Home > Statistics > Investment service companies > 2016 > 4th quarter > Net operating profit of investment service companies grew from the previous year's October to December

Published: 18 April 2017

Net operating profit of investment service companies grew from the previous year's October to December

The net operating profit of investment service companies was EUR 41 million in the fourth quarter of 2016. The net operating profit increased by EUR 14 million compared to the corresponding quarter last year. The operating profit for the whole year dropped from the previous year's EUR 143 million to EUR 134 million. These data derive from Statistics Finland’s statistics on investment service companies.

Investment firms’ net operating profit by quarter 2009–2016, EUR million

Commission income and expenses

Commission income is the biggest income item of investment service companies. In the fourth quarter of 2016, commission income increased by 9.5 per cent to EUR 121 million from EUR 110 million in the corresponding quarter of the previous year. Compared with the previous quarter, commission income grew by EUR 27 million and by 28.9 per cent. Over the year, interest income received amounted to EUR 397 million, which was EUR 32 million less than one year previously. Commission expenses were EUR 27 million, which is on level with the corresponding period of the previous year. Compared to the previous quarter, the growth amounted to EUR three million. Over the year, interest expenses amounted to EUR 99 million, which was EUR three million less than one year previously.

Dividend income

The dividend income of investment service companies amounted to EUR 3.9 million in 2016. In the previous year, dividend income was EUR 11.0 million and in 2014, EUR 2.0 million. In the last quarter, investment service companies received dividend income to the tune of EUR 1.7 million. In the previous year, dividend income in the fourth quarter remained under EUR 0.1 million.

Administrative expenses

The largest expenditure item of investment service companies was administrative expenses, which in the fourth quarter of 2016 amounted to EUR 57 million, which is EUR four million more than in the previous year. Compared with the previous quarter, administrative expenses rose by EUR 15 million. Of the administrative expenses, personnel expenses amounted to EUR 33 million, or 58 per cent of total administrative expenses. Other administrative expenses amounted to EUR 24 million, which is EUR three million more than one year previously.

On the annual level, the administrative expenses of investment service companies fell by 2.3 per cent from the previous year's EUR 198 million to EUR 193 million.

Balance sheets

The aggregate value of the balance sheets was EUR 393 million. Compared to the corresponding quarter of the previous year, the increase was EUR three million. The share of own equity in the total of the balance sheets was 62 per cent.

At the end of the fourth quarter of 2016, there were 65 investment service companies operating in Finland, of which 53 generated a positive result during the accounting year.

Source: Investment firms, Statistics Finland

Inquiries: Pekka Tamminen 029 551 2460, Jarkko Kaunisto 029 551 3551

Director in charge: Ville Vertanen

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Appendix tables

• Appendix table 1. Profit and loss accounts of investment firms 1.1.- 31.12.2016, EUR thousands (18.4.2017)
• Appendix table 2. Balance sheet of investment firms 1.1.- 31.12.2016, EUR thousands (18.4.2017)

Figures

• Appendix figure 1. Investment firms' commission income by quarter 2009-2016, EUR million (18.4.2017)
• Appendix figure 2. Investment firms commission income by quarter, 4th quarter 2005-2016, EUR million (18.4.2017)

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Updated 18.4.2017