Income Statement Statistics – Q2 2015

View information release with charts and related data tables.

The Central Bank is today introducing a new quarterly release on operating income and expenses of banking offices resident in Ireland, with data available from Q4 2012¹. The income statement data is collected as part of the Locational Banking Statistics by means of a quarterly statistical return submitted by all resident banking offices.

Total Operating Income ²

• In Q2 2015, banking offices resident in Ireland reported total operating income of €2.4 billion, a decrease of 17 per cent since Q2 2014.
• Interest income received from loans and deposits accounted for €1.4 billion, or 58 per cent, of total operating income. Non-interest income now accounts for 42 per cent of operating income compared to just over 20 per cent in Q4 2012.
• Since Q2 2014, account fees and charges have increased by 14 per cent to €135 million.
• In Q2 2015, banking offices resident in Ireland reported total profits of €1.9 billion.

Income Statement

Total interest income from loans and deposits totaled €1.4 billion during the second quarter of 2015, a decrease of 37 per cent since Q4 2012. Domestic market³ banks accounted for €1.1 billion, or 84 per cent, of total interest income from loans and deposits (Chart 1).

Since Q4 2012, interest payable on loans and deposits has fallen by 70 per cent to €442 million. Over the last year, both bank types experienced large declines in this category with domestic market banks falling by 74 per cent and IFSC banks falling by 52 per cent (Chart 2).

General expenses and other operating costs totalled €1.3 billion in Q2 2015 (Chart 4). Wages and salaries, which are the primary driver of general expenses were €587 million during Q2. Domestic market banks accounted for €452 million, or 77 per cent of total wages and salaries.

In Q2 2015, banking offices resident in Ireland reported total profit⁴ after interest and tax of €1.9 billion.

Further information

The data and explanatory notes can be accessed here.
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¹ Comprises all banks resident in Ireland, please note Credit Unions are excluded from these statistics.

² Other comprises of finance lease interest income, operating lease income and other income not elsewhere classified.

³ Domestic market banks are banks that have a significant level of retail business with Irish households and NFCs, and would exclude the more internationally focused banks in the IFSC. A full list of these institutions is available on the Central Bank of Ireland website. Credit Unions are excluded from this set of statistics.

⁴ Profit reported is based on statistical methodology and may differ from profit calculated using accounting methodology.