The number of commercial bank branches in Finland has seen a consistent decline over the past decade, falling from 14.1 units per hundred thousand adults in 2013 to 3.52 units in 2023. Year-on-year variation indicates a general downward trend, with the most prominent decline observed between 2013 and 2014. Notably, there was an anomalous increase of 53.23% in 2021, but this was followed by a significant drop of 37.34% in 2022. As of 2023, the year-on-year decline was 8.81%, with a CAGR of -6.01% over the last five years.

Future forecasts predict a continued decline, reaching 2.38 units per hundred thousand adults by 2028. This prediction is based on a forecasted 5-year CAGR of -5.63%, translating to an overall contraction of 25.16% from 2023 to 2028.

Future trends to watch for:

Further consolidation and digital transformation within the banking sector, reducing the necessity for physical branches.
Potential regulatory changes or economic factors that could influence branch density.
Consumer behavior shifts towards digital financial services, accelerating branch closures.