Home > Statistics > Financial statement statistics on credit institutions > 2012 > 3rd quarter > Domestic banks' net income from financial operations contracted from the previous year in the third quarter of 2012

Published: 11 December 2012

Domestic banks' net income from financial operations contracted from the previous year in the third quarter of 2012

In the third quarter of 2012, domestic banks’ net income from financial operations amounted to EUR 599 million. Their net income from financial operations fell by 30 per cent from the respective quarter of the year before. In contrast, compared to the previous quarter their net income from financial operations went up by 45 per cent. These data derive from Statistics Finland’s financial statement statistics on credit institutions.

Year-on-year change in domestic banks' net income from financial operations by quarter, %

The contraction in net income from financial operations from the previous year is mainly explained by the fall in the interest income of domestic banks. Over the quarter, interest income amounted to EUR 1.7 billion, which is EUR 314 million less than one year previously. From the previous quarter, interest income went down by EUR 138 million. The interest expenses of domestic banks also declined. Over the quarter, interest expenses amounted to EUR 1.1 billion, which is EUR 58 million less than one year previously. From the previous quarter, interest expenses went down by EUR 323 million. Of interest expenses in the third quarter, EUR 400 million concerned derivative instruments and other liabilities held for trading.

In the third quarter, the commission income of domestic banks amounted to EUR 386 million and increased by close on three per cent from the year before. Compared to the previous quarter, commission income went down by nearly six per cent. At the end of the quarter, net gains from securities and foreign currency transactions totalled EUR 353 million.

Recorded impairment losses on loans and other commitments amounted to EUR 104 million in the third quarter.

The net operating profit of domestic banks was EUR 522 million in the third quarter, which is seven per cent more than one year earlier. From the previous quarter, net operating profit diminished by 17 per cent. The aggregate value of the balance sheets was EUR 539 billion. The balance sheets grew by close on five per cent year-on-year. The share of own equity in the total of the balance sheets was 4.1 per cent.

Source: Credit institutions' annual accounts, Statistics Finland

Inquiries: Marja Keltanen 09 1734 3328, Susanna Laine 09 1734 3317, rahoitusmarkkinat@stat.fi

Director in charge: Ari Tyrkkö

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Updated 11.12.2012