A more recent publication of this set of statistics is available.

Latest publication: Financial statement statistics on credit institutions 2020, 4th quarter

Published: 17 December 2020

Net income from financial operations and operating profit of banks operating in Finland increased in the third quarter of 2020

In the third quarter of 2020, the net income from financial operations of credit institutions engaged in banking in Finland amounted to EUR 1.2 billion and their operating profit to EUR 0,8 billion. These data derive from Statistics Finland’s financial statement statistics on credit institutions.

Net income from financial operations and operating profit of banks operating in Finland, 3rd quarter 2005 to 2020, EUR million

Net income from financial operations and operating profit of banks operating in Finland, 3rd quarter 2005 to 2020, EUR million

Interest income and expenses

In the third quarter of 2020, credit institutions engaged in banking in Finland accumulated EUR 1,582 million in interest income. Their interest expenses, in turn, amounted to EUR 424 million. The net income from financial operations calculated as the difference between these was EUR 1,158 million, which was around EUR 100 million more than one year earlier. Net income went down by EUR 13 million from the previous quarter.

Administrative expenses

Administrative expenses are a significant expense item for banks operating in Finland. In the third quarter, banks had EUR 1,295 million in administrative expenses, which was EUR 58 million less than in the corresponding quarter of the year before. Wages and salaries made up EUR 777 million or 60 per cent of administrative expenses.

Operating profit/loss

The operating profit, or profit from continuing operations before taxes, was EUR 793 million in the third quarter of 2020. The operating profit grew by EUR 289 million from the previous quarter, which was weakened particularly by reductions in value directed to profit and loss account items and credit loss reserves.

Balance sheet

The aggregate value of the balance sheets of banks was EUR 744 billion. Of this, the share of equity was, on average, six per cent or around EUR 45 billion. Cooperative banks belonging to OP Financial Group had the biggest share of equity in the balance sheet, around 11.1 per cent, and foreign banks the smallest, around 0.4 per cent. On average, the share of equity in the aggregate of the balance sheets for all banks operating in Finland grew by 0.2 percentage points from one year back.


Source: Credit institutions' annual accounts, Statistics Finland

Inquiries: Jukka-Pekka Pyylampi 029 551 3002, Heidi Lauttamäki 029 551 3029, rahoitusmarkkinat@stat.fi

Head of Department in charge: Mari Ylä-Jarkko

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Updated 17.12.2020

Referencing instructions:

Official Statistics of Finland (OSF): Financial statement statistics on credit institutions [e-publication].
ISSN=2342-5180. 3rd quarter 2020. Helsinki: Statistics Finland [referred: 18.5.2021].
Access method: http://www.stat.fi/til/llai/2020/03/llai_2020_03_2020-12-17_tie_001_en.html