Financial Services Statistics 2013

Banks •

•

Branches

Annual Change

number

number

1,448

-97

Finnish banks

1,376

-99

Foreign Banks

72

2

Employees

29,391

-2,079

Finnish groups

28,172

-2,067

1,219

-12

1,652

-17

589

-7

Branches of foreign banks •

31 Dec 2013

Finance and investment •

•

Payment ATMs

•

Payments

31 Dec 2013 number, million

•

•

•

%

•

Payment instruments broken down by their features Credit and charge cards

4.5

4.7

Online debit cards

2.8

0.0

Bank cards

0.0

-100.0

Offline debit cards

4.3

7.5

6.7 1.6 2.3

66.7 23.1

5.4 50.0

Deposits1), total by households by non-financial corporations by other sectors

141.9 81.8

5.0 -0.1

29.2 30.9

5.0 24.1

Households’ financial assets Bank deposits Listed shares Life insurance assets2)

161.6 79.8 30.4

7.7 0.0 25.1

27.6 17.5 6.3

13.1 27.7 19.0

Mutual funds Bonds

Annual Change

•

•

Assets held by Finnish mutual funds Market capitalisation of shares on Helsinki stock exchange Life insurance assets

1) Euro-denominated vis-a-vis euro-area

Payment methods Card payments

1,222

5.7

Credit transfers

928

3.6

Direct debits

72

-11.1

Cheque payment

0.3

0.0

Urgent transfers

0.3

-16.4

Online bank agreements

6.1

3.2

Sources: Federation of Finnish Financial Services, banks, Statistics Finland, Bank of Finland, Investment research Finland, Nasdaq OMX Helsinki

Annual Change %

206.5 116.6 88.3

to households of which mortgages to non-financial corporations to other sectors

ATMs, total number Cash Dispensing ATMs

Loans1), total

31 Dec 2013 € billion

2) Life insurance assets include life and pension policies taken out by private individuals.

75.1

13.3

162.2

27.7

38.3

11.1

Banking Groups operating in Finland on 31 December 2013 OP-Pohjola Group

Employees (group)1)

Branches (deposit banks)

Total assets, € million

11,983

485

100,981

Nordea Pankki Finland Plc 2)

8,876

378

304,761

Danske Bank 3)

2,391

62

26,680

Aktia Group

1,114

58

10,934

Savings Bank Group

1,365

195

9,070

Bank of Åland Plc

708

13

3,887

POP Bank Group

704

111

4,788

Evli Bank Plc

245

2

576

S-bank Ltd 4)

341

1

3,188

FIM Bank Ltd 4)

169

7

250

Tapiola Bank Ltd

230

63

2,178

46

1

1,220

28,172

1,376

468,513

Svenska Handelsbanken AB (publ), Branch in Finland

641

45

Skandinaviska Enskilda Banken AB (publ) Helsinki Branch

233

1

Forex Bank Aktiebolag filial i Finland

130

15

Nordnet Bank AB Finnish Branch

43

1

Carnegie Investment Bank AB, Finland Branch

19

1

Swedbank AB (publ), Branch in Finland

25

1

Avida Finans Ab, Branch in Finland

6

-

Royal Bank of Scotland public limited company, Finnish Branch

7

1

14

1

2

1

Citibank International plc, Branch in Finland 5)

17

1

Crédit Agricole Corporate and Investment Bank Helsinki Branch

13

1

BIGBANK AS Finland Branch 5)

46

1

Resurs Bank AB Finnish Branch

15

1

8

1

1,219

72

29,391

1,448

Suomen Asuntohypopankki

Total Finnish banks Branches of foreign banks

DnB Bank ASA, Branch in Finland Deutsche Bank Aktiengesellschaft, Helsinki branch

AS LHV Pank, Finnish Branch Total foreign banks’ branches

TOTAL

1) Bank Groups include foreign branches. Insurance business is included in the figures where insurance is part of the group’s business. 2) At the end of 2013, Nordea had a total of 378 consultation, customer service and corporate customer offices, some of which are located in the same address. 3) Danske Bank figures include emloyees of Danske Bank A/S Helsinki Branch. Danske Bank Finland and Danske Bank A/S Helsinki Branch operate in Finland as separate legal entities. 4) S-Bank acquired 51% of the FIM Group shares on 1st August 2013. The subsidiary’s (FIM) figures are presented separately. 5) Same figures as in 2012 since 2013 figures are not available

