Income Statement Statistics – Q3 2015

21 Dec 2015 News Categories

View information release with charts and related data tables.

Total Operating Income1

  • In Q3 2015, banking offices resident in Ireland reported total operating income of €2.3 billion, a decrease of 4 per cent since Q3 2014.
  • In Q3 2015, banking offices resident in Ireland reported total profits of €1 billion.
  • Interest income received from loans and deposits accounted to €1.4 billion, or 61 per cent, of total operating income.
  • Since Q3 2014, account fees and charges have increased by 8 per cent to €134 million.

Income Statement

Total interest income from loans and deposits totalled €1.4 billion during Q3 2015, a decrease of 10 per cent since Q3 2014. Domestic market2 banks accounted for €1.1 billion of total interest income from loans and deposits (Chart 1).

Since Q4 2012, interest payable on loans and deposits has fallen by 72 per cent to €408 million in Q3 2015. Both domestic market banks and IFSC banks experienced large declines in this category with the former falling by 77 per cent and the latter falling by 53 per cent (Chart 2). The fall in both interest income and interest expenses reflects lower market rates and deleveraging in the banking sector. General expenses and other operating costs totalled €1.2 billion in Q3 2015. Wages and salaries, which are the primary driver of general expenses, accounted for €588 million during Q3. Domestic market banks accounted for €455 million of total wages and salaries (Chart 3).

In Q3 2015, banking offices resident in Ireland reported total profit3 after interest and tax of €1 billion.

Further information

The data and explanatory notes can be accessed here

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

2 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.

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