-Finland households' fin assets grow in Q3 2010.
M2 EQUITYBITES-January 31, 2011--Finland households' fin assets grow in Q3 2010(C)2011 M2 COMMUNICATIONS http://www.m2.com
31 January 2011 - The financial assets of Finnish households grew by 2.4% quarter-on-quarter to EUR212.4bn in the third quarter of 2010, Statistics Finland said today.
Financial assets went up by 7.2% year-on-year.
Households' debts rose by EUR1.5bn in July-September 2010 to EUR102.9bn from the previous quarter.
In the third quarter of 200, households' net investments in financial assets totalled EUR700m. Households invested most in deposits. Holding gains additionally increased households' financial assets by EUR4.4bn.
Households' net financial assets, referring to the difference between financial assets and liabilities, grew by 4% quarter-on-quarter to EUR100.6bn in July-September 2010.
As in the two previous quarters, non-financial corporations again increased their debt financing, comprising the total of loan debts and financing in the form of debt securities. Non-financial corporations raised loans to the net amount of EUR200m and at the end of September their loans totalled EUR166.3bn. Over the July to September period, non-financial corporations issued bonds for EUR700m and new equity for EUR800m.
(EUR1 = USD1.4)
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|Date:||Jan 31, 2011|
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