Annual Overview of the Finnish Financial Sector 2025 (Finanssiala Finance Finland)

Summary

• The total value of attempted digital fraud in Finland reached €148 million in 2025, up 38% from 2024.p.6
• Banks blocked or recovered €75.5 million of fraudulent payments, while funds lost to criminals totalled €72.5 million.p.6
• The Finnish bank loan stock stood at €286.3 bn and the deposit stock at €219.1 bn.p.9
• The banking sector's return on equity was 12.2%.p.9
• Non-life insurance had a combined ratio of 91.9% and domestic direct premiums written of €5.6 bn.p.11
• Life insurance domestic direct premiums written were €6.2 bn, up 12.5%.p.12
• Fund capital in Finnish investment funds reached €201.8 bn, up 9.9%.p.14

Key insights

1. The Finnish financial sector maintained strong solvency in 2025 according to the Finnish Financial Supervisory Authority.p.5
2. Banks blocked or recovered more than half of the payments made to criminals, a 10 percentage point improvement compared to 2024.p.6
3. The Finnish banking market is heavily concentrated, with OP Pohjola and Nordea controlling the market.p.10
4. Non-life insurance profitability improved noticeably as the claims ratio normalised.p.11
5. The stock of insurance savings grew by nearly 8%, driven almost entirely by investment-linked savings policies.p.12
6. Earnings-related pension insurance investment assets exceeded €135 billion.p.13
7. About 82% of net subscriptions to Finnish investment funds went into fixed-income funds.p.14
8. More than 30% of domestic funds' capital was under foreign ownership.p.14