Home > Statistics > Investment service companies > 2021 > 2nd quarter > Investment service companies’ commission income and operating profit continued to grow in the second quarter of 2021

Published: 21 October 2021

Investment service companies’ commission income and operating profit continued to grow in the second quarter of 2021

Corrected on 22 December 2021. The corrections are indicated in red.

The net operating profit of investment service companies was EUR 73 million in the second quarter of 2021. EUR 48 million more operating profit was accumulated than in the corresponding quarter of the previous year. Commission income increased by EUR 60 million to EUR 148 million from one year ago. These data derive from Statistics Finland’s statistics on investment service companies.

Investment service companies’ operating profit by quarter in 2014 to 2021, EUR million (The figure was corrected  on 22 December 2021.)

Investment service companies offer their customers services related to investment services such as investment advisory services, asset management, and reception, intermediation and implementation of trading assignments in monetary instruments. Commission income and expenses are the main items related to investment service companies’ income and expenses in the profit and loss account. In addition to commission income and expenses, operating profit is considerably affected by administrative expenses. In some cases, other items, such as profit or loss from non-current assets classified as held for sale, can have a major impact on profit for the financial period.

Commission income and expenses

Commission income totalled EUR 148 million in the second quarter of 2021. Growth compared to the corresponding period of last year amounted to some EUR 60 million. Commission expenses amounted to EUR 42 million, which is around EUR 20 million more than in the corresponding quarter one year before.

Administrative expenses

In the second quarter of 2021, investment service companies had in total EUR 51 million in administrative expenses, which is EUR seven million more than in the corresponding quarter last year. Personnel expenses amounted to EUR 33 million, or 65 per cent of administrative expenses. Personnel expenses went up by EUR seven million from the previous year.

Balance sheets

At the end of the second quarter, the aggregate value of the balance sheets was EUR 424 million. Compared with the corresponding quarter of the previous year, the increase was 25.4 per cent, or around EUR 86 million. The share of equity of the balance sheet total grew by 2.39 per cent from one year ago to 71.9 per cent.

At the end of the second quarter of 2021, there were 52 investment service companies operating in Finland, 36 of which generated a positive operating result.

Source: Investment firms, Statistics Finland

Inquiries: Jukka-Pekka Pyylampi 029 551 3002, Matias Hämäläinen 029 551 3737

Head of Department in charge: Katri Kaaja

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Appendix tables

• Appendix table 1. Profit and loss accounts of investment firms 1.1.- 30.6.2021, EUR thousands (Appendix table was corrected on 22 December 2021.) (21.10.2021)
• Appendix table 2. Balance sheet of investment firms 1.1.- 30.6.2021, EUR thousands (Appendix table was corrected on 22 December 2021.) (21.10.2021)

Figures

• Appendix figure 1. Investment firms' commission income by quarter 2014-2021, EUR million (21.10.2021)
• Appendix figure 2. Investment firms commission income by quarter, 2nd quarter 2014-2021, EUR million (The figure was corrected  on 22 December 2021.) (21.10.2021)

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Updated 01.07.2021