Home > Statistics > Investment service companies > 2021 > 3rd quarter > Investment service companies’ commission income and operating profit continued to grow in the third quarter of 2021

Published: 16 December 2021

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

The net operating profit of investment service companies was EUR 60 million in the third quarter of 2021. EUR 13 million more operating profit was accumulated than in the corresponding quarter of the previous year. Commission income increased by EUR 38 million to EUR 155 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

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 155 million in the third quarter of 2021. Growth compared to the corresponding period of last year amounted to some EUR 38 million. Commission expenses amounted to EUR 45 million, which is around EUR 13 million more than in the corresponding quarter one year before.

Administrative expenses

In the third quarter of 2021, investment service companies had in total EUR 44 million in administrative expenses, which is EUR three million more than in the corresponding quarter last year. Personnel expenses amounted to EUR 26 million, or 60 per cent of administrative expenses. Personnel expenses went up by EUR three million from the previous year.

Balance sheets

At the end of the third quarter, the aggregate value of the balance sheets was EUR 490 million. Compared with the corresponding quarter of the previous year, the increase was 26.6 per cent, or around EUR 103 million. The share of equity of the balance sheet total grew by 5.7 percentage points from one year ago to 74.4 per cent.

At the end of the third quarter of 2021, there were 50 investment service companies operating in Finland, of which 39 generated a positive operating result.

Source: Investment firms, Statistics Finland

Inquiries: Leevi Suppanen 029 551 3087, 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.- 30.9.2021, EUR thousands (16.12.2021)
• Appendix table 2. Balance sheet of investment firms 1.1.- 30.9.2021, EUR thousands (16.12.2021)

Figures

• Appendix figure 1. Investment firms' commission income by quarter 2014-2021, EUR million (16.12.2021)
• Appendix figure 2. Investment firms commission income by quarter, 3rd quarter 2014-2021, EUR million (16.12.2021)

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Updated 16.12.2021