Home > Statistics > Financial statement statistics on credit institutions > 2012 > 4th quarter > Domestic banks' net income from financial operations contracted from the previous year in the last quarter of 2012

Published: 4 April 2013

Domestic banks' net income from financial operations contracted from the previous year in the last quarter of 2012

In the last quarter of 2012, domestic banks’ net income from financial operations amounted to EUR 669 million. Their net income from financial operations fell by 11 per cent from the respective quarter of the year before. In contrast, compared to the previous quarter, their net income from financial operations went up by 12 per cent. These data derive from Statistics Finland’s financial statement statistics on credit institutions.

Year-on-year change in domestic banks' net income from financial operations by quarter, %

The contraction in net income from financial operations from the previous year is mainly explained by the fall in the interest income of domestic banks. Over the quarter, interest income amounted to EUR 1.5 billion, which is EUR 566 million less than one year previously. From the previous quarter, interest income went down by EUR 199 million. The interest expenses of domestic banks also declined. Over the quarter, interest expenses amounted to EUR 806 million, which is EUR 483 million less than one year previously. From the previous quarter, interest expenses went down by EUR 269 million. Of interest expenses in the fourth quarter, EUR 226 million concerned derivative instruments and other liabilities held for trading.

In the fourth quarter, the commission income of domestic banks amounted to EUR 428 million and increased by close on seven per cent from the year before. Compared to the previous quarter, commission income went down by nearly 11 per cent. At the end of the quarter, net gains from securities and foreign currency transactions totalled EUR 265 million.

Recorded impairment losses on loans and other commitments amounted to EUR 100 million in the last quarter.

The net operating profit of domestic banks amounted to EUR 434 million in the fourth quarter, which is 24 per cent less than one year earlier. From the previous quarter, net operating profit diminished by 17 per cent. The aggregate value of the balance sheets was EUR 496 billion. The balance sheets decreased by 7.8 per cent year-on-year. The share of own equity in the total of the balance sheets was 3.9 per cent.

Source: Credit institutions' annual accounts, Statistics Finland

Inquiries: Marja Keltanen 09 1734 3328, Kristiina Nieminen 09 1734 2957, rahoitusmarkkinat@stat.fi

Director in charge: Leena Storgårds

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Updated 4.4.2013