New drawdowns of investment property loans decreased more than those of owner-occupied housing loans

In April 2022, households’ drawdowns of new loans for investment purposes (buy-to-let mortgages) totalled EUR 128 bn, a decline of 26% from April last year. These drawdowns also declined in March, by one quarter from March a year earlier. Drawdowns of owner-occupied residential mortgages totalled EUR 1.6 bn in April, down 10% from April 2021.
The interest rates on new housing loans rose further in April 2022; the interest on investment property loans to 1.07% and the interest on owner-occupied residential mortgages to 0.92%. In April, the most common reference rate for housing loans – the 12-month Euribor – turned positive for the first time in many years. It was used in April in 90% of new investment property loans and in 87% of new owner-occupied housing loans.
As a result of the lower amount of drawdowns, the annual growth rate of the stock of household’s investment property loans (EUR 8.8 bn) moderated by 0.5 percentage point from March, to 7.3% in April 2022. The growth rate was still considerably faster than that of the stock of owner-occupied housing loans. The growth rate (3.1%) of the stock of owner-occupied housing loans (EUR 98.7 bn) also moderated in April, but not to the same extent.
Investment property loans are typically smaller and have a longer repayment period than owner-occupied residential mortgages. In April, the average maturity of investment property loans was 18 years 6 months, as compared to 21 years 10 months for owner-occupied housing loans. In April, loans with long repayment periods, i.e. maturities of over 30 years, accounted for a record high share (12%) of new housing loans. Almost all of these loans were owner-occupied residential mortgages.
Loans
At the end of April 2022, out of all loans to Finnish households, consumer credit accounted for EUR 16.8 bn and other loans for EUR 18.2 bn.
Drawdowns of new loans[1] by Finnish non-financial corporations in April 2022 totalled EUR 2.0 bn, of which EUR 410 million were loans to housing corporations. The average interest rate on new corporate loan drawdowns rose from March, to 1.8%. At the end of April, the stock of loans to Finnish non-financial corporations stood at EUR 100.5 bn, of which loans to housing corporations accounted for EUR 40.4 bn.
Deposits
At the end of April 2022, the stock of Finnish households’ deposits stood at EUR 112.4 bn, and the average interest rate on the deposits was 0.03%. Overnight deposits accounted for EUR 103.4 bn and deposits with agreed maturity for EUR 2.1 bn of the deposit stock. In April, households concluded EUR 40 million of new agreements on deposits with agreed maturity, at an average interest rate of 0.36%.
For further information, please contact:
Markus Aaltonen, tel. +358 9 183 2395, email: markus.aaltonen(at)bof.fi
Ville Tolkki, tel. +358 9 183 2420, email: ville.tolkki(at)bof.fi.
The next news release on money and banking statistics will be published at 10 a.m. on 1 July 2022.
Related statistical data and graphs are also available on the Bank of Finland website at https://www.suomenpankki.fi/en/Statistics/mfi-balance-sheet/.
[1] Excl. overdrafts and credit card credit.
Images
Links
About Suomen Pankki
The Bank of Finland is the national monetary authority and central bank of Finland. At the same time, it is also a part of the Eurosystem, which is responsible for monetary policy and other central bank tasks in the euro area and administers use of the world’s second largest currency – the euro.
Subscribe to releases from Suomen Pankki
Subscribe to all the latest releases from Suomen Pankki by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Suomen Pankki
Marja Nykänen utnämnd till medordförande i Finansiella stabilitetsrådets regionala konsultativa grupp för Europa1.7.2025 17:00:00 EEST | Pressmeddelande
Utnämningen stärker Finlands aktiva roll som främjare av global finansiell stabilitet.
Marja Nykänen nimitetty kansainvälisen rahoitusvakausneuvoston Euroopan alueellisen ryhmän toiseksi puheenjohtajaksi1.7.2025 17:00:00 EEST | Tiedote
Nimitys vahvistaa Suomen aktiivista roolia kansainvälisen rahoitusvakauden edistäjänä.
Marja Nykänen appointed as Co-Chair of Financial Stability Board’s Regional Consultative Group for Europe1.7.2025 17:00:00 EEST | Press release
This appointment reinforces Finland’s active role in fostering international financial stability.
Hushållen har mycket konsumtionskrediter – tillväxttakten har mattats av1.7.2025 10:00:00 EEST | Pressmeddelande
I maj 2025 uppgick det utestående beloppet av konsumtionskrediter som banker med verksamhet i Finland beviljat hushåll till 17,6 miljarder euro och utlåningen minskade med −0,7 % från året innan. Minskningen i det utestående beloppet av konsumtionskrediter är en följd av att utnyttjandet av konto- och kortkrediter och utbetalningarna av konsumtionskrediter utan säkerhet har minskat. Konsumtionskrediter beviljade av banker står för 63 % av hushållens totala utestående konsumtionskrediter. I maj 2025 minskade hushållens utestående kortkrediter[1] (3,6 miljarder euro) med −1,0[2] jämfört med ett år tidigare, då de utestående kortkrediterna vid motsvarande tidpunkt året innan ökade med nästan 6 %. Vid utgången av maj var 19 % av kortkrediterna räntefri betaltidskredit och 81 % äkta kortkrediter, dvs. kortkredit med ränta. I januari–maj 2025 utbetalades från bankerna 9 % mindre sedvanliga konsumtionskrediter utan säkerhet[3] jämfört med motsvarande tidpunkt ett år tidigare. Också det utestå
Kotitalouksilla runsaasti kulutusluottoja –kasvuvauhti hidastunut1.7.2025 10:00:00 EEST | Tiedote
Toukokuussa 2025 Suomessa toimivien pankkien kotitalouksille myöntämien kulutusluottojen kanta oli 17,6 mrd. euroa ja se supistui vuodentakaisesta −0,7 %. Kulutusluottokannan supistumiseen vaikuttavat tili- ja korttiluottojen vähentynyt käyttö ja vähäisemmät vakuudettomien kulutusluottojen nostomäärät. Pankkien myöntämät kulutusluotot kattavat 63 % kotitalouksien kokonaiskulutusluottokannasta. Toukokuussa 2025 kotitalouksien korttiluottokanta[1] (3,6 mrd. euroa) supistui −1,0 %[2] vuodentakaiseen verrattuna, kun vuosi sitten vastaavana aikana korttiluottokanta kasvoi lähes 6 prosentin vauhdilla. Toukokuun lopussa korttiluotoista 19 % oli korotonta maksuaikaluottoa ja 81 % pidennettyjä korttiluottoja eli korollista korttiluottoa. Tavanomaisia vakuudettomia kulutusluottoja[3] nostettiin pankeista tammi-toukokuun 2025 aikana 9 % vähemmän kuin vuosi sitten vastaavana aikana. Myös vakuudettomien kulutusluottojen kanta supistui toukokuussa. Suomessa toimivien pankkien myöntämistä kulutusluot
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom