Bank of Finland
Bank of Finland in 2025
In 2025, the Bank of Finland’s strategic priorities emphasised a stable and competitive Europe, a resilient economy and finances, and data and AI in the economy and workplace. The Bank of Finland continued to be active in its international cooperation. The Bank also enhanced its employee experience during the year, and sought to further increase the level of public trust through the timely and reliable communication of financial and economic information.
- In 2025, the Bank of Finland – as part of the Eurosystem – focused on safeguarding price stability in the euro area. Completion of the banking union and capital markets union and the development of a common European deposit insurance scheme (EDIS) were also key.
- The Bank of Finland strengthened its financial resilience, ensured the resilience of the financial and payments systems against disruptions, and made progress with building a shared situation picture to support the needs of economic policy and the labour market.
- The Bank of Finland made innovative use of data and artificial intelligence, enhanced its employee experience, received recognition in international cooperation, and did a lot of sustainability work.
Bank of Finland’s tasks
The Bank of Finland is Finland’s monetary authority and national central bank. At the same time it is a part of the Eurosystem, which is responsible for monetary policy and other central bank functions in the countries of the euro area and for administering the world’s second largest currency, the euro.
The primary objective of the Eurosystem and the Bank of Finland is price stability, which means making sure that inflation remains low. Prices are stable when annual inflation as measured by the euro area Harmonised Index of Consumer Prices (HICP) is at 2% over the medium term.
In 2025, the economy was particularly affected by geopolitical tensions. Despite the squeeze of power politics, the Bank of Finland together with the other euro area national central banks succeeded in stabilising inflation at close to the 2% target.
The Bank of Finland has both domestic and Eurosystem objectives. These include
- preparing and implementing monetary policy in Finland
- overseeing the stability of the financial system and producing statistics
- conducting research and participating in economic policy debate
- taking care of clearing for interbank payments and managing its own investments
- maintaining stable and efficient payment systems and issuing banknotes and coins into circulation.
Bank of Finland’s strategic priorities in 2025
In 2025 the Bank of Finland had three strategic priorities.
1. Stable and competitive Europe
The Bank of Finland will contribute to Europe’s stability and competitiveness by fostering price stability, financial stability and a deepening of the EU single market, Of paramount importance is the completion of the EU’s banking union and capital markets union, which will improve the intermediation of finance for investment in innovation, security and the green transition.
The Bank of Finland favours a reform of the bank resolution framework and wishes to see a common European deposit insurance scheme (EDIS). The Bank will highlight stability and competitiveness in the dialogue on Europe’s future.
2. Resilient economy and finances
The Bank of Finland will strengthen the economy’s resilience to ensure price and financial stability in all circumstances. It will play its part in ensuring that the financial system and payment systems can withstand disruptions.
The Bank of Finland will help build a shared situation picture to support the needs of economic policy and the labour market. Efficiency, sustainable finances and a culture of cooperation will ensure the Bank of Finland’s independence and ability to function.
3. Data and AI in the economy and workplace
The Bank of Finland will have a good understanding of the economic impact of technological developments and the opportunities and risks these bring for central banking. It will use artificial intelligence safely and in a way that advances its own work.
The Bank of Finland will be a leader in the data economy. Its working culture and organisational structure will provide support for learning new things, making use of diverse skills and developing innovative solutions.
Bank of Finland active in international cooperation in 2025
The European Central Bank (ECB) and the Eurosystem national central banks are the main international partners of the Bank of Finland. The Governor of the Bank of Finland, Olli Rehn, is a member of the Eurosystem’s highest decision-making body, the Governing Council of the ECB. The Governing Council’s principal task is to decide on the monetary policy of the euro area.
In 2025, Governor Rehn was also a member of the High-Level Task Force set up by the Governing Council to look at simplification of the European regulatory, supervisory and reporting framework. The Task Force published its recommendations in December 2025.
Besides being part of the Eurosystem, the Bank of Finland is also a member of the European Systemic Risk Board (ESRB), which monitors financial stability in the European Union and is responsible for preventing and minimising systemic risks. Governor of the Bank of Finland Olli Rehn is serving as First Vice-Chair of the ESRB.
The Bank of Finland is also a member of the European Union’s Economic and Financial Committee (EFC). The EFC was set up to promote economic policy coordination among EU Member States and to participate in the preparatory work for the EU’s Economic and Financial Affairs Council, commonly known as the Ecofin Council.
The Bank of Finland is responsible for Finland’s relations with the International Monetary Fund (IMF). The IMF works to foster international cooperation, open and rules-based foreign trade, sustainable economic growth and financial stability.
The Governor of the Bank of Finland is Finland’s representative on the IMF’s Board of Governors. Finland participates in the decision-making of the IMF as part of the IMF’s Nordic-Baltic Constituency (NBC).
In 2025, the IMF’s work was particularly affected by trade policy uncertainty and economic uncertainty. IMF financial support was needed in 2025 especially by Ukraine, Argentina and many of the IMF’s poorest member countries. The IMF responded by continuing to support its member countries and by protecting the multilateral, rules-based world order.
The Bank of Finland’s IMF communications (in Finnish), especially towards the end of the year, emphasised the resilience of the global economy and the importance of building trust. The IMF highlighted debt sustainability and the need to ensure the independence of central banks.
The Governor of the Bank of Finland also participates in the regular meetings of the governors of the member central banks of the Bank for International Settlements (BIS).
The Bank of Finland maintains close contacts with the central banks of the other Nordic countries. The annual meeting of the governors of central banks in the Nordic countries was held in September in Iceland.
Bank of Finland enhanced its employee experience in 2025
In 2025, the Bank of Finland enhanced its employee experience and communicated about this in different ways. Communications were designed to reach those who might be attracted by the Bank’s tasks, strategy and values, and to present a workplace that would interest them and where they might wish to make a career.
The Bank of Finland and the Financial Supervisory Authority (FIN-FSA) have a joint team of employee ambassadors who communicate about their workplace through social media to a wide audience, spreading a positive message. This allows potential job applicants to gain a good understanding of the types of tasks and the work culture.
This employee ambassador work also inspired colleagues in other countries and led to the Bank of Finland receiving, in summer 2025, the HRC Annual Award of the Human Resources Committee of the European System of Central Banks (ESCB).
In a Universum survey of business students in 2025, the Bank of Finland was ranked the fourth most attractive employer in the business sector and the top employer in the public sector. The Bank also monitors its employer image and employee experience through regular surveys.
In a spring 2025 survey, staff assessments of the Bank of Finland as an employer indicated an improvement in almost every area.
The results of an external survey of financial sector employees showed that the Bank of Finland is regarded as a professional, reliable and responsible employer that offers meaningful jobs with an international dimension.
Sustainability work and climate measures in 2025
Strategic priorities were reflected in the Bank of Finland’s communications in 2025
Through its communications, the Bank of Finland aims to increase public trust in its actions, engage in dialogue with various stakeholders and provide them with reliable and timely information. During 2025, the Bank’s communications contained a particular emphasis on its strategic priorities.
Communications during the year covered the following subject areas: the Finnish and European economies; Finland as part of the global economy; Finland’s public finances; price stability; the financial system; and various payment-related issues, such as the digital euro.
The Bank of Finland’s efforts to improve people’s financial literacy included the production of two videos aimed at a general audience on the subjects of inflation and central bank tasks. With the aid of a stakeholder survey, the Bank examined the extent of public trust and the views of stakeholders.
Bank of Finland’s budget in 2025
The Bank of Finland’s objective is to carry out its tasks in an economic and efficient manner. The Board evaluates implementation of the objectives on a quarterly basis.
