Home > Statistics > Investment service companies > 2020 > 3rd quarter > Investment service companies’ commission income and operating profit increased in the third quarter of 2020

Published: 17 December 2020

Investment service companies’ commission income and operating profit increased in the third quarter of 2020

The net operating profit of investment service companies was EUR 48 million in the third quarter of 2020. EUR 18 million more operating profit was accumulated than in the corresponding quarter last year. Commission income increased by EUR 27 million to EUR 118 million. These data derive from Statistics Finland’s statistics on investment service companies.

Investment service companies’ operating profit by quarter in 2014 to 2020, 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 118 million in the third quarter of 2020. Growth compared to the corresponding period of last year amounted to EUR 27 million, or 30.4 per cent. Commission expenses amounted to EUR 31 million, which is EUR 10 million more than in the corresponding quarter in 2019.

Administrative expenses

In the third quarter of 2020, investment service companies had in total EUR 41 million in administrative expenses, which corresponds with the amount of administrative expenses in the corresponding quarter of 2019. Personnel expenses amounted to EUR 23 million, or some 56 per cent of administrative expenses. Personnel expenses were around EUR one million higher than in the year before.

Balance sheets

At the end of the third quarter of 2020, the aggregate value of the balance sheets was EUR 387 million. The growth from EUR 343 million in the third quarter of 2019 was about 13 per cent. The share of equity of the balance sheet total in turn grew from 0.1 per cent in the previous year to 69.7 per cent.

At the end of the third quarter of 2020, there were 50 investment service companies operating in Finland, of which 32 generated a positive operating result.

Source: Investment firms, Statistics Finland

Inquiries: Jukka-Pekka Pyylampi 029 551 3002, Heidi Lauttamäki 029 551 3029

Head of Department in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Profit and loss accounts of investment firms 1.1.- 30.9.2020, EUR thousands (17.12.2020)
• Appendix table 2. Balance sheet of investment firms 1.1.- 30.9.2020, EUR thousands (17.12.2020)

Figures

• Appendix figure 1. Investment firms' commission income by quarter 2014-2020, EUR million (17.12.2020)
• Appendix figure 2. Investment firms commission income by quarter, 3rd quarter 2014-2020, EUR million (17.12.2020)

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Updated 17.12.2020