Performance of deposit-taking banks 1) € million Net interest income

Other operating income

Total operating expenses

Impairment losses 2)

Operating profit

Total assets

2007

3,585

3,466

3,204

64

3,784

266,350

2008

4,468

1,656

3,519

254

2,351

353,814

2009

3,595

2,876

3,594

842

2,036

358,095

2010

2,954

3,254

3,645

487

2,076

428,534

2011

3,207

3,128

3,786

250

2,302

552,291

2012

3,085

3,657

3,849

333

2,562

508,412

2013

2,874

3,443

3,925

152

2,240

468,335

1) Includes domestic banks and branches of foreign banks operating in Finland. 2) on loans and other commitments. Source: Financial Supervisory Authority

Banks’ market shares 31 December 2013 Loans € million

Deposits

Market share

€ million

Market share

OP-Pohjola Group

68,078

34.2 %

46,298

36.2 %

Nordea Bank Finland Group

57,753

29.0 %

37,767

29.5 %

Danske Bank Group

20,212

10.2 %

16,089

12.6 %

Handelsbanken Group

11,163

5.6 %

3,674

2.9 %

Aktia Group

6,760

3.4 %

3,835

3.0 %

Savings banks

6,667

3.4 %

6,969

5.4 %

POP Bank Group

3,680

1.8 %

3,928

3.1 %

Bank of Åland

2,199

1.1 %

1,436

1.2 %

Tapiola Bank Plc

1,840

0.9 %

1,763

1.4 %

974

0.5 %

338

0.3 %

19,676

9.9 %

5,843

4.6 %

199,002

100.0 %

127,940

100.0 %

Hypo Others Total

OP-Pohjola Group: Pohjola Bank plc, Helsinki OP Bank Plc, Op-Kotipankki Oyj, OP Mortage Bank and independent member cooperative banks

Deposit-taking banks

Nordea Bank Finland Group: Nordea Bank Finland Plc and Nordea Finance Finland Ltd

Profitability

Cost of income

Capital adequacy

ROA, %

ROE, %

C/I, %

%

2008

0.6

8.4

57.5

13.6

Aktia Group: Aktia Bank Plc and Aktia Real Estate Mortage Bank

2009

0.4

6.9

55.5

14.6

Others: Other than abovementioned monetary institutions operating in Finland.

2010

0.4

6.9

58.8

14.4

2011

0.4

7.6

59.7

14.2

2012

0.4

8.5

57.1

17.0

2013

0.4

8.1

62.1

16.0

Danske Bank Group: Danske Bank, Danske Bank A/S, Helsinki Branch Handelsbanken Group: Svenska Handelsbanken AB (publ), Branch Operation in Finland, Handelsbanken Finans Plc and Handelsbanken Finans Aktiebolag (publ), Branch Operation in Finland

Source: The banks/banking groups have agreed that the Bank of Finland provides these figures for the Federation of Finnish Financial Services annually for publishing.

Source: Financial Supervisory Authority

Sectoral breakdown of euro-denominated lending by Finnish MFIs to eurozone,

Sectoral breakdown of euro-denominated deposits received by Finnish MFIs from eurozone,

€ million

€ million Households1)

Non-Financial corporations1)

Others

Households1)

Total

Non-Financial corporations1)

Others

Total

2006

77,954

42,875

5,838

126,667

2006

58,180

16,849

8,528

83,557

2007

86,578

48,386

6,499

141,464

2007

65,279

21,263

8,589

95,131

2008

93,416

57,594

7,095

158,105

2008

73,737

24,185

9,503

107,425

2009

98,388

54,103

7,833

160,324

2009

74,023

24,631

10,065

108,719

2010

104,273

56,471

9,664

170,409

2010

77,764

26,585

12,431

116,780

2011

109,551

60,631

11,064

180,977

2011

82,612

26,293

17,775

126,680

2012

114,798

63,282

15,399

193,479

2012

82,378

27,812

24,866

135,056

2013

116,622

66,724

23,121

206,467

2013

81,780

29,239

30,902

141,921

1) Households include non-profit institutions serving households and non-financial corporations include housing corporations.

