Clearer view of non-banking loans now available
Alakiuttu, Antti (29.04.2021)
JulkaisusarjaBank of Finland Bulletin. Blog
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-202104301206
A larger share of household and corporate finance than previously now comes from outside the banking sector. As a result of digitalisation, the number of different companies providing consumer credit and corporate finance services in Finland has increased. This has aroused concerns about increasing indebtedness among households and companies, although the number of these lenders has decreased following the interest rate cap imposed on consumer credit in September 2019.
The accessible version: https://www.bofbulletin.fi/en/blogs/clearer-view-of-non-banking-loans-now-available/