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Published: 16 December 2021

Operating profit of banks operating in Finland grew to EUR 1.0 billion in the third quarter of 2021

The net income from financial operations of credit institutions engaged in banking in Finland amounted to EUR 1.2 billion in the third quarter of 2021 and operating profit was EUR 1.0 billion. These data derive from Statistics Finland’s financial statement statistics on credit institutions.

Net income from financial operations and operating profit of banks operating in Finland, 3rd quarter 2005 to 2021, EUR million

Net income from financial operations and operating profit of banks operating in Finland, 3rd quarter 2005 to 2021, EUR million

Interest income and expenses

Credit institutions engaged in banking in Finland accumulated EUR 1.6 billion in interest income in the third quarter of 2021, which was on approximately the same level as in the corresponding quarter of the year before. Interest expenses, in turn, amounted to around EUR 0.4 billion in the third quarter, which was also on the same level as one year earlier. The net income from financial operations calculated as the difference between interest income and expenses was EUR 1.2 billion. The net income from financial operations grew by 4.5 per cent from the respective quarter of the year before, or by around EUR 52 million.

Administrative expenses

Administrative expenses are a significant expense item for banks operating in Finland. In the third quarter, banks had a total of EUR 1.3 billion in administrative expenses, which is around EUR 10 million more than in the corresponding quarter of the year before. Wages and salaries made up EUR 0.8 billion or 60.2 per cent of administrative expenses.

Operating profit/loss

The operating profit, or profit from continuing operations before taxes, was EUR 1.0 billion in the third quarter of 2021. The operating profit increased by EUR 0.2 billion from the previous year’s corresponding quarter.

Balance sheet

The aggregate value of the balance sheets of banks was EUR 827 billion at the end of the third quarter. The value of the balance sheets grew by EUR 83 billion, or by around 11.1 per cent from the previous year’s corresponding quarter. The combined equity amounted to EUR 48 billion, which was EUR 3.9 billion more than one year earlier. On average, the share of equity in the aggregate of the balance sheets for all banks operating in Finland decreased by 0.1 percentage points to around 5.9 per cent.


Source: Credit institutions' annual accounts, Statistics Finland

Inquiries: Leevi Suppanen 029 551 3087, Matias Hämäläinen 029 551 3737, rahoitusmarkkinat@stat.fi

Head of Department in charge: Katri Kaaja

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Updated 16.12.2021

Referencing instructions:

Official Statistics of Finland (OSF): Financial statement statistics on credit institutions [e-publication].
ISSN=2342-5180. 3rd quarter 2021. Helsinki: Statistics Finland [referred: 8.8.2022].
Access method: http://www.stat.fi/til/llai/2021/03/llai_2021_03_2021-12-16_tie_001_en.html