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Home BUSINESSHouseholds’ net financial assets down in Q3
Fri, 25 Dec, 2015 02:53:10 AM

Households' net financial assets decreased by EUR 5.2 billion and debts increased by EUR 0.8 billion in the third quarter of 2015, according to Statistics Finland's data.

As a result of the changes, the households' net financial assets contracted by 4.7 per cent from the previous quarter.

Net financial assets refer to the difference between financial assets and liabilities.  

At the end of September, households had a total of EUR 266.9 billion in financial assets and EUR 146.1 billion in debts.

Thus, households' net financial assets amounted to EUR 120.8 billion at the end of the third quarter as per the financial accounts statistics.

The decline in net financial assets from the previous quarter was EUR 5.9 billion.

The decrease in households' financial assets was caused by holding losses and the fact that households' net investments in financial claims were negative.

Due to fallen stock market prices, households accumulated EUR 3.9 billion in holding losses during the quarter mainly from quoted shares and mutual fund shares.

Households' net investments in financial assets amounted to EUR -1.2 billion during the quarter. Households withdrew their money particularly from deposits.

Both households' loan debts and disposable income increased in the third quarter of 2015.

 As a result of changes, the indebtedness ratio grew slightly, to 123.5 per cent, the data show

Non-financial corporations decreased their debt financing somewhat in the quarter.

At the end of September, non-financial corporations had EUR 185.1 billion in loan debt and EUR 30.0 billion in debts in the form of debt securities.

Non-financial corporations’ debt financing consisted of loan debt and debts in the form of debt securities.

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