1) Households include non-profit institutions serving households and non-financial corporations include housing corporations.

Source: Bank of Finland

Source: Bank of Finland

Non-performing assets and impairment losses by sector, € million Total non-performing assets 1)

Impairment losses, net 2)

Non-financial and housing corporations

398

178

0.6 %

Households

700

38

0.6 %

Foreign countries

180

5

0.3 %

1,307

190

0.5 %

31 Dec 2013

Total

Non-performing assets of total assets

1) Nonperforming assets + guarantee claims + zero-interest assets outside group. 2) Actual credit losses during the period + impairment losses on individual assets (during the period) - reversals of impairment losses on individual assets (during the period) + impairment losses on assets collectively assessed (income statement) - recoveries in respect of previously entered actual impairment losses - insurance indemnities. This formula is used for the total of all sectors. Since the banks do not recognise collectively assessed impairment losses by sector and industrial category, these losses are not accounted for in the rest of the rows.

Special credit institutions 31 Dec 2013 Total assets, € million

Municipality Finance Plc

The Nordic Investment Bank Finnvera plc Tekes - the Finnish Funding Agency for Technology and Innovation Source: Websites of special credit institutions

26,156

Annual change

2.3 %

Outstanding credit, € million

Owner(s)

17,801

Municipalities and Government of Finland Governments of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden

23,490

-9.6 %

14,667

4,603

20.9 %

3,650

Government of Finland

694

7.0 %

684

Government of Finland

Largest insurance companies/groups in Finland 31 Dec 2013 Premiums written, € million

Average number of employees

Market share of Finnish direct premiums

Varma Mutual Pension Insurance Company

4,258

565

34.3 %

Ilmarinen Mutual Pension Insurance Company

4,087

542

32.9 %

Elo Mutual Pension Insurance Company*

2,929

432

23.6 %

659

288

5.3 %

Pension insurers

Etera Mutual Pension Insurance Company *LocalTapiola Pension+Pension Fennia

Premiums written, € million

Average number of employees

Market share of Finnish direct premiums

OP-Pohjola Group

2,529

1,595

26.0 %

Nordea Life Assurance Finland Ltd

2,184

130

23.0 %

Life and non-life insurers

Sampo Group

2,108

2,201

21.9 %

Local Tapiola Group

1,544

3,082

15.5 %

Finnish insurers´ investments at current values 31 Dec 2013 € million Non-life insurers

Life insurers

Pension insurers

Total

Investment share,%

Equity holdings

8,992

4,241

51,290

64,523

49.0

Debt securities

12,936

7,529

28,183

48,648

36.9

1,659

1,081

10,022

12,762

9.7

Lending

248

417

4,794

5,459

4.1

Other investments

125

37

180

341

0.3

23,961

13,305

94,469

131,734

100.0

Property holdings

Total

Fund management companies’ market shares 31 Dec 2013 Fund assets, € million Nordea Investment Fund Company Finland Ltd OP Fund Management Company Ltd Danske Invest Fund Management Ltd Evli Fund Management Company Ltd Handelsbanken Mutual Fund Company Ltd SEB Fund Management Company Ltd

Market share, %

Loans, consumer credit and hire-purchase finance granted by member finance houses, € million Outstanding credit

Consumer credit and hire purchase finance

24,113

32.0

2006

10.5

3.6

14,324

19.0

2007

11.5

4.0

10,237

13.6

2008

12.5

4.1

2009

12.3

4.2

2010

12.5

4.1

4,129

5.5

4,046

5.4

2011

13.2

4.3

3,297

4.4

2012

13.8

4.4

Aktia Fund Management Ltd

2,981

4.0

2013

14.1

4.6

LocalTapiola Asset Management Ltd

2,973

4.0

Source: Financial Supervisory Authority

Source: Federation of Finnish Financial Services