Home > Statistics > Investment service companies > 2016 > 3rd quarter > Net operating profit of investment service companies grew from the previous year's July to September

Published: 22 December 2016

Net operating profit of investment service companies grew from the previous year's July to September

The net operating profit of investment service companies was EUR 46 million in the third quarter of 2016. The net operating profit increased by EUR 15 million compared to the corresponding quarter last year. Compared to the previous quarter, EUR 19 million more net operating profit was accumulated. These data derive from Statistics Finland’s statistics on investment service companies.

Investment firms’ net operating profit by guarter 2009–2016, EUR million

Commission income and expenses

In the third quarter, investment service companies accrued a total of EUR 94 million in commission income, which is EUR 13 million less than in the corresponding period of 2015. Commission income remained on level with the previous quarter. Commission expenses were EUR 24 million, which is on level with the corresponding period of last year and the second quarter of present year.

Interest income and expenses

In the third quarter, interest income amounted to EUR 0.2 million, which is 53.1 per cent less than one year earlier and 18.8 per cent less than in the previous quarter. Interest expenses were EUR 0.1 million in the third quarter and they fell by 50 per cent from the previous year's corresponding quarter. Compared with the previous quarter, interest expenses went down by 1.2 per cent.

Administrative expenses

The largest expenditure item of investment firms was administrative expenses, which in the third quarter of 2016 amounted to EUR 42 million, which is EUR 18 million less than in the previous year. Compared with the previous quarter, administrative expenses fell by EUR four million. Of the administrative expenses, personnel expenses amounted to EUR 25 million, or 59 per cent of total administrative expenses. Other operating expenses amounted to EUR 17 million, which is EUR 10 million less than one year previously.

Balance sheets

The aggregate value of the balance sheets was EUR 383 million. The balance sheets grew by 10.7 per cent year-on-year. The share of own equity in the total of the balance sheets was 64.6 per cent.

At the end of the third quarter of 2016, there were 64 investment service companies operating in Finland, of which 41 generated a positive operating result.

Source: Investment firms, Statistics Finland

Inquiries: Jarkko Kaunisto 029 551 3551, Anu Karhu 029 551 3325

Director in charge: Ville Vertanen

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Appendix tables

• Appendix table 1. Profit and loss accounts of investment firms 1.1.- 30.9.2016, EUR thousands (22.12.2016)
• Appendix table 2. Balance sheet of investment firms 1.1.- 30.9.2016, EUR thousands (22.12.2016)

Figures

• Appendix figure 1. Investment firms' commission income by quarter 2009-2016, EUR million (22.12.2016)
• Appendix figure 2. Investment firms commission income by quarter, 3rd quarter 2005-2016, EUR million (22.12.2016)

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Updated 22.12.2016