Browsing by Author "Savolainen, Eero"

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  • Savolainen, Eero (2008)
    Bank of Finland. Financial market report 2
    Developments in households' financial assets were mixed in 2007. In the first part of the year, rising share prices boosted the value of equity and fund holdings. In the second part of the year, increased uncertainty in the financial markets and falling share prices induced households to transfer a large amount of funds into deposit accounts.
  • Savolainen, Eero (2010)
    Bank of Finland. Financial market report 2
    The profitability of Finnish banking has remained roughly unchanged since spring 2009. Net interest income has declined while other income has increased. In future, banks profitability will depend largely on developments in market interest rates and loan losses.
  • Savolainen, Eero (2013)
    Bank of Finland. Financial market report 2
    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.
  • Savolainen, Eero; Vauhkonen, Jukka (2015)
    Bank of Finland. Bulletin 2/2015
    The consequences of a banking crisis could be exceptionally severe in Finland’s concentrated banking system. Regulatory means must therefore be deployed to ensure the capital adequacy and liquidity of Finnish banks remain strong under all circumstances.
  • Kauko, Karlo; Savolainen, Eero; Tuomikoski, Olli; Vauhkonen, Jukka (2019)
    Bank of Finland. Bulletin 2/2019
    The Finnish corporate loan stock has grown in recent years. Corporate loans are riskier than household loans, yet the default rates on corporate lending have almost returned to the levels prevailing before the financial crisis.
  • Savolainen, Eero (2010)
    Bank of Finland. Financial market report 3
    The financial results of Finnish banking for January June declined on the previous year, due to sluggish developments in net interest income. The outlook has however improved: net interest income seems to have bottomed out and loan losses have decreased.
  • Savolainen, Eero (2009)
    Bank of Finland. Financial market report 4
    The pre-tax profits of Finnish banking improved in the third quarter of 2009 by 16% on the previous quarter, as a result of a decrease in loan losses. By contrast, results for January September were 44% weaker than a year earlier, due to increased loan losses and a decline in net interest income.
  • Pylkkönen, Pertti; Savolainen, Eero (2012)
    Bank of Finland. Financial market report 1
    European banks and governments have a substantial amount of long-term debt funding maturing in 2012. The ECB's liquidity injection provided a financing opportunity for banks in January.
  • Pylkkönen, Pertti; Savolainen, Eero (2012)
    Suomen Pankki. Rahoitusmarkkinaraportti 1
    Euroalueen pankeilla ja valtioilla on erääntymässä runsaasti pitkäaikaista velkarahoitusta vuonna 2012. Pankeille avautui tammikuussa mahdollisuus saada rahoitusta EKP:n likviditeettiruiskeen ansiosta.
  • Pylkkönen, Pertti; Savolainen, Eero (2010)
    Suomen Pankki. Rahoitusmarkkinaraportti 2
    Euroalueella ulkoisen yritysrahoituksen tarve romahti vuonna 2009, ja rahoitusrakenne muuttui lainoista arvopaperimuotoisen rahoituksen suuntaan. Tilanne on jatkunut samansuuntaisena kuluvana vuonna.
  • Savolainen, Eero (2009)
    Bank of Finland. Financial market report 2
    Financial assets of the sectors of the national economy decreased overall in 2008, due to the exceptionally weak developments in share prices. Households financial assets declined and institutional investors portfolios shrank. For example, financial assets of employment pension funds were down by nearly one-fifth.
  • Savolainen, Eero (2012)
    Bank of Finland. Financial market report 2
    Financial crises cause substantial costs to society. The costs from losses in output often prove to be higher than the subsidies granted to financial institutions. To ensure financial stability, it is important to identify in good time the risk factors that, if realised, could lead to a financial crisis. History shows that financial crises have often been preceded by a protracted rise in indebtedness. This highlights the importance of indicators of excessive indebtedness.
  • Savolainen, Eero; Tölö, Eero (2017)
    Bank of Finland. Bulletin 2/2017
    The Finnish, Swedish, Norwegian and Danish banking sectors have broadly similar strengths and weaknesses. Their profitability is strong, capital adequacy solid, and loan losses have been at historically low levels for a long time. On the other hand, the national banking sectors are large and concentrated and their systemic risks relate largely to lending to the residential and commercial real estate markets.
  • Savolainen, Eero (2010)
    Bank of Finland. Financial market report 1
    The profitability of banks operating in Finland continued to weaken in 2009. Despite the difficult operating environment, banks posted a clear profit. Net interest income declined and loan losses increased, whereas income from capital markets grew robustly. Capital adequacy improved in 2009.
  • Koskinen, Kimmo; Savolainen, Eero (2013)
    Bank of Finland. Financial market report 1
    Almost 90% of households' consumer credit is granted through monetary financial institutions. The growth in consumer credit has slowed down in recent years but continues to be faster than in the euro area on average. Margins on consumer credit have been on an upward trend. MFI consumer credit has resulted in fairly low credit losses.
  • Savolainen, Eero (2007)
    Bank of Finland. Financial market report 1
    Households' investments in personal pension and life insurance and in fund units have been increasing in the current decade. These investments, effected via financial intermediaries, can be allocated by security type, which facilitates the assessment of risk and return. A breakdown of fund investments and unitlinked insurance investments into shares and debt securities results in much larger holdings of foreign securities for households in particular. These indirect holdings nevertheless still account for only a small proportion of households' total financial assets.
  • Savolainen, Eero (2007)
    Bank of Finland. Financial market report 2
    Domestic sectors' financial assets and liabilities did not change dramatically in 2006. While households' indebtedness continued to increase the rapid growth in financial assets led to an increase in the sector's net financial assets. Non-financial corporations had little need to acquire new debt financing because of the high level of internal finance generated by good profitability. Assets managed by mutual funds continued to increase robustly, for the fourth consecutive year.
  • Savolainen, Eero (2007)
    Bank of Finland. Financial market report 2
    Domestic sectors' financial assets and liabilities did not change dramatically in 2006. While households' indebtedness continued to increase the rapid growth in financial assets led to an increase in the sector's net financial assets. Non-financial corporations had little need to acquire newdebt financing because of the high level of internal finance generated by good profitability. Assets managed by mutual funds continued to increase robustly, for the fourth consecutive year.
  • Savolainen, Eero (2011)
    Bank of Finland. Financial market report 2
    The International Monetary Fund (IMF) publishes on its website Financial Soundness Indicators for over 60 of its member countries.2 These indicators give a comprehensive summary of the health of financial systems in those countries and enable international comparison. Data for Finland have been available since spring 2011.
  • Savolainen, Eero (2011)
    Suomen Pankki. Rahoitusmarkkinaraportti 2
    Kansainvälinen valuuttarahasto (IMF) julkaisee kotisivuillaan yli 60 jäsenvaltionsa rahoitusvakausindikaattoreita.2 Näiden indikaattorien avulla on mahdollista muodostaa kattava yleiskuva eri maiden rahoitusjärjestelmän vakaudesta sekä tehdä kansainvälisiä vertailuja. Suomen tiedot ovat olleet saatavilla keväästä 2011 lähtien.