Record amount of credit granted to Finnish banks
Tötterman, Kristian (11.09.2020)
JulkaisusarjaBank of Finland. Bulletin
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-202009252369
Since its inception the Eurosystem has implemented its monetary policy through credit operations conducted as tenders. In these operations, the Eurosystem grants credit against collateral to euro area banks in order to pursue its monetary policy objectives. Finnish banks and banks with branches in Finland can apply for funding from the Bank of Finland, where the tenders are carried out in practice. During the coronavirus crisis, credit operations have helped to facilitate bank lending to the private sector despite the crisis. In fact, Finnish banks’ take-up of funding from these operations has been record-high.
The accessible version of the article: https://www.bofbulletin.fi/en/2020/4/record-amount-of-credit-granted-to-finnish-banks/