2016-05-10 07:00:05 CEST
2016-05-10 07:00:05 CEST
REGULATED INFORMATION
Aktia Pankki Oyj - Interim report (Q1 and Q3)
Aktia Bank plc: Interim Report 1.1-31.3.2016
Helsinki, 2016-05-10 07:00 CEST (GLOBE NEWSWIRE) --
Aktia Bank plc
Interim Report 1.1-31.3.2016
10.5.2016 at 8.00 a.m.
SATISFACTORY RESULT IN A CHALLENGING MARKET
CEO JUSSI LAITINEN
”The beginning of the year, with market turbulence and general unrest
concerning the Finnish economy, was a challenge, and in combination with the
slow development of the financial markets, the impact on Aktia’s income was
negative. We managed to keep expenses under control despite one-time costs
related to the conclusion of Action Plan 2015 and intensified efforts in the
project to renew our core banking platform.
Aktia’s strong capital adequacy enables focus on growth in the following three
years. The number of new customers has already improved this year, and lending
is also on the increase.
Aktia celebrated its 190th anniversary in April. Aktia of today is a modern
bank with long traditions. In April we introduced new mobile services and
expanded our cooperation with the R-kioski chain of convenience stores. We look
forward to the launch of our new core banking platform, enabling further
modernisation of our services and products.”
JANUARY- MARCH 2016: OPERATING PROFIT EUR 14.6 (17.0) MILLION
-- The Group’s operating profit was EUR 14.6 (17.0) million and the profit was
EUR 11.9 (13.0) million.
-- Net commission income decreaced by 4% to EUR 18.9 (19.7) million. Net
interest income (NII) dropped by 3% to EUR 24.6 (25.5) million.
-- Earnings per share (EPS) was EUR 0.18 (0.20).
-- Aktia’s Common Equity Tier 1 capital ratio amounted to 19.5 (20.7)%.
-- Equity per share stood at EUR 9.56 (31 Dec 2015; 9.26).
-- Write-downs on credits and other commitments continued low and stood at EUR
-0.1 (-1.0) million.
-- OUTLOOK 2016 (unchanged, p. 13): Aktias operating profit for 2016 is
expected to reach an approximately similar level as in 2015.
KEY FIGURES 1Q2016 1Q2015 1Q/1Q 2015 4Q2015 1Q/4Q 3Q2015 2Q2015
(EUR million)
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Net interest 24.6 25.5 -3% 97.3 23.7 4% 23.8 24.3
income
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Net commission 18.9 19.7 -4% 80.0 18.9 0% 19.7 21.7
income
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Total operating 50.4 53.1 -5% 208.4 51.9 -3% 49.3 54.0
income
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Total operating -36.5 -35.7 2% -144.4 -40.5 -10% -32.4 -35.8
expenses
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Write-downs on -0.1 -1.0 -93% -0.3 -0.3 -75% -0.5 1.5
credits and other
commitments
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Operating profit 14.6 17.0 -14% 64.2 11.1 31% 16.4 19.7
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Cost-to-income 0.72 0.67 7% 0.69 0.78 -8% 0.66 0.66
ratio
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Earnings per share 0.18 0.20 -9% 0.78 0.13 38% 0.20 0.25
(EPS), EUR
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Equity per share 9.56 9.59 0% 9.26 9.26 3% 9.20 9.05
(NAV)1, EUR
--------------------------------------------------------------------------------
Return on equity 7.6 7.5 2% 7.9 5.4 41% 8.0 9.6
(ROE), %
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Common Equity Tier 19.5 22.6 -14% 20.7 20.7 -6% 20.5 22.4
1 capital ratio1,
%
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Capital adequacy 25.6 27.1 -5% 27.1 27.1 -5% 25.8 27.7
ratio1, %
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Write-downs on 0.00 0.02 -100% 0.01 0.00 - 0.01 -0.02
credits / total
loan book, %
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1) At the end of the period.
The Interim Report January - March 2016 is a translation of the original
Swedish version ”Delårsrapport 1.1-31.3.2016”. In case of discrepancies, the
Swedish version shall prevail.
Financial Calendar 2016:
Interim report 1-6/2016 10.8.2016 at 8.00 am
Interim report 1-9/2016 17.8.2016 at 8.00 am
AKTIA BANK PLC
CEO Jussi Laitinen, tel. +358 10 247 6250
CFO Fredrik Westerholm, tel. +358 10 247 6250
Investor Relations Anna Virkola-Gabrán, tel.+35810 247 6501,
ir(at)aktia.fi
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