Summary
Banks in Finland industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers. Market value represents the total assets held by banks or related institutions in a country in a year. The market share represents the total asset held by the companies in the specific year. Geographical segmentation measures the total assets held by commercial banks of a particular region.
- The Finnish banking industry recorded assets of $784.6 billion in 2024, representing a compound annual growth rate (CAGR) of 1.4% between 2019 and 2024.
- The bank credit segment accounted for the industry's largest proportion in 2024, with total assets of $363.7 billion, equivalent to 46.4% of the industry's overall value.
- The Finnish banking industry grew by 0.8% in 2024, primarily driven by the decline in bank lending rates, which reduces borrowing costs and encourages greater credit uptake. Lower lending rates stimulate demand for personal and business loans, leading to an expansion in the bank credit segment, which directly increases the total assets held by banks. According to the Bank of Finland, the bank lending rate in Finland was reduced to 7.9% in December 2024, down from 8.1% in December 2023, facilitating broader access to credit.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in Finland
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in Finland
- Leading company profiles reveal details of key banks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Finland banks market with five year forecasts
Reasons to Buy
- What was the size of the Finland banks market by value in 2024?
- What will be the size of the Finland banks market in 2029?
- What factors are affecting the strength of competition in the Finland banks market?
- How has the market performed over the last five years?
- What are the main segments that make up Finland's banks market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What have been the recent M&A activities?
8 Company Profiles
8.1. Nordea Bank Abp
8.2. OP Financial Group
8.3. Municipality Finance PLC
8.4. POP Bank Group
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Finland banks industry value: $ billion, 2019-24
Table 2: Finland banks industry category segmentation: % share, by value, 2019-24
Table 3: Finland banks industry category segmentation: $ billion, 2019-24
Table 4: Finland banks industry geography segmentation: $ billion, 2024
Table 5: Finland banks industry value forecast: $ billion, 2024-29
Table 6: Finland banks industry share: % share, by value, 2024
Table 7: Nordea Bank Abp: Key Facts
Table 8: Nordea Bank Abp: Annual Financial Ratios
Table 9: Nordea Bank Abp: Key Employees
Table 10: OP Financial Group: Key Facts
Table 11: OP Financial Group: Key Employees
Table 12: Municipality Finance PLC: Key Facts
Table 13: POP Bank Group: Key Facts
Table 14: Finland Size of Population (Million), 2020-24
Table 15: Finland Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 16: Finland GDP (Current Prices, $ Billion), 2020-24
Table 17: Finland Inflation, 2020-24
Table 18: Finland Consumer Price Index (Absolute), 2020-24
Table 19: Finland Exchange Rate, 2019-24
List of Figures
Figure 1: Finland banks industry value: $ billion, 2019-24
Figure 2: Finland banks industry category segmentation: $ billion, 2019-24
Figure 3: Finland banks industry geography segmentation: % share, by value, 2024
Figure 4: Finland banks industry value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the banks industry in Finland, 2024
Figure 6: Drivers of buyer power in the banks industry in Finland, 2024
Figure 7: Drivers of supplier power in the banks industry in Finland, 2024
Figure 8: Factors influencing the likelihood of new entrants in the banks industry in Finland, 2024
Figure 9: Factors influencing the threat of substitutes in the banks industry in Finland, 2024
Figure 10: Drivers of degree of rivalry in the banks industry in Finland, 2024
Figure 11: Finland banks industry share: % share, by value, 2024