| Bank of Finland | Outturn2025EUR m | Budgeted2026EUR m |
|---|---|---|
| Operating expenses and income | ||
| EXPENSES | ||
| Staff expenses | -41.0 | -44.5 |
| Staff-related expenses | -2.4 | -3.3 |
| Other expenses | -37.7 | -45.9 |
| Banking service expenses | -6.8 | -6.3 |
| Depreciation | -9.9 | -10.4 |
| Total | -97.9 | -110.4 |
| Banknote acquisition costs | -4.9 | -2.6 |
| Pension fund contribution | -8.3 | -8.3 |
| Total operating expenses | -111.1 | -121.3 |
| INCOME | ||
| Banking service income | 0.7 | 0.1 |
| Real estate | 4.8 | 4.4 |
| Other income | 0.5 | 0.3 |
| Services to FIN-FSA | 8.5 | 9.2 |
| Total income | 14.5 | 14.0 |
| Net | -96.7 | -107.3 |
| Due to rounding, the totals do not necessarily tally. | ||
| Bank of Finland | Outturn2025EUR m | Budgeted2026EUR m |
|---|---|---|
| Investment | ||
| Real estate investment | 9.0 | 13.3 |
| Head office premises | 4.8 | 6.7 |
| Vantaa premises | 3.7 | 6.1 |
| Other premises | 0.5 | 0.5 |
| IT equipment and software | 5.0 | 6.7 |
| Cash handling machines | 0.0 | 0.0 |
| Security equipment | 1.2 | 3.3 |
| Other | 0.3 | 0.0 |
| Total investment | 15.4 | 23.3 |
| Due to rounding, the totals do not necessarily tally. | ||
| Pension fund | Outturn2025EUR m | Budgeted2026EUR m |
|---|---|---|
| Operating expenses and income | ||
| EXPENSES | ||
| Staff expenses | -0.0 | -0.0 |
| Expenses for pension fund activities | -0.3 | -0.3 |
| Pension fund real estate expenses | -0.7 | -0.9 |
| Depreciation | -1.0 | -1.0 |
| Pensions paid | -33.5 | -35.6 |
| Total expenses | -35.6 | -37.7 |
| INCOME | ||
| Employment pension contributions | 15.1 | 15.7 |
| Internal rents | 2.0 | 2.0 |
| Pension fund contribution | 10.0 | 10.0 |
| Total income | 27.1 | 27.7 |
| Net | -8.5 | -10.0 |
| Due to rounding, the totals do not necessarily tally. | ||
| Financial Supervisory Authority | Outturn2025EUR m | Budgeted2026EUR m |
|---|---|---|
| Operating expenses and income | ||
| EXPENSES | ||
| Staff expenses | -28.3 | -30.6 |
| Staff-related expenses | -0.7 | -1.2 |
| Other expenses | -8.5 | -9.1 |
| Depreciation | -1.8 | -2.1 |
| Services from the Bank of Finland | -8.5 | -9.2 |
| Pension fund contribution | -1.7 | -1.7 |
| Total operating expenses | -49.5 | -53.8 |
| FUNDING OF OPERATIONS | ||
| Supervision fees | 44.2 | 47.8 |
| Processing fees | 2.0 | 1.9 |
| Bank of Finland contribution to funding | 2.5 | 2.7 |
| Surplus/deficit transferred from previous year | 2.9 | 1.3 |
| Other income | 0.0 | 0.2 |
| Total income | 51.5 | 53.8 |
| Surplus transferred to next year | -2.0 | |
| Due to rounding, the totals do not necessarily tally. | ||
| Financial Supervisory Authority | Outturn2025EUR m | Budgeted2026EUR m |
|---|---|---|
| Investment | ||
| IT equipment and software | 2.5 | 3.4 |
| Total investment | 2.5 | 3.4 |
| Due to rounding, the totals do not necessarily tally. | ||
Data Balance Sheet
The key figures set out in the Bank of Finland’s Data Balance Sheet provide a picture of the central bank’s data-intensive work and its information resources. The key figures, data collections, analytical background information and details of improvements in information management are presented more extensively in the Bank of Finland’s Data Balance Sheet, which is to be published in English in April.
| Case management and documents | 2025 | 2024 |
|---|---|---|
| Matters entered in case management system | 702 | 688 |
| Documents stored in case management system | 2,884 | 3,280 |
| Documents transferred to digital archive | 36,742 | 24,659 |
| Documents in digital archive, total | 509,615 | 477,126 |
| Number of visitors to historical archive | 3 | 4 |
| Duration of visits (hours, total) | 3 | 20 |
| Data and statistics assets | 2025 | 2024 |
| Statistical data collections performed | 12 | 12 |
| Regular reporters of statistics | 1,623 | 1,662 |
| Statistical data collection reports received | 30,604 | 26,570 |
| Time series entries in the time series database | 13,021,334 | 10,256,341 |
| Statistics dashboards in external network | 94 | 85 |
| API calls in open data service (million) | 10 | 15 |
| Requests for experts, statements and information | 2025 | 2024 |
| Requests for experts | 34 | 27 |
| Requests for statements | 36 | 59 |
| Requests for information | 98 | 65 |
