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Home BUSINESSDomestic banks' net income falls by 10%
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Fri, 08 Jul, 2016 12:07:30 AM
FTimes Report, Jul 8
 
Domestic banks' net income from financial operations and operating profit, 1st quarter 2005-2016, EUR million. Source: Credit institutions' annual accounts, Statistics Finland.
Domestic banks’ net income from financial operations went down by ten per cent and operating profit by 20 per cent in the first quarter of 2016 from the respective quarter of the year before.
 
The domestic banks’ net income from financial operations amounted to EUR 545 million, according to Statistics Finland’s financial statement statistics on credit institutions.
 
During the first quarter, the interest income amounted to EUR 1.2 billion, which is EUR 91 million less than one year previously.
 
From the previous quarter, the interest income went down by EUR 102 million.
 
Over the quarter, the interest expenses amounted to EUR 635 million. They went down by six per cent from the previous quarter, the data show.
 
The 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, the commission income went up by EUR 7 million.
 
The domestic banks’ administrative expenses amounted to EUR 622 million in the first quarter. Compared with the previous quarter, the administrative expenses fell by EUR 41 million.
 
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.
 
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