EUR million 1 Jan−31 Dec 2023 1 Jan−31 Dec 2022
1 Interest income 3,880 1,125
2 Interest expense -4,924 -666
3 NET INTEREST INCOME -1,044 459
4 Foreign exchange rate differences 161 59
5 Securities price differences 36 19
6 Valuation losses related to currencies and securities -70 -244
7 Change in foreign exchange rate and price difference provision -140 165
NET RESULT OF FINANCIAL OPERATIONS, WRITE-DOWNS AND RISK PROVISIONS -1,057 458
8 Income and expenses on fees and commissions -7 -6
9 Net result of pooling of monetary income 33 -422
10 Share in ECB profit – 1
11 Income from other equity shares and participating interests 4 4
CENTRAL BANKING PROFIT -1,027 35
12 Other income 47 44
Operating expenses -132 -126
13 Staff costs -65 -62
14 Pension fund contribution -10 -10
15 Administrative expenses -42 -38
16 Depreciation of fixed assets -10 -10
17 Banknote production services -4 -6
18 Other expenses -0 -0
OPERATING PROFIT -1,112 -47
Profit for the pension fund – –
19 Income of the pension fund 33 31
20 Expenses of the pension fund -33 -31
21 Changes in provisions 1,112 47
22 PROFIT FOR THE YEAR – –

Helsinki, 27 February 2024


THE BOARD OF THE BANK OF FINLAND

Olli Rehn, Governor

Marja Nykänen, Deputy Governor

Tuomas Välimäki, Member of the Board