Banks did well in 2003
Toivanen, Mervi (24.03.2004)
JulkaisusarjaBank of Finland. Financial Market Report
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201408074831
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.