Aktia Pankki Oyj - Interim report (Q1 and Q3)

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

Helsinki, Finland, 2013-08-06 07:00 CEST (GLOBE NEWSWIRE) -- 

Aktia Bank plc: Interim Report 1 January - 30 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.

KEY FIGURES             4-6/    4-6/   ∆ %    1-6/    1-6/   ∆ %    1-3/    2012
(EUR million)           2013    2012          2013    2012          2013        
--------------------------------------------------------------------------------
Net interest income     28.1    29.5   -5%    57.9    59.0   -2%    29.8   116.5
--------------------------------------------------------------------------------
Total operating         48.5    46.6    4%    97.2    92.3    5%    48.7   183.4
 income                                                                         
--------------------------------------------------------------------------------
Total operating        -34.1   -32.3    6%   -66.5   -63.6    5%   -32.4  -136.0
 expenses                                                                       
--------------------------------------------------------------------------------
Operating profit        14.5    13.9    4%    31.0    28.3   10%    16.5    45.1
 before write downs                                                             
 on credits                                                                     
--------------------------------------------------------------------------------
Write-downs on          -0.4    -1.0  -56%    -1.5    -2.8  -46%    -1.1    -6.4
 credits and other                                                              
 commitments                                       
--------------------------------------------------------------------------------
Operating profit        14.0    13.0    8%    29.4    25.4   16%    15.4    38.8
--------------------------------------------------------------------------------
Cost-to-income ratio    0.70    0.69    1%    0.68    0.69   -1%    0.67    0.74
--------------------------------------------------------------------------------
Earnings per share       3.4     3.2    6%     7.3     6.1   19%     3.9     7.8
 (EPS), EUR                                                                     
--------------------------------------------------------------------------------
Equity per share       134.1   127.5    5%   134.1   127.5    5%   134.9   141.3
 (NAV)1), EUR                                                                   
--------------------------------------------------------------------------------
Return on equity         8.9     8.8    2%     9.3     9.2    1%     9.8     5.6
 (ROE), %                                                                       
--------------------------------------------------------------------------------
Capital adequacy        20.3    18.9    8%    20.3    18.9    8%    20.0    20.2
 ratio1) %                                                                      
--------------------------------------------------------------------------------
Tier 1 capital          12.1    11.7    3%    12.1    11.7    3%    11.7    11.8
 ratio, % 1)                                                                    
--------------------------------------------------------------------------------

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. 


         CEO Jussi Laitinen, tel. +358 10 247 6250
         CFO Fredrik Westerholm, tel. +358 10 247 6505
         IR Anna Gabrán, tel. +358 10 247 6501, +358 40 7081807

Attachments:

Aktia Bank PLC 2Q 2013.pdf