2015-05-08 07:00:00 CEST

2015-05-08 07:00:07 CEST


REGULATED INFORMATION

Aktia Pankki Oyj - Interim report (Q1 and Q3)

Aktia Bank plc: Interim report 1 January - 31 March 2015 


Helsinki, Finland, 2015-05-08 07:00 CEST (GLOBE NEWSWIRE) -- 

Aktia Bank plc
Interim report 1-3/2015
8 May 2015 at 8:00 a.m.



STRONG CAPITAL ADEQUACY ENABLES GROWTH


CEO JUSSI LAITINEN:
”Net commission income continued to grow. Net interest income was stable,
remaining at the same level as in the previous year. We have managed to keep
expenses under control and are now running tests in the new core banking
system. The final time for implementation of the system and the total project
costs will be settled after completed testing. Following the permission granted
to apply the IRB approach, the Bank Group's capital adequacy reached a record
level, enabling Aktia to implement its new growth strategy.” 

JANUARY-MARCH 2015: OPERATING PROFIT EUR 17.0 (16.4) MILLION

  -- The Group's operating profit amounted to EUR 17.0 (16.4) million and profit
     for the period amounted to EUR 13.0 (13.1) million.
  -- Net commission income strengthened by 5% to EUR 19.7 (18.8) million and
     borrowing totalled to EUR 3,903 (3,979) million. Net interest income (NII)
     was almost unchanged and amounted to EUR 25.5 (25.4) million.
  -- Earnings per share (EPS) was EUR 0.20 (0.20).
  -- Applying IRBA increased Aktia's Common Equity Tier 1 capital ratio to 22.6
     (14.6)%.
  -- Equity per share stood at EUR 9.59 (31.12.2014; 9.39).
  -- Write-downs on credits and other commitments increased from the previous
     year amounting to EUR 1.0 (0,4) million.
  -- OUTLOOK 2015 (unchanged, p. 12): Aktia's operating profit for 2015 is
     expected to reach a similar level as 2014.



KEY FIGURES           1-3/20  1-3/20   ∆ %    2014  10-12/   ∆ %    7-9/    4-6/
(EUR million)             15      14                  2014          2014    2014
--------------------------------------------------------------------------------
Net interest income     25.5    25.4    0%   102.8    25.3    1%    26.1    25.9
--------------------------------------------------------------------------------
Net commission          19.7    18.8    5%    74.9    18.9    4%    17.6    19.6
 income                                                                         
--------------------------------------------------------------------------------
Total operating         53.1    52.0    2%   212.3    51.7    3%    50.1    58.4
 income                                                                         
--------------------------------------------------------------------------------
Total operating        -35.7   -36.1   -1%  -144.5   -39.3   -9%   -32.8   -36.2
 expenses                                                                       
--------------------------------------------------------------------------------
Write-downs on          -1.0    -0.4  153%    -1.7     0.0     -    -0.5    -0.8
 credits and other                                                              
 commitments                                                                    
--------------------------------------------------------------------------------
Operating profit        17.0    16.4    3%    68.3    12.6   35%    17.3    22.0
--------------------------------------------------------------------------------
Cost-to-income ratio    0.65    0.72  -10%    0.71    0.78  -17%    0.69    0.64
--------------------------------------------------------------------------------
Earnings per share      0.20    0.20    0%    0.79    0.14   45%    0.19    0.27
 (EPS), EUR                                                                     
--------------------------------------------------------------------------------
Equity per share        9.59    8.55   12%    9.39    9.39    2%    9.27    8.96
 (NAV)1, EUR                                                                    
--------------------------------------------------------------------------------
Return on Equity         7.5     8.2   -9%     8.3     6.0   24%     8.1    11.1
 (ROE), %                                                                       
--------------------------------------------------------------------------------
Common Equity Tier 1    22.6    13.6   66%    14.6    14.6   55%    14.2    13.8
 capital ratio1, %                                                              
--------------------------------------------------------------------------------
Capital adequacy        27.1    17.3   57%    19.1    19.1   42%    18.4    17.8
 ratio1, % **                                                                   
--------------------------------------------------------------------------------
Write-downs on          0.02    0.01  100%    0.03    0.00     -    0.01    0.01
 credits / total                                                                
 loan book, %                                                                   
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1) At the end of the period.                                                    
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The  Interim Report January -March 2015 is a translation of the original        
 Swedish version ”Delårsrapport 1.1-31.3.2015”. In case of                      
 discrepancies, the Swedish version shall prevail.                              
--------------------------------------------------------------------------------



Publication of financial results in 2015:
Interim report 1-6/2015: 11 August 2015
Interim report 1-9/2015: 17 November 2015






         For additional information please contact:
         CEO Jussi Laitinen, tel +358 10 247 6250
         CFO Fredrik Westerholm, tel. +358 10 247 6505
         IR: Anna Virkola-Gabrán, tel. +358 10 247 6501
         Media: Malin Pettersson, tel. +358 10 247 6369