2016-02-12 07:00:02 CET
2016-02-12 07:00:02 CET
REGULATED INFORMATION
Aktia Pankki Oyj - Financial Statement Release
Aktia Bank plc: Accounts Announcement 1.1-31.12.2015
Helsinki, Finland, 2016-02-12 07:00 CET (GLOBE NEWSWIRE) --
Aktia Bank plc
Accounts Announcement 1.1-31.12.2015
12.2.2016 at 8.00 a.m.
GOOD RESULT DUE TO INCREASE IN COMMISSION INCOME
CEO JUSSI LAITINEN
”Aktia achieved a good result despite the tougher market situation with
negative market interest rates and uncertainty on the capital markets at the
end of the year. We have managed to compensate for lower net interest income
through an increase in commission income. Despite the challenges faced in the
project to renew our core banking platform, we look forward to a full-scale
implementation of the system in the second half of 2016. At the beginning of
the year, Aktia was granted permission to apply IRBA, consequently our capital
adequacy rose to a high level. The strong capital adequacy enables us both to
focus on future growth and to maintain a good dividend pay-out. At present,
Aktia intensifies efforts within mobile services in order to improve
accessibility and offer first class customer service also in the future.”
OCTOBER-DECEMBER 2015: OPERATING PROFIT EUR 11.1 (12.6) MILLION
• The Group’s operating profit was EUR 11.1 (12.6) million and the profit was
EUR 8.7 (10.4) million.
• Net commission income amounted to EUR 18.9 (18.9) million. Net interest
income (NII) was EUR 23.7 (25.3) million.
• Earnings per share (EPS) was EUR 0.13 (0.14).
JANUARY-DECEMBER 2015: OPERATING PROFIT EUR 64.2 (68.3) MILLION
• The Group’s operating profit was EUR 64.2 (68.3) million and the profit was
EUR 51.6 (55.0) million.
• Net commission income strengthened by 7% to EUR 80.0 (74.9) million. Net
interest income (NII) dropped by 5% to EUR 97.3 (102.8) million.
• Earnings per share (EPS) was EUR 0.78 (0.79).
• The Board of Directors proposes a dividend of EUR 0.54 per share and a return
of capital of EUR 0.10 per share.
• The transition to IRB approach increased Aktia’s Common Equity Tier 1 capital
ratio to 20.7 (14.6)%.
• Equity per share stood at EUR 9.26 (9.39).
• Write-downs on credits and other commitments continued low and stood at EUR
-0.3 (-1.7) million.
• OUTLOOK 2016 (new, p. 15): Aktias operating profit for 2016 is expected to
reach an approximately similar level as in 2015.
KEY 4Q2015 4Q2014 ∆ % 2015 2014 ∆ % 3Q2015 ∆ % 2Q2015
1Q2015
FIGUR
ES
(EUR
milli
on)
--------------------------------------------------------------------------------
-
Net 23.7 25.3 -6% 97.3 102.8 -5% 23.8 0% 24.3
25.5
inter
est
incom
e
--------------------------------------------------------------------------------
-
Net 18.9 18.9 0% 80.0 74.9 7% 19.7 -4% 21.7
19.7
commi
ssion
incom
e
--------------------------------------------------------------------------------
-
Total 51.9 51.7 0% 208.4 212.3 -2% 49.3 5% 54.0
53.1
opera
ting
incom
e
--------------------------------------------------------------------------------
-
Total -40.5 -39.3 3% -144.4 -144.5 0% -32.4 25% -35.8
-35.7
opera
ting
expen
ses
--------------------------------------------------------------------------------
-
Write- -0.3 0.0 - -0.3 -1.7 -80% -0.5 -44% 1.5
-1.0
downs
on
credi
ts and
other
commi
tments
--------------------------------------------------------------------------------
-
Operat 11.1 12.6 -12% 64.2 68.3 -6% 16.4 -32% 19.7
17.0
ing
profi
t
--------------------------------------------------------------------------------
-
Cost-t 0.78 0.76 3% 0.69 0.68 1% 0.66 18% 0.66
0.67
o-inco
me
ratio
--------------------------------------------------------------------------------
-
Earnin 0.13 0.14 -4% 0.78 0.79 -1% 0.20 -35% 0.25
0.20
gs per
share
(EPS)
, EUR
--------------------------------------------------------------------------------
-
Equity 9.26 9.39 -1% 9.26 9.39 -1% 9.20 1% 9.05
9.59
per
share
(NAV)
1, EUR
--------------------------------------------------------------------------------
-
Return 5.4 6.0 -11% 7.9 8.3 -5% 8.0 -32% 9.6
7.5
on
equit
y
(ROE)
, %
--------------------------------------------------------------------------------
-
Common 20.7 14.6 42% 20.7 14.6 42% 20.5 1% 22.4
22.6
Equit
y Tier
1
capit
al
ratio
1, %
--------------------------------------------------------------------------------
-
Capita 27.1 19.1 42% 27.1 19.1 42% 25.8 5% 27.7
27.1
l
adequ
acy
ratio
1, %
--------------------------------------------------------------------------------
-
Write- 0.00 0.00 - 0.01 0.03 -67% 0.01 -100% -0.02
0.02
downs
on
credi
ts /
total
loan
book,
%
--------------------------------------------------------------------------------
-
Dividend per share 0.54* 0.48 13%
(*proposal from Board
of Directors)
--------------------------------------------------------------------------------
-
Return of capital per 0.10* - -
share (*proposal from
Board of Directors)
--------------------------------------------------------------------------------
-
1) At the end of the period.
Starting from the fourth quarter of 2015, the
cost-to-income ratio calculates for the whole Group. The
comparative figure have been recalculated
correspondingly.
--------------------------------------------------------------------------------
-
The Accounts Announcement January - December 2015 is a translation of
the original Swedish version ”Bokslutskommuniké 1.1-31.12.2015”. In case
of discrepancies, the Swedish version shall prevail.
--------------------------------------------------------------------------------
-
Calendar 2016:
Annual General Meeting 2016 12 April 2016
Interim report Jan - March 2016 10 May 2016
Interim report Jan - June 2016 10 August 2016
Interim report Jan - Sep 2016 17 November 2016
CEO Jussi Laitinen, tel. +358 10 247 6250
CFO Fredrik Westerholm, tel. +358 10 247 6505
Head of Investor Relations Anna Virkola-Gabrán, tel. +358 10 247 6501,
ir@aktia.fi
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