Published: 29 September 2011
In the second quarter of 2011, domestic banks’ net income from financial operations amounted to EUR 852 million. Their net income from financial operations grew by 38 per cent from the respective quarter of the year before. However, compared with the previous quarter their net income from financial operations went down by two per cent. These data derive from Statistics Finland’s financial statement statistics on credit institutions.
Year-on-year change in domestic banks' net income from financial operations 38 per cent in the second quarter of 2011
In the second quarter, commission income amounted to EUR 392 million and increased by four per cent from the year before. Net gains from securities and foreign currency transactions decreased by 60 per cent when compared with the second quarter of 2010.
Recorded impairment losses on loans and other commitments amounted to EUR 49 million in the second quarter. This is 59 per cent down from the previous year.
The net operating profit of domestic banks amounted to EUR 465 million in the second quarter, which is 23 per cent more than one year earlier. The aggregate value of the balance sheets was EUR 434 billion. The balance sheets grew by eight per cent year-on-year. The share of own equity in the total of the balance sheets was 4.8 per cent.
Source: Credit institutions' annual accounts, Statistics Finland
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