03.11.2012

Finland’s banking system ranked highest in EU

The financial position of Finland’s banking system is the strongest among the EU countries, according to Moody’s.

Finland’s banking system is the strongest in the EU in terms of its financial position, according to credit rating company Moody’s new report, entitled "Banking System Outlook: Baltics".

Finland’s banking system is also ranked as the strongest of the eurozone countries, apart from Andorra which is not in the EU, in Moody’s global comparison of the financial position of the national banking systems without state guarantees.

Moody’s places Finland’s banking system in 11th position internationally, ranking it above the Netherlands and Sweden. Moody’s rating for Finland is C and for Germany C-.

According to Moody’s, the outlook is negative for Finnish banks, as it is for all the eurozone countries and Sweden.

Source: Taloussanomat