Home > Statistics > Financial statement statistics on credit institutions > 2014 > 2nd quarter > Domestic banks' net income from financial operations contracted by 5 per cent in the second quarter of 2014

Published: 8 October 2014

Domestic banks' net income from financial operations contracted by 5 per cent in the second quarter of 2014

In the second quarter of 2014, domestic banks' net income from financial operations amounted to EUR 603 million. Their net income from financial operations fell by five per cent from the respective quarter of the year before. Compared with the previous quarter, the net income from financial operations went down by eight per cent. These data derive from Statistics Finland’s financial statement statistics on credit institutions.

Domestic banks' interest income and commission income by quarter, 2nd quarter

Over the quarter, interest income amounted to EUR 1.4 billion, which is EUR 20 million more than one year previously. From the previous quarter, interest income went down by EUR 10 million. The interest expenses of domestic banks also increased. Over the quarter, interest expenses amounted to EUR 757 million, which is 13 per cent more than one year previously. From the previous quarter, interest expenses grew by six per cent.

In the second quarter, commission income amounted to EUR 431 million and increased by one per cent from the year before. Compared to the previous quarter, commission income went down by 10 per cent.

The administrative expenses of domestic banks amounted to EUR 605 million in the second quarter, which is the same amount as one year earlier. From the previous quarter, administrative expenses went down by EUR 19 million.

Operating profit amounted to EUR 1,037 million in the second quarter, which was EUR 391 million more than one year earlier and EUR 283 million more than in the first quarter. The growth in operating profit was affected by non-recurring sales gains from securities received by co-operative banks. The aggregate value of the balance sheets was EUR 475 billion. The balance sheets grew by 3.3 per cent year-on-year. The share of own equity in the total of the balance sheets was 4.4 per cent.

Source: Credit institutions' annual accounts, Statistics Finland

Inquiries: Hilkka Jaatinen 029 551 3630, Kristiina Nieminen 029 551 2957, rahoitusmarkkinat@stat.fi

Director in charge: Leena Storgårds

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Appendix tables

• Appendix table 1. Profit and loss accounts of domestic banks 1.1.- 30.6.2014, EUR thousands (8.10.2014)
• Appendix table 2. Balance sheets of domestic banks 1.1.- 30.6.2014, EUR thousands (8.10.2014)
• Appendix table 3. Itemisation of interest income and expenses of domestic deposit banks 1.1.- 30.6.2014, EUR thousands (8.10.2014)
• Appendix table 4. Itemisation of commission income and expenses of domestic deposit banks 1.1.- 30.6.2014, EUR thousands (8.10.2014)
• Appendix table 5. Itemisation of domestic deposit banks' administrative expenses 1.1.- 30.6.2014, EUR thousands (8.10.2014)

Figures

• Appendix figure 1. Domestic banks' net operating profit by quarter (8.10.2014)
• Domestic banks net income from financial operations and operating profit, 2nd quarter (8.10.2014)

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Updated 8.10.2014