Home > Statistics > Financial statement statistics on credit institutions > 2013 > 3rd quarter > Domestic banks' net income from financial operations grew by 10 per cent in the third quarter of 2013

Published: 3 December 2013

Domestic banks' net income from financial operations grew by 10 per cent in the third quarter of 2013

In the third quarter of 2013, domestic banks’ net income from financial operations amounted to EUR 638 million. The net income from financial operations rose by 10 per cent from the respective quarter of the year before. The growth from the previous year is mainly explained by the fall in the interest expenses of domestic banks. Compared with the previous quarter, the net income from financial operations went down by 6 per cent. These data derive from Statistics Finland’s financial statement statistics on credit institutions.

Commission income of domestic banks by quarter, EUR million

Over the quarter, interest income amounted to EUR 1.4 billion, which is 19 per cent less than one year previously. Compared with the previous quarter, interest income remained unchanged. Over the quarter, interest expenses amounted to EUR 723 million, which is 33 per cent less than one year previously. From the previous quarter, interest expenses grew by eight per cent. Of interest expenses in the third quarter, EUR 237 million concerned derivative instruments and other liabilities held for trading.

In the third quarter, the commission income of domestic banks amounted to EUR 442 million and increased by 14 per cent from the year before. Compared with the previous quarter, the commission income went up by three per cent. At the end of the quarter, net gains from securities and foreign currency transactions totalled EUR 328 million.

Recorded impairment losses on loans and other commitments amounted to EUR 39 million in the third quarter of this year.

The net operating profit of domestic banks amounted to EUR 508 million in the third quarter, which is three per cent less than one year earlier. From the previous quarter, net operating profit diminished by two per cent. The aggregate value of the balance sheets was EUR 457 billion. The balance sheets decreased by 15 per cent year-on-year. The drop from the previous year is explained by the fact that derivative instruments and other items held for trading were halved. The share of own equity in the total of the balance sheets was 4.4 per cent.

Source: Credit institutions' annual accounts, Statistics Finland

Inquiries: Hilkka Jaatinen 09 1734 3630, Kristiina Nieminen 09 1734 2957, rahoitusmarkkinat@stat.fi

Director in charge: Leena Storgårds

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Updated 3.12.2013