The COVID-19 pandemic increased the demand for financing in municipalities. The Group’s long-term customer financing grew by 7.8% in the reporting period. The long-term customer financing portfolio stood at EUR 26.7 billion at the end of the reporting period.
The total of new lending in January–June amounted to EUR 2.5 billion. The growth was spurred by the increase in the demand of loans and a drop in the availability of financing from other credit institutions, both due to the COVID-19 pandemic.
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