EUR million 1 Jan−31 Dec 2022 1 Jan−31 Dec 2021
1 Interest income 1,125 981
2 Interest expense -666 -323
3 NET INTEREST INCOME 459 658
4 Foreign exchange rate differences 59 5
5 Securities price differences 19 44
6 Valuation losses related to currencies and securities -244 -28
7 Change in foreign exchange rate and price difference provision 165 -21
NET RESULT OF FINANCIAL OPERATIONS, WRITE-DOWNS AND RISK PROVISIONS 458 658
8 Income and expenses on fees and commissions -6 -5
9 Net result of pooling of monetary income -422 -483
10 Share in ECB profit 1 7
11 Income from other equity shares and participating interests 4 9
CENTRAL BANKING PROFIT 35 186
12 Other income 44 44
Operating expenses -126 -120
13 Staff costs -62 -61
14 Pension fund contribution -10 -10
15 Administrative expenses -38 -35
16 Depreciation of fixed assets -10 -9
17 Banknote production services -6 -5
18 Other expenses -0 -0
OPERATING PROFIT -47 110
Profit for the pension fund
19 Income of the pension fund 31 31
20 Expenses of the pension fund -31 -31
21 Changes in provisions 47 -58
22 PROFIT FOR THE YEAR 52

Helsinki, 28 February 2023

THE BOARD OF THE BANK OF FINLAND

Olli Rehn, Governor

Marja Nykänen, Deputy Governor

Tuomas Välimäki, Member of the Board