Nordic banks – Statistical update – Finnish lending May 2026

Research evidence excerpt

Nordic banks – Statistical update – Finnish lending May 2026

Financials

Finnish lending & deposit statistics – May 2026

Total loan growth positive y-o-y for the seventh month in a row

• Total lending was up 0.5% y-o-y and up 0.1% m-o-m. Last month, total lending was up 0.7% y-o-y.

• Corporate lending was up 2.3% y-o-y and up 0.2% m-o-m. Last month, corporate lending was up 3.0% y-o-y.

• Retail lending was down 0.3% y-o-y and up 0.1% m-o-m. Last month, retail lending was down 0.2% y-o-y.

• Corporate deposits were up 4.6% y-o-y and up 0.4% m-o-m. Last month, corporate deposits increased 6.6% y-o-y.

• Household deposits were up 3.5% y-o-y and up 0.7% m-o-m. Last month, household deposits were up 3.4%

y-o-y.

• In y-o-y terms, Finland still looks weak vs. the other Nordic countries in terms of household mortgage lending growth.

However, we note the recovering corporate lending growth, which feeds through to positive total lending growth y-o-y.

Finnish lending growth (y-o-y)

32.5%

27.5%

22.5%

17.5%

12.5%

7.5%

2.5%

-2.5%

-7.5%

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Core public lending Corporate lending Mortgage retail lending

Source: Bank of Finland

30 June 2026 ABG Sundal Collier 2