2017-05-11 07:00:27 CEST

2017-05-11 07:00:27 CEST


REGULATED INFORMATION

Aktia Pankki Oyj - Interim report (Q1 and Q3)

Aktia Bank plc: Interim report January–March 2017 


Helsinki, Finland, 2017-05-11 07:00 CEST (GLOBE NEWSWIRE) -- 

Aktia Bank plc
Interim report January-March 2017
11.5.2017 at 8:00 a.m.





CEO Martin Backman

”Increased sales, successful launches of new investment funds and a strong
market development contributed to a 12 % increase in net commission income. 
A revision of Aktia’s strategy has been initiated, aiming at increased
profitability.” 

JANUARY-MARCH 2017: OPERATING PROFIT EUR 16.4 (14.6) MILLION

  -- Full-scale implementation of the core banking system is planned for the
     second half of 2017.
  -- Martin Backman took office 6 March 2017 as President & CEO
  -- Aktia Real Estate Mortgage Bank was merged with Aktia at the end of
     February.
  -- Aktia in the top of fixed income fund management again. 
  -- Aktia donated EUR 500,000 to universities.
     

Outlook for 2017 (unchanged): The operating profit for 2017 is estimated to be
lower than in 2016, as no larger one-time gains are expected. 

Key figures

(EUR million)      1Q2017  1Q2016     ∆%    2016  4Q2016   1Q/4Q  3Q2016  2Q2016
--------------------------------------------------------------------------------
Net interest         23.4    24.6   -5 %    95.6    23.0     2 %    23.9    24.1
 income                                                                         
--------------------------------------------------------------------------------
Net commission       21.1    18.9   12 %    79.7    20.1     5 %    20.0    20.7
 income                                                                         
--------------------------------------------------------------------------------
Total operating      53.1    50.4    5 %   211.3    50.6     5 %    50.9    59.4
 income                                                                         
--------------------------------------------------------------------------------
Total operating     -37.3   -36.5    2 %  -148.4   -40.5    -8 %   -34.6   -36.8
 expenses                                                                       
--------------------------------------------------------------------------------
Write-downs on       -0.1    -0.1  -29 %    -2.2    -1.5   -97 %    -0.5    -0.1
 credits and                                                                    
 other                                                                          
 commitments                                                                    
--------------------------------------------------------------------------------
Operating profit     16.4    14.6   13 %    61.5     8.6    90 %    15.8    22.4
--------------------------------------------------------------------------------
Cost-to-income       0.70    0.72   -3 %    0.70    0.80   -13 %    0.68    0.62
 ratio                                                                          
--------------------------------------------------------------------------------
Earnings per         0.20    0.18   13 %    0.74    0.10   103 %    0.19    0.27
 share (EPS), EUR                                                               
--------------------------------------------------------------------------------
Equity per share     9.34    9.56   -2 %    9.24    9.24     1 %    9.35    9.15
 (NAV)1, EUR                                                                    
--------------------------------------------------------------------------------
Return on equity      8.7     7.6   15 %     8.0     4.2   106 %     8.4    11.6
 (ROE), %                                                                       
--------------------------------------------------------------------------------
Common Equity        18.2    19.5   -7 %    19.5    19.5    -7 %    19.2    19.7
 Tier 1 capital                                                                 
 ratio1,%                                                                       
--------------------------------------------------------------------------------
Capital adequacy     24.8    25.6   -3 %    26.3    26.3    -6 %    25.5    26.2
 ratio1, %                                                                      
--------------------------------------------------------------------------------
Write-downs on       0.00    0.00      -    0.04    0.03  -100 %    0.01    0.00
 credits / total                                                                
 loan book, %                                                                   
--------------------------------------------------------------------------------

1) At the end of the period



Financial calendar

Interim report  January - June 2017            8 August 2017
Interim report  January - September 2017   8 November 2017



AKTIA BANK PLC

Board of Directors



Distribution:
Nasdaq Helsinki,
mass media,
www.aktia.com

Aktia provides a broad range of products within banking, insurance and real
estate agency. Aktia operates mainly in coastal areas and inland growth areas.
Aktia has ca 380,000 customers who are served by about 1,000 employees at 45
branch offices and via online and telephone services. Aktia's shares (AKTAV,
AKTRV) are listed on the list of Nasdaq Helsinki Ltd. For more information
about Aktia see www.aktia.com 




         CEO Martin Backman, tel. +358 10 247 6250
         Head of IR Anna Gabrán, tel. +358 10 247 6501, anna.gabran(at) aktia.fi