Recent developments in the finnish banking sector

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dc.contributor Suomen Pankki Andersén, Atso Hyytinen, Ari Snellman, Jussi 2014-09-22T07:58:54Z 2014-09-22T07:58:54Z 2000
dc.identifier.isbn 951-686-679-4
dc.identifier.issn 0785-3572
dc.description.abstract In this paper we discuss recent developments in the Finnish banking sector.Our specific aim is to examine whether and to what extent recent developments in Finland are broadly in line with the trends common to banking sectors in Europe and also worldwide. We focus on developments in banks' profit and loss accounts, balance sheets and the market structure of the banking sector.In addition, technological developments are surveyed.As regards consolidation, the Finnish banking sector is a trendsetter.The emphasis in structural development has moved to cross-border banking and bankassurance.On the other hand, it turns out that it is quite hard to track some of the trends that are believed to characterize European banking sectors using Finnish data.For instance, disintermediation has thus far been moderate in Finland, as the role of banks as providers of financing to households and companies is still significant and generally shows no signs of diminishing.Tougher competition in lending does not seem to have reduced Finnish banks' profitability, which was at a record high in 1999 and in the first half of 2000. The Finnish banks have fully recovered from the banking crisis of the early 1990s.Improved profitability is largely due to enhanced efficiency as well as recent favourable economic performance.The banking sector has experienced a rapid process of consolidation during the 1990s and currently banks are in the middle of a period of intensive launching of new technology-based products.It can be argued that as a result of developments in the 1990s, the Finnish banking sector is among the most profitable and efficient in Europe. Key words: Banks, financial system, stability
dc.format.extent 41 s.
dc.language.iso eng
dc.relation.ispartofseries Bank of Finland Research Discussion Papers
dc.subject taseet
dc.subject pankkitoiminta
dc.subject Suomi
dc.subject kannattavuus
dc.subject pankkitekniikka
dc.subject tietotekniikka
dc.subject SP
dc.subject RM
dc.title Recent developments in the finnish banking sector
dc.type Sarjajulkaisu
dc.identifier.urn URN:NBN:fi:bof-20140807556 Suomen Pankin keskustelualoitteita Bank of Finland. Discussion papers
dc.series.year 2000
dc.series.number 15/2000
dc.series.sortingnumber 15 26.10.2000
dc.contributor.orgunit Rahoitusmarkkinaosasto
dc.contributor.orgunit Financial Markets Department

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