual growth rate of −0.04%. Buy-to-let mortgages constituted EUR 9.0 billion of the housing loan stock. At the end of October, Finnish households’ loans comprised EUR 17.5 billion of consumer credit and EUR 17.8 billion of other loans.

Drawdowns of new loans by Finnish non-financial corporations in October 2025 totalled EUR 3.0 billion, including EUR 527 million of loans to housing corporations. The average interest rate on new corporate-loan drawdowns declined from September to 3.47% in October. At the end of October, the stock of loans granted to Finnish non-financial corporations totalled EUR 108.4 billion, with loans to housing corporations accounting for EUR 45.9 billion.

Deposits

At the end of October 2025, the total stock of Finnish households’ deposits was EUR 115.2 billion, with an average interest rate of 0.80%. Overnight deposits accounted for EUR 70.2 billion and deposits with an agreed maturity for EUR 15.6 billion of the total deposit stock. In October, Finnish households made new deposit agreements with an agreed maturity in the amount of EUR 1.1 billion. The average interest rate on these deposits was 2.16%.

Further information

• Markus Aaltonen, tel. +358 9 183 2395, email: markus.aaltonen(at)bof.fi,
• Olli Tuomikoski, tel. +358 9 183 2925, email: olli.tuomikoski(at)bof.fi.

The next news release on money and banking statistics will be published at 10:00 on 07 January 2026.

Related statistical data and graphs are also available on the Bank of Finland website: https://www.suomenpankki.fi/en/statistics.

[1] Non-financial corporations, excluding housing corporations.

[2] Excl. overdrafts, card credit and non-recourse factoring.

[3] 38% of all drawdowns.

[4] As at end of September 2025.

[5] https://stat.fi/meta/kas/pk_yritys_en.html.

[6] As at end of September 2025.

[7] A loan is defined non-performing when it is more than 90 days past due or there is evidence indicating the customer's inability to perform on its obligations.