Home > Statistics > Financial statement statistics on credit institutions > 2016 > 3rd quarter > Domestic banks' net income from financial operations contracted by 6.4 per cent and operating profit by 17.7 per cent in the third quarter of 2016

Published: 22 December 2016

Domestic banks' net income from financial operations contracted by 6.4 per cent and operating profit by 17.7 per cent in the third quarter of 2016

In the third quarter of 2016, domestic banks’ net income from financial operations amounted to EUR 562 million. Their net income from financial operations contracted by 6.4 per cent and operating profit by 17.7 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, 3rd quarter 2005-2016, EUR million

Interest income and expenses

Over the third quarter, the interest income of domestic banks amounted to EUR 1.1 billion, which is EUR 150 million and 12.2 per cent less than one year previously. From the previous quarter, interest income went down by EUR 42 million. Over the quarter, interest expenses amounted to EUR 514 million, which is EUR 112 million and 17.8 per cent less than one year previously. From the previous quarter, interest expenses went down by EUR 33 million.

Interest income generated in the first three quarters amounted to EUR 3.4 billion, which is EUR 0.3 billion and 9.2 per cent less than in the corresponding period of last year. Correspondingly, interest expenses over three quarters amounted to EUR 1.7 billion, which is EUR 0.2 billion and 11.1 per cent less than one year previously.

Commission income

Commission income amounted to EUR 454 million in the third quarter, which is EUR two million more than one year earlier. Compared to the previous quarter, commission income decreased by EUR 20 million. Commission income from the first three quarters totalled EUR 1.4 billion, which is on level with the corresponding period of last year.

Administrative expenses

In the third quarter of 2016, domestic banks’ administrative expenses amounted to EUR 580 million. Compared to the previous quarter, expenses went down by EUR 64 million, but grew by EUR 14 million from one year ago. Administrative expenses from the first three quarters amounted to EUR 1.8 billion, which is 2.6 per cent more than in the corresponding period of last year.

Operating profit

The operating profit or profit from continuing operations before taxes was EUR 542 million in the third quarter, having been EUR 538 million in the second quarter. The operating profit of domestic banks generated in the first three quarters totalled EUR 1.9 billion, which is EUR 0.6 billion and 25.2 per cent less than in the corresponding period of one year ago.

Balance sheet

The aggregate value of the balance sheets was EUR 492 billion. The balance sheet was 7.2 per cent down from one year ago. The share of own equity in the total of the balance sheets was 5.5 per cent. One year ago, the share of own equity in the total of the balance sheets was 4.9 per cent.

Source: Credit institutions' annual accounts, Statistics Finland

Inquiries: Jarkko Kaunisto 029 551 3551, Anu Karhu 029 551 3325, 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.- 30.9.2016, EUR thousands (22.12.2016)
• Appendix table 2. Balance sheets of domestic banks 1.1.- 30.9.2016, EUR thousands (22.12.2016)

Figures

• Appendix fiqure 1. Domestic banks interest income and commission income by qarter, 3rd guarter 2005 - 2016, EUR million (22.12.2016)
• Appendix figure 2. Domestic banks net operating profit by quarter 2009-2016, EUR million (22.12.2016)

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Updated 22.12.2016