HELSINKI: Domestic banks’ net income from financial operations amounted to EUR 603 million in the fourth quarter of 2015, which was eight per cent less than in the respective quarter of the year before. Compared to the previous quarter, the growth amounted to 0.4 per cent, according to the data derived from Statistics Finland’s financial statement statistics on credit institutions.
During the fourth quarter, interest income amounted to EUR 1.3 billion, which was EUR 54 million less than one year previously. From the previous quarter, the interest income went up by EUR 55 million. Interest expenses remained at previous year’s level at EUR 678 million. The interest expenses grew by eight per cent from the previous quarter.
Commission income amounted to EUR 459 million in the fourth quarter, which was five per cent less than one year earlier. Compared with the previous quarter, the commission income went up by one per cent. Domestic banks’ administrative expenses remained at previous year’s level at EUR 663 million. Compared with the previous quarter, the administrative expenses grew by EUR 97 million.
The net operating profit amounted to EUR 421 million in the fourth quarter, which was 18 per cent or EUR 95 million less than one year earlier. The aggregate value of the balance sheets was EUR 482 billion. The balance sheet was six per cent down from one year ago, the data show. The share of own equity in the total of the balance sheets was 5.5 per cent.
