Financial position and risks of supervised entities as at 30 June 2019: Weaker economic cycle weighs on the Finnish banking and insurance sector
(WorldNews Africa)

Press release 18 September 2019 - 18/2019 The weakening of the economic cycle, the persistently low level of interest rates and tighter competition are increasing the risks in the Finnish banking sector. The banking sector`s capital position is still stronger than the EU average, despite a slight weakening in the first half of the year. Life and non-life insurance companies are burdened particularly by the low level of interest rates. Pension institutions` solvency ratio strengthened due to a favourable return on investments. Strong capital positions protect the banking sector against the heightened risks in the operating environment. The weakening of the economic cycle, the persistently low...