Aktia Pankki Oyj - Company Announcement

Aktia Bank to initiate codetermination negotiations in the sales organisation

Aktia Bank plc
Stock Exchange Release
12.1.2016 at 9.30 a.m.



Due to changes in the bank’s operating environment, and especially in customer
behaviour, Aktia Bank plans to enhance effectiveness to achieve cost savings
and ensure long-term and sustainable level of profitability.  Aktia shall
continue to be a strong player in the financial market, offering private and
corporate customers competent financial advice in a broad range of channels. 

The bank’s sales organisation will be reorganised and its efficiency will be
enhanced simultaneously with structural changes in customer services. The
codetermination negotiations are initiated due to financial and
production-related reasons and reorganising of operations. 

The estimated reduction of the number of staff is approximately 60 persons. The
measures planned are expected to bring annual savings of about EUR 2 million
when they have been implemented in 2016. The reorganising of business
operations generates a one-off cost of approximately EUR 1 million to be booked
in the last quarter of 2015. 

The measures planned are based on Aktia’s Action Plan 2015 and strategy Growth
2018. 



AKTIA BANK PLC



CEO Jussi Laitinen

All media contacts to Malin Pettersson, Head of Communications, tel. +358 10
247 6369 



Distribution:
NASDAQ OMX Helsinki Ltd
Central media
www.aktia.fi