Important institutions of this country were developed during the autonomy, long before independence. For example, the Bank of Finland was established in 1811. It is the fourth oldest central bank. Finland obtained its own monetary system in 1860. It was seen as a means of integrating the country's monetary system with the European monies.
However, the stance of investors toward firms with high credit risks remains severe and the lending attitudes of private banks are becoming more cautious. Hence, the developments in the behavior of financial institutions and corporate financing continue to require close monitoring. 2  BIS Review 32/2002