Aktia Pankki Oyj - Company Announcement

Aktia Bank plc aims to apply for concession as mortgage bank

Stock Exchange Release
12.9.2012 at 9.45 a.m.

Helsinki, Finland, 2012-09-12 08:45 CEST (GLOBE NEWSWIRE) -- 



Aktia Bank plc aims to apply for concession as mortgage bank

The renewed Act on Mortgage Credit Banks enables deposit banks, such as Aktia
Bank, to issue covered bonds directly from the banks' balance sheets. 

The new Act on Mortgage Credit Banks enables a considerably more cost-effective
credit process. Aktia Bank aims to apply for concession as mortgage bank from
the Financial Supervisory Authority in 2013. At present, Aktia is improving
efficiency of processes and working methods in Aktia Group as a whole. 

Following changed regulation, it is more favourable for Aktia Bank to issue
covered bonds directly than the current arrangement with issues through a
separate mortgage bank, the subsidiary Aktia Real Estate Mortgage Bank plc. For
more than 10 years, Aktia Bank has successfully used covered bonds issued
through Aktia Real Estate Mortgage Bank as source of financing. Aktia Real
Estate Mortgage Bank is co-owned by Aktia Bank, savings banks and POP Banks. 

For now, the owners of Aktia Real Estate Mortgage Bank grant new loans from
their respective balance sheets, and the activities of Aktia Real Estate
Mortgage Bank will focus on the management and re-financing of the current
credit stock. 

All owners of Aktia Real Estate Mortgage Bank are also in future responsible
for capitalization and senior financing of the bank in accordance with the
current shareholders' agreement. Aktia Bank offers its subsidiary Aktia Real
Estate Mortgage Bank's liquidity limits, and aims to manage the mortgage bank
activities in a way that secures the interests of financiers and investors of
Aktia Real Estate Mortgage Bank. 



AKTIA BANK PLC

For more information, please contact:
Stefan Björkman, Deputy Managing Director, CFO, tel. +358 10 247 63219

From:
Anna Gabrán, Investor Relations Manager, tel. +358 10 247 6501, +358 40 708 1807



Distribution:
Nasdaq OMX Helsinki Oy
Centrala massmedier
www.aktia.fi