Home > Statistics > Financial statement statistics on credit institutions > 2014 > 1st quarter > Domestic banks' net income from financial operations remained unchanged in the first quarter of 2014

Published: 31 July 2014

Domestic banks' net income from financial operations remained unchanged in the first quarter of 2014

In the first quarter of 2014, domestic banks’ net income from financial operations amounted to EUR 660 million. Their net income from financial operations grew by one per cent from the respective quarter of the year before. Compared with the previous quarter, the net income from financial operations went down by 13 per cent. These data derive from Statistics Finland’s financial statement statistics on credit institutions.

Domestic banks’ net income from financial operations and operating profit, 1st quarter

Over the quarter, interest income amounted to EUR 1.4 billion, which is EUR 35 million more than one year previously. From the previous quarter, interest income went down by EUR 11 million. The interest expenses of domestic banks also increased. Over the quarter, interest expenses amounted to EUR 714 million, which is EUR 20 million more than one year previously. From the previous quarter, interest expenses grew by EUR 99 million

In the first quarter, commission income amounted to EUR 482 million, having increased by eight per cent from twelve months back. Compared to the previous quarter, commission income went up by close on five per cent.

The administrative expenses of domestic banks amounted to EUR 627 million in the first quarter, which is three per cent more than one year earlier. From the previous quarter, administrative expenses went down by EUR 17 million.

The net operating profit amounted to EUR 757 million in the first quarter, which is 17 per cent more than one year earlier. The aggregate value of the balance sheets was EUR 473 billion. The balance sheets decreased by 2.7 per cent year-on-year. The share of own equity in the total of the balance sheets was 4.2 per cent.

Source: Credit institutions' annual accounts, Statistics Finland

Inquiries: Hilkka Jaatinen 029 551 3630, Kristiina Nieminen 029 551 2957, rahoitusmarkkinat@stat.fi

Director in charge: Leena Storgårds

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Appendix tables

• Appendix table 1. Profit and loss accounts of domestic banks 1.1.- 31.3.2014, EUR thousands (31.7.2014)
• Appendix table 2. Balance sheets of domestic banks 1.1.- 31.3.2014, EUR thousands (31.7.2014)
• Appendix table 3. Itemisation of interest income and expenses of domestic deposit banks 1.1.- 31.3.2014, EUR thousands (31.7.2014)
• Appendix table 4. Itemisation of commission income and expenses of domestic deposit banks 1.1.- 31.3.2014, EUR thousands (31.7.2014)
• Appendix table 5. Itemisation of domestic deposit banks' administrative expenses 1.1.- 31.3.2014, EUR thousands (31.7.2014)

Figures

• Appendix figure 1. Domestic banks' net operating profit by quarter (31.7.2014)
• Appendix figure 2. Domestic banks' interest income and commission income by quarter, 1st quarter (31.7.2014)

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Updated 31.7.2014