Aktia - Financial Statement Release

Aktia Bank plc: Preliminary information about Aktia Bank's consolidated financial statements for the period 1 January - 31 December 2008

Aktia Bank plc
Stock Exchange Release
13.2.09 at 3.30 p.m.


Preliminary information about Aktia Bank's consolidated financial
statements for the period 1 January - 31 December 2008


The transfer of business that was approved by the Annual General
Meeting of Aktia Savings Bank plc on 5 June 2008 was implemented on
30 September 2008. The transfer involved transferring the banking
business of Aktia Savings Bank plc to Aktia Bank, which was
simultaneously converted into a public limited liability company.
Aktia Savings Bank plc, which owns 100 per cent of the shares in
Aktia Bank plc, ceased to conduct banking operations and has
continued as a parent company in the Aktia Group under the name Aktia
plc. The present bank Aktia Bank plc was registered on 19 March 2008
and started banking operations on 30 September 2008.


The period in short

*         The banking group's result after tax was EUR -16 million.
  This result includes write-downs of EUR 29 million in ownership of
  Aktia Life Insurance Ltd. However, banking operations showed a
  satisfactory result.
*         The balance sheet total was EUR 9,520 million.
*         Borrowing from the public amounted to EUR 3,099 million.
*         Lending to the public amounted to EUR 5,432 million.
*         Capital adequacy ratio was 13.7%.
*         Tier 1 capital ratio was 9.3%.


Information on trends

The operating profitability of the banking group is expected to
remain at a stable level in 2009, unless the risk of loan losses and
risks in connection with individual investments are increased.
A sustained good credit rating and the banking group's strengthened
capital base enable refinancing and moderate growth even in the
current market situation. Decisions may be considered on any use of
state refinancing guarantees on commercial ground.
The importance of cost effectiveness will further increase in the
current economic and competitive situation.
An escalation of the financial unrest could lead to permanent drops
of value in individual investments that are currently deemed to be of
good quality. This would have a negative effect on the banking
group's result. In addition, a requirement for higher returns among
investors may lead to a general price decrease in financial assets,
which would have a negative effect on the banking group's capital
adequacy.



AKTIA BANK PLC

For more information, please contact:
CFO Stefan Björkman, tel. +358 ( 0)10 247 6595

From:
Malin Pettersson, Head of Communications, tel. +358 (0)10 247 6369


Distribution:
Helsinki stock exchange
The media
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