Home > Statistics > Investment service companies > 2015 > 3rd quarter > Net operating profit of investment service companies grew by 5 per cent from the previous year in July to September 2015

Published: 17 December 2015

Net operating profit of investment service companies grew by 5 per cent from the previous year in July to September 2015

The net operating profit of investment service companies amounted to EUR 28 million in the third quarter of 2015, which is five per cent more than in the respective period of the previous year. Compared with the previous quarter, the net operating profit went down by EUR 12 million. These data derive from Statistics Finland’s statistics on investment service companies.

Investment firms' net operating profit by quarter 2009–2015, EUR million

Commission income and expenses

In the third quarter, investment service companies accrued a total of EUR 93 million in commission income, which is EUR 11 million more than in the corresponding period in 2014. Compared to the previous quarter, commission income went down by EUR 17 million. Commission expenses amounted to EUR 23 million, which is EUR two million more than one year previously. Compared to the previous quarter, commission expenses went down by EUR three million.

Interest income and expenses

Interest income stood at EUR 0.4 million. Interest income nearly doubled compared with the corresponding period of the previous year. Interest expenses were EUR 0.1 million in the third quarter and they grew by 32 per cent from the previous year's quarter. Compared with the previous quarter, interest expenses went down by seven per cent.

Administrative and operating expenses

The largest expenditure item of investment firms was administrative expenses, which in the third quarter of 2015 amounted to EUR 50 million, which is EUR 18 million more than in the previous year and EUR seven million more than in the previous quarter. Of the administrative expenses, personnel expenses amounted to EUR 28 million, or 55 per cent of total administrative expenses. Other operating expenses amounted to nearly EUR eight million, which is close on EUR three million more than one year previously.

Balance sheets

The aggregate value of the balance sheets was EUR 336 million. The balance sheets grew by 33 per cent year-on-year. The share of own equity in the total of the balance sheets was 69 per cent.

At the end of the third quarter of 2015, there were 59 investment service companies operating in Finland, of which 48 generated a positive operating result.

Source: Investment firms, Statistics Finland

Inquiries: Hilkka Jaatinen 029 551 3630, Sari Kuisma 029 551 2645

Director in charge: Ville Vertanen

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Appendix tables

• Appendix table 1. Profit and loss accounts of investment firms 1.1.- 30.9.2015, EUR thousands (Corrected on 18 April 2016) (17.12.2015)
• Appendix table 2. Balance sheet of investment firms 1.1.- 30.9.2015, EUR thousands (Corrected on 18 April 2016) (17.12.2015)
• Appendix table 3. Itemisation of investment firms administrative expenses 1.1.- 30.9.2015, EUR thousands (Corrected on 13 April 2016) (17.12.2015)

Figures

• Appendix figure 1. Investment firms' commission income by quarter 2009 - 2015, EUR million (17.12.2015)
• Appendix figure 2. Investment firms commission income by quarter, 3rd quarter 2005 - 2015, EUR million (17.12.2015)

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Updated 17.12.2015