Home > Statistics > Financial statement statistics on credit institutions > 2016 > 2nd quarter > Domestic banks' net income from financial operations contracted by 5 per cent and operating profit by 37 per cent in the second quarter of 2016

Published: 24 October 2016

Domestic banks' net income from financial operations contracted by 5 per cent and operating profit by 37 per cent in the second quarter of 2016

In the second quarter of 2016, domestic banks’ net income from financial operations amounted to EUR 571 million. Their net income from financial operations contracted by five per cent and operating profit by 37 per cent from the respective quarter of the year before. These data derive from Statistics Finland’s financial statement statistics on credit institutions.

Domestic banks' net income from financial operations and operating profit, 2nd quarter 2005-2016, EUR million

Interest income and expenses

Over the second quarter, the interest income of domestic banks amounted to EUR 1.1 billion, which is EUR 100 million less than one year previously. From the previous quarter, interest income went down by EUR 61 million. Over the quarter, interest expenses amounted to EUR 547 million. Interest expenses went down by 14 per cent from the previous quarter.

Commission income

Commission income amounted to EUR 474 million in the second quarter, which is EUR four million more than one year earlier. Compared to the previous quarter, commission income went up by EUR 8 million.

Administrative expenses

In the second quarter of 2016, domestic banks’ administrative expenses amounted to EUR 644 million. Compared with the previous quarter, administrative expenses grew by EUR 22 million.

Balance sheet

The aggregate value of the balance sheets was EUR 506 billion. The balance sheet was five per cent down from one year ago. The share of own equity in the total of the balance sheets was five per cent.

Source: Credit institutions' annual accounts, Statistics Finland

Inquiries: Jarkko Kaunisto 029 551 3551, Kerttu Helin 029 551 3330, rahoitusmarkkinat@stat.fi

Director in charge: Ville Vertanen

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Appendix tables

• Appendix table 1. Profit and loss accounts of domestic banks 1.1.- 30.6.2016, EUR thousands (24.10.2016)
• Appendix table 2. Balance sheets of domestic banks 1.1.- 30.6.2016, EUR thousands (24.10.2016)

Figures

• Appendix fiqure 1. Domestic banks interest income and commission income by qarter, 2nd guarter 2005 - 2016, EUR million (24.10.2016)
• Appendix figure 2. Domestic banks net operating profit by quarter 2009-2016, EUR million (24.10.2016)

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Updated 24.10.2016