Quarterly ROE of the banking industry in Finland 2014-2023
Between 2014 and 2023, the return on equity (ROE) of the banking industry in Finland fluctuated significantly. A notable drop in the ROE occurred in the second quarter of 2020 due to weak economic conditions caused by the COVID-19 pandemic. After this sharp decline, the ROE stabilized in the following quarters, until another sharp drop in the first quarter of 2022. In the second quarter of 2023, the ROE of the banking industry in Finland stood at 14.4 percent.