Bank of Finland reports zero profit again due to interest expenses on deposits

Bank of Finland reports zero profit again due to interest expenses on deposits

The Bank of Finland ended its 2024 financial year with no profit, repeating the result from the previous year, as rising interest expenses on central bank deposits continued to weigh on earnings. The bank posted an operating loss of €1.03 billion, which was fully offset by reducing existing financial provisions. The Parliamentary Supervisory Council confirmed the financial statements on Thursday, based on the proposal from the Bank’s Board.