2014-02-12 12:00:01 CET
2014-02-12 12:00:06 CET
REGULATED INFORMATION
Aktia Pankki Oyj - Financial Statement Release
Aktia Bank plc: Accounts Announcement 1.1-31.12.2013
Helsinki, 2014-02-12 12:00 CET (GLOBE NEWSWIRE) --
Aktia Bank plc
Accounts announcement 1.1-31.12.2013
12.2.2013 at 1:00 p.m.
COMMISSION INCOME INCREASED IN A DIFFICULT MARKET SITUATION
CEO JUSSI LAITINEN
”Aktia achieved a good result. Commission income increased throughout the year
and counterbalanced the negative effects of the low interest rates. Aktia's
revised lending policy has generated results, and the write-downs on credits
decreased more than expected. Our Asset Management has received several
excellent marks during the year and the efforts in capital market activity will
continue in the course of the coming year. Action Plan 2015 advanced as
intended, and we will carry on to adapt our cost structure to the continuing
difficult market situation. The savings bank Saaristosäästöpankki is now part
of Aktia and the merger of the savings bank Vöyrin Säästöpankki is underway.
Aktia's refinancing, liquidity and capital adequacy ratio continue to be at a
good level and meet the rapidly tightening regulations”
OCTOBER - DECEMBER 2013: OPERATING PROFIT EUR 11.1 (10.4) MILLION
-- The Group's operating profit from continuing operations amounted to EUR
11.1 (10.4) million.
-- Profit for the period from continuing operations amounted to EUR 11.9 (6.3)
million.
-- Earnings per share stood at EUR 0.18 (0.09).
-- Net interest income totalled EUR 27.3 (29.3) million and net commission
income increased to EUR 17.8 (16.0) million.
-- Write-downs on credits and other commitments decreased by 39% to EUR 1.1
(1.7) million.
JANUARY - DECEMBER 2013: OPERATING PROFIT EUR 65.4 (56.0) MILLION
-- The Group's operating profit from continuing operations amounted to EUR
65.4 (56.0) million.
-- Profit for the period from continuing operations amounted to EUR 52.4
(40.3) million.
-- Earnings per share stood at EUR 0.78 (0.74), of which earnings per share
from continuing operations were EUR 0.78 (0.59).
-- The Board of Directors proposes a dividend of 0.42 (0.36) euro per share.
-- The capital adequacy ratio stood at 19.3 (31 December 2012: 20.2)% and the
Tier 1 capital ratio at 12.3 (11.8)%.
-- Equity per share stood at EUR 8.67 (31 December 2012: 8.91).
-- Net interest income totalled EUR 112.6 (117.3) million and net commission
income increased to EUR 70.7 (65.3) million.
-- Write-downs on credits and other commitments decreased by 57% to EUR 2.7
(6.4) million.
-- OUTLOOK 2014 (new): Despite the persistent low interest rate level, the
Group's operating profit for 2014 is expected to reach approximately the
2013 level.
KEY FIGURES 10-12/ 10-12/ ∆ % 2013 2012 ∆ % 7-9/ 4-6/ 1-3/
(EUR 2013 2012 2013 2013 2013
million)
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Net interest 27.3 29.3 -7% 112.6 117.3 -4% 26.9 28.3 30.1
income
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Net 17.8 16.0 12% 70.7 65.3 8% 17.4 18.6 16.9
commission
income
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Total 57.3 58.4 -2% 224.2 217.9 3% 53.6 55.7 57.5
operating
income
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Total -45.9 -46.0 0% -157.2 -154.2 2% -34.6 -39.2 -37.5
operating
expenses
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Operating 12.2 12.1 1% 68.1 62.4 9% 19.8 15.5 20.6
profit
before
write downs
on credits,
continuing
operations
--------------------------------------------------------------------------------
Write-downs -1.1 -1.7 -39% -2.7 -6.4 -57% -0.2 -0.4 -1.1
on credits
and other
commitments
--------------------------------------------------------------------------------
Operating 11.1 10.4 7% 65.4 56.0 17% 19.6 15.1 19.5
profit from
continuing
operations
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Cost-to-inco 0.87 0.89 -2% 0.72 0.74 -3% 0.66 0.70 0.67
me ratio
--------------------------------------------------------------------------------
Earnings per 0.18 0.09 91% 0.78 0.74 6% 0.22 0.16 0.22
share
(EPS), EUR
--------------------------------------------------------------------------------
Equity per 8.67 8.91 -3% 8.67 8.91 -3% 8.52 8.34 9.02
share
(NAV)1, EUR
--------------------------------------------------------------------------------
Return on 7.5 3.9 92% 8.1 8.5 -5% 9.4 6.9 8.9
equity
(ROE), %
--------------------------------------------------------------------------------
Capital 19.3 20.2 -4% 19.3 20.2 -4% 19.1 20.3 20.0
adequacy
ratio1, %
--------------------------------------------------------------------------------
Tier 1 12.3 11.8 5% 12.3 11.8 5% 12.2 12.1 11.7
capital
ratio1, %
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Write-downs 0.02 0.02 0% 0.04 0.09 -56% 0.00 0.01 0.02
on credits
/ total
credit
stock, %
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1) At the end of the period
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The Accounts Announcement January-December 2013 is a translation of the original
Swedish version ”Bokslutskommuniké 1.1-31.12.2013”. In case of discrepancies,
the Swedish version shall prevail.
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Calendar 2014:
7 April 2014 Annual General Meeting
6 May 2014 Interim report Jan-March 2014
5 August 2014 Interim report Jan-June 2014
4 November 2014 Interim report Jan-Sep 2014
CEO Jussi Laitinen, tel. +358 10 247 6250
CFO Fredrik Westerholm, tel. +358 10 247 6505
IR Anna Gabrán, tel. +358 10 247 6501
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