Home > Statistics > Financial statement statistics on credit institutions > 2013 > 4th quarter > Domestic banks' net income from financial operations grew by 13 per cent in 2013

Published: 3 April 2014

Domestic banks' net income from financial operations grew by 13 per cent in 2013

In the last quarter of 2013, domestic banks’ net income from financial operations amounted to EUR 756 million. Their net income from financial operations grew by 13 per cent from the respective quarter of the year before. Compared to the previous quarter, their net income from financial operations went up by 18 per cent. These data derive from Statistics Finland’s financial statement statistics on credit institutions.

Domestic banks’ turnover and net income from financial operations fell in the fourth quarter, per cent

The growth in net income from financial operations from the previous year is mainly explained by the fall in the interest expenses of domestic banks. Over the quarter, interest income amounted to EUR 1.4 billion, which is EUR 104 million less than one year previously. From the previous quarter, interest income went up by EUR nine million. Over the quarter, interest expenses amounted to EUR 615 million, which is EUR 191 million less than one year previously. From the previous quarter, interest expenses went down by EUR 108 million. Of interest expenses in the fourth quarter, EUR 191 million concerned promissory notes issued publicly, EUR 154 liabilities to the public and general government, and EUR 140 million derivative instruments and other liabilities held for trading.

In the fourth quarter, the commission income of domestic banks amounted to EUR 459 million and increased by close on seven per cent from the year before. Compared with the previous quarter, the commission income went up by four per cent. At the end of the quarter, net gains from securities and foreign currency transactions totalled EUR 195 million.

Recorded impairment losses on loans and other commitments amounted to EUR 47 million in the last quarter. This is 54 per cent down from the previous year.

The net operating profit of domestic banks amounted to EUR 427 million in the fourth quarter, which is EUR seven million less than one year earlier. From the previous quarter, net operating profit diminished by 16 per cent. The aggregate value of the balance sheets was EUR 458 billion. The balance sheets decreased by 7.7 per cent year-on-year. The share of own equity in the total of the balance sheets was 4.5 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 3.4.2014