Banks' role in financing Finnish companies has diminished
Savolainen, Eero (04.11.2013)
JulkaisusarjaBank of Finland. Financial Market Report
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201408074844
Corporate finance in Finland and elsewhere in the euro area is highly bankcentred. In Finland, particularly large non-financial corporations have recently acquired financing via bond issues, and growth in the stock of bank loans to nonfinancial corporations has come to a halt. Financing conditions of small and medium-sized enterprises have weakened to some extent, but are better than in the euro area on average.