Home > Statistics > Financial statement statistics on credit institutions > 2016 > 1st quarter > Domestic banks' net income from financial operations decreased by 10 per cent and operating profit by 20 per cent in the first quarter of 2016

Published: 7 July 2016

Domestic banks' net income from financial operations decreased by 10 per cent and operating profit by 20 per cent in the first quarter of 2016

In the first quarter of 2016, domestic banks’ net income from financial operations amounted to EUR 545 million. Their net income from financial operations contracted by ten per cent and operating profit by 20 per cent from the respective quarter of the year before. These data derive from Statistics Finland’s financial statement statistics on credit institutions.

Domestic banks' net income from financial operations and operating profit, 1st quarter 2005-2016, EUR million

Interest income and expenses

During the first quarter, interest income amounted to EUR 1.2 billion, which is EUR 91 million less than one year previously. From the previous quarter, interest income went down by EUR 102 million. Over the quarter, interest expenses amounted to EUR 635 million. Interest expenses went down by six per cent from the previous quarter.

Commission income

Commission income amounted to EUR 466 million in the first quarter, which is almost the same as one year earlier. Compared to the previous quarter, commission income went up by EUR 7 million.

Administrative expenses

In the first quarter of 2016, domestic banks’ administrative expenses amounted to EUR 622 million. Compared with the previous quarter, administrative expenses declined by EUR 41 million.

Balance sheet

The aggregate value of the balance sheets was EUR 515 billion. The balance sheet was eight per cent down from one year ago. The share of own equity in the total of the balance sheets was five per cent.

Source: Credit institutions' annual accounts, Statistics Finland

Inquiries: Kerttu Helin 029 551 3330, Sari Kuisma 029 551 2645, rahoitusmarkkinat@stat.fi

Director in charge: Ville Vertanen

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Appendix tables

• Appendix table 1. Profit and loss accounts of domestic banks 1.1.- 31.3.2016, EUR thousands (7.7.2016)
• Appendix table 2. Balance sheets of domestic banks 1.1.- 31.3.2016, EUR thousands (7.7.2016)
• Appendix table 3. Itemisation of interest income and expenses of domestic deposit banks 1.1.- 31.3.2016, EUR thousands (7.7.2016)
• Appendix table 4. Itemisation of commission income and expenses of domestic deposit banks 1.1.- 31.3.2016, EUR thousands (7.7.2016)
• Appendix table 5. Itemisation of domestic deposit banks' administrative expenses 1.1.- 31.3.2016, EUR thousands (7.7.2016)

Figures

• Appendix figure 1. Domestic banks' interest income and commission income by quarter, 1st quarter 2005-2016, EUR million (7.7.2016)
• Appendix figure 2. Domestic banks net operating profit by quarter 2009-2016, EUR million (7.7.2016)

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Updated 7.7.2016