Banks did well in 2003

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Title: Banks did well in 2003
Author: Toivanen, Mervi
Series: Bank of Finland. Financial market report
Series number: 1
Year of publication: 2004
Publication date: 24.3.2004
Pages: 6-7
Keywords: Suomi; tuotot; kannattavuus; pankkitoiminta;
Abstract: Net operating profit of banks (excl. Nordea) improved in 2003. Although banks' net interest income declined in response to lower market rates and narrower interest rate margins, an improvement in other income bolstered the results. The trend in expenses varied across banking groups but, in the aggregate, expenses remained almost un-changed from 2002. Capital adequacy continues to be sound.

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