Aktia Pankki Oyj vanha jvk - Interim report (Q1 and Q3)

Aktia Bank plc: Interim Report 1 January - 30 June 2013

Aktia Bank plc                                  
                      Interim Report January - June 2013                        
                     nEW PARENT COMPANY FOR the AKTIA GROUP                     

As from 1 July 2013, Aktia Bank plc is the new listed parent company for the    
Aktia Group. The former parent company of the Aktia Group, Aktia plc, merged    
with its subsidiary on 1 July 2013 and was de-listed from the NASDAQ OMX        
Helsinki exchange. The activities carried out by Aktia Bank plc after the merger
are the same and equivalent to the totality operated by Aktia plc up to 30 June 
2013. To gain an overall picture of the Aktia Group's profits and financial     
position in the period January-June 2013, this interim report should be read    
alongside Aktia plc's interim report for January-June 2013.                     
april-junE 2013: OPERATING PROFIT EUR 14.0 (13.0) milLION                       
The Bank Group's operating profit improved to EUR 14.0 (13.0) million.          
Profit for the period totalled EUR 10.5 (9.8) million.                          
Earnings per share stood at EUR 3.4 (3.2) million.                              
Net interest income totalled EUR 28.1 (29.5) million.                           
Write-downs on credits and other commitments decreased by 56% to EUR 0.4 (1.0)  
million.                                                                        
January-june 2013: OPERATING PROFIT eur 29.4 (25.4) milLION                     
The Bank Group's operating profit amounted to EUR 29.4 (25.4) million.          
Profit for the period totalled EUR 22.2 (18.9) million.                         
Earnings per share stood at EUR 7.3 (6.1) million.                              
The capital adequacy ratio stood at 20.3 (31 December 2012; 20.2)% and the Tier 
1 capital ratio at 12.1 (11.8)%.                                                
Equity per share stood at EUR 134.1 (31                                         
December 2012; 141.3) million.                                                  
Net interest income totalled EUR 57.9 (59.0) million.                           
Write-downs on credits and other commitments decreased by 46 % to EUR 1.5 (2.8) 
million.                                                                        
OUTLOOK (unchanged): Despite the probably persistent low interest rate level,   
and one-off costs from implementing the Plan of Action 2015, the Group's        
operating profit for 2013 is expected to reach approximately the 2012 level.    
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| KEY FIGURES           | 4-6/ | 4-6/ | ∆ % | 1-6/ | 1-6/ | ∆ % | 1-3/2 | 2012 |
| (EUR million)         | 2013 | 2012 |     | 2013 | 2012 |     |   013 |      |
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| Net interest income   | 28.1 | 29.5 | -5% | 57.9 | 59.0 | -2% |  29.8 | 116. |
|                       |      |      |     |      |      |     |       |    5 |
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| Total operating       | 48.5 | 46.6 |  4% | 97.2 | 92.3 |  5% |  48.7 | 183. |
| income                |      |      |     |      |      |     |       |    4 |
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| Total operating       | -34. | -32. |  6% | -66. | -63. |  5% | -32.4 | -136 |
| expenses              |    1 |    3 |     |    5 |    6 |     |       |   .0 |
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| Operating profit      | 14.5 | 13.9 |  4% | 31.0 | 28.3 | 10% |  16.5 | 45.1 |
| before write downs on |      |      |     |      |      |     |       |      |
| credits               |      |      |     |      |      |     |       |      |
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| Write-downs on        | -0.4 | -1.0 | -56 | -1.5 | -2.8 | -46 |  -1.1 | -6.4 |
| credits and other     |      |      |   % |      |      |   % |       |      |
| commitments           |      |      |     |      |      |     |       |      |
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| Operating profit      | 14.0 | 13.0 |  8% | 29.4 | 25.4 | 16% |  15.4 | 38.8 |
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| Cost-to-income ratio  | 0.70 | 0.69 |  1% | 0.68 | 0.69 | -1% |  0.67 | 0.74 |
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| Earnings per share    |  3.4 |  3.2 |  6% |  7.3 |  6.1 | 19% |   3.9 |  7.8 |
| (EPS), EUR            |      |      |     |      |      |     |       |      |
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| Equity per share      | 134. | 127. |  5% | 134. | 127. |  5% | 134.9 | 141. |
| (NAV)1), EUR          |    1 |    5 |     |    1 |    5 |     |       |    3 |
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| Return on equity      |  8.9 |  8.8 |  2% |  9.3 |  9.2 |  1% |   9.8 |  5.6 |
| (ROE), %              |      |      |     |      |      |     |       |      |
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| Capital adequacy      | 20.3 | 18.9 |  8% | 20.3 | 18.9 |  8% |  20.0 | 20.2 |
| ratio1) %             |      |      |     |      |      |     |       |      |
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| Tier 1 capital ratio, | 12.1 | 11.7 |  3% | 12.1 | 11.7 |  3% |  11.7 | 11.8 |
| % 1)                  |      |      |     |      |      |     |       |      |
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1) At the end of the period							                                              
The Interim Report January-June 2013 is a translation of the original Swedish   
version ”Delårsrapport 1.1-30.6.2013”. In case of discrepancies, the Swedish    
version shall prevail.

Attachments:

aktia bank plc 2q 2013.pdf