2015-02-12 07:00:02 CET
2015-02-12 07:00:11 CET
REGULATED INFORMATION
Aktia Pankki Oyj - Financial Statement Release
Aktia Bank plc: Accounts Announcement 1.1-31.12.2014
Helsinki, 2015-02-12 07:00 CET (GLOBE NEWSWIRE) --
Aktia Bank plc
Accounts Announcement
12 February 2015 at 8:00 a.m.
STRONG RESULT, IRBA ENABLES FUTURE GROWTH
CEO JUSSI LAITINEN
”Aktia achieved a good result for the whole year, net commission income
continued to grow throughout the year and costs decreased according to plan.
Aktia's core banking project is progressing, but investment costs will be
higher than planned due to increased costs for testing and prolonged parallel
operation of the new and existing banking systems. The Finnish Financial
Supervisory Authority granted Aktia permission to implement an internal method
for risk classification (IRBA), further strengthening our good capital adequacy
and enabling growth. Taking this into account, Aktia will present its new
strategy and update its long-term objectives in spring 2015”
OCTOBER-DECEMBER 2014: OPERATING PROFIT EUR 12.6 (11.1) million
-- The Group's operating profit amounted to EUR 12.6 (11.1) million and profit
for the period amounted to EUR 10.4 (11.9) million.
-- Net commission income increased by 6% to EUR 18.9 (17.8) million. Net
interest income (NII) amounted to EUR 25.3 (27.3) million.
-- Earnings per share (EPS) stood at EUR 0.14 (0.18)
JANUARY-DECEMBER 2014: OPERATING PROFIT EUR 68.3 (65.4) million
-- The Group's operating profit amounted to EUR 68.3 (65.4) million and profit
for the period amounted to EUR 55.0 (52.4) million.
-- Net commission income increased by 6% to EUR 74.9 (70.7) million and
borrowing increased to EUR 3,979 (3,797) million. Net interest income (NII)
decreased to EUR 102.8 (112.6) million.
-- Earnings per share (EPS) was EUR 0.79 (0.78).
-- The Board of Directors proposes an increased dividend of EUR 0.48 (0.42)
per share.
-- According to the Basel III capital requirement the capital adequacy ratio
stood at 19.0 (19.3**)% and the Core Tier 1 capital ratio at 14.5
(12.1**)%.
-- Equity per share stood at EUR 9.39 (31 December 2013: 8.67).
-- Write-downs on credits and other commitments decreased from the previous
year amounting to EUR 1.7 (2.7) million.
-- OUTLOOK 2015 (new): Aktias operating profit for 2015 is expected to reach a
similar level as 2014.
KEY FIGURES 10-12/ 10-12/ ∆ % 2014 2013 ∆ % 7-9/ 4-6/ 1-3/
(EUR 2014 2013 2014 2014 2014
million)
--------------------------------------------------------------------------------
Net 25.3 27.3 -7% 102.8 112.6 -9% 26.1 25.9 25.4
interest
income
--------------------------------------------------------------------------------
Net 18.9 17.8 6% 74.9 70.7 6% 17.6 19.6 18.8
commission
income
--------------------------------------------------------------------------------
Total 51.7 57.3 -10% 212.3 224.2 -5% 50.1 58.4 52.0
operating
income
--------------------------------------------------------------------------------
Total -39.3 -45.9 -14% -144.5 -157.2 -8% -32.8 -36.2 -36.1
operating
expenses
--------------------------------------------------------------------------------
Write-downs 0.0 -1.1 -98% -1.7 -2.7 -37% -0.5 -0.8 -0.4
on credits
and other
commitment
s
--------------------------------------------------------------------------------
Operating 12.6 11.1 13% 68.3 65.4 4% 17.3 22.0 16.4
profit
--------------------------------------------------------------------------------
Cost-to-inc 0.78 0.87 -10% 0.71 0.72 -1% 0.69 0.64 0.72
ome ratio
--------------------------------------------------------------------------------
Earnings 0.14 0.18 -23% 0.79 0.78 1% 0.19 0.27 0.20
per share
(EPS), EUR
--------------------------------------------------------------------------------
Equity per 9.39 8.67 8% 9.39 8.67 8% 9.27 8.96 8.55
share
(NAV)1,
EUR
--------------------------------------------------------------------------------
Return on 6.0 7.5 -19% 8.3 8.1 2% 8.1 11.1 8.2
equity
(ROE), %
--------------------------------------------------------------------------------
Core Tier 1 14.6 12.1 20% 14.6 12.1 20% 14.2 13.8 13.6
capital
ratio1, %
*
--------------------------------------------------------------------------------
Capital 19.1 19.3 -1% 19.1 19.3 -1% 18.4 17.8 17.3
adequacy
ratio1, %
**
--------------------------------------------------------------------------------
Tier 1 14.6 12.3 18% 14.6 12.3 18% 14.2 13.8 13.6
capital
ratio1, %
**
--------------------------------------------------------------------------------
Write-downs 0.00 0.02 -100% 0.03 0.04 -25% 0.01 0.01 0.01
on credits
/ total
credit
stock, %
--------------------------------------------------------------------------------
1) At the end of the period. * According to Basel III, **2014 according to
Basel III, 2013 according to Basel II
The Accounts Announcement January-December 2014 is a translation of the
original Swedish version ”Bokslutskommuniké 1.1-31.12.2014”. In case of
discrepancies, the Swedish version shall prevail.
Jussi Laitinen, CEO, tel. +358 10 247 6250
Fredrik Westerholm, CFO, tel. +358 10 247 6505
Anna Gabrán, IR, tel. +358 10 247 6501, ir@aktia.fi
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