2016-08-10 07:00:02 CEST
2016-08-10 07:00:02 CEST
REGLERAD INFORMATION
Aktia Pankki Oyj - Half Year financial report
Aktia Bank plc: Half year financial report 1.1-30.6.2016
Helsinki, Finland, 2016-08-10 07:00 CEST (GLOBE NEWSWIRE) --
Aktia Bank plc
Half year financial report
10 August 2016 at 8.00 a.m.
STABLE RESULT, MOODY’S RATED AKTIA WITH IMPROVED OUTLOOK
”Aktia achieved a good result in despite of continued unrest on the market.
Political uncertainty and negative interest rate environment have lowered both
profitability of the banking sector and yields from the institutional
investment market. Several uncertainties challenge the recovery of the euro
zone, but the Finnish economy shows cautious signs of a positive change.
Aktia’s net interest income was stable, and it was affected favorably
especially by increased new lending to both private customers and housing
companies in accordance with our Growth strategy. Net commission income
recovered during April–June. Expenses increased mainly due to prolonged testing
of the new core banking platform, the launch of which is planned for later this
year. The sale of Visa Europe brought one-time gains of EUR 5.9 million,
improving the result of the second quarter compared to the year before.
Write-downs on credits continued at a very low level. Aktia is a stable and
predictable bank with strong capital adequacy. This has been taken into account
by the rating agency Moody’s who raised Aktia’s outlook from stable to
positive, and kept our rating at a good level.”
APRIL-JUNE 2016: OPERATING PROFIT EUR 22.4 (19.7) MILLION
• The Group’s operating profit was EUR 22.4 (19.7) million and the profit was
EUR 18.0 (16.5) million.
• Excluding one-time gains from the sale of Visa Europe, the Group’s operating
profit would have been EUR 16.6 (19.7) million and the profit for the period
EUR 13.3 (16.5)million.
• Net interest income (NII) decreased by 1% and amounted to EUR 24.1 (24.3)
million. Net commission income decreased by 5% to EUR 20.7 (21.7) million.
• Earnings per share (EPS) was EUR 0.27 (0.25).
JANUARY-JUNE 2016: OPERATING PROFIT EUR 37.0 (36.7) MILLION
• The Group’s operating profit was EUR 37.0 (36.7) million and the profit was
EUR 29.9 (29.5) million.
• Excluding one-time gains from the sale of Visa Europe, the Group’s operating
profit would have been EUR 31.1 (36.7) million and the profit for the period
EUR 25.2 (29.5) million.
• Net interest income (NII) dropped by 2% to EUR 48.7 (49.8) million. Net
commission income decreased by 4% to EUR 39.6 (41.3) million.
• Earnings per share (EPS) was EUR 0.45 (0.45).
• Aktia’s Common Equity Tier 1 capital ratio amounted to 19.7 (20.7)%.
• Equity per share stood at EUR 9.15 (31 Dec 2015; 9.26).
• Write-downs on credits and other commitments remained low and stood at EUR
-0.2 (+0.4) million.
• OUTLOOK 2016 (unchanged, p. 14): Aktias operating profit for 2016 is expected
to reach an approximately similar level as in 2015.
KEY Apr-Ju Apr-Ju ∆ % Jan-Ju Jan-Ju ∆ % Jan-Ma 2Q/1Q 2015
FIGURES ne / ne / n / n / r / ∆ %
(EUR 2016 2015 2016 2015 2016
million)
--------------------------------------------------------------------------------
Net 24.1 24.3 -1% 48.7 49.8 -2% 24.6 -2% 97.3
interest
income
--------------------------------------------------------------------------------
Net 20.7 21.7 -5% 39.6 41.3 -4% 18.9 9% 80.0
commissio
n income
--------------------------------------------------------------------------------
Total 59.4 54.0 10% 109.8 107.1 2% 50.4 18% 208.4
operating
income
--------------------------------------------------------------------------------
Total -36.8 -35.8 3% -73.3 -71.5 3% -36.5 1% -144.4
operating
expenses
--------------------------------------------------------------------------------
Write-down -0.1 1.5 - -0.2 0.4 - -0.1 -72% -0.3
s on
credits
and other
commitmen
ts
--------------------------------------------------------------------------------
Operating 22.4 19.7 14% 37.0 36.7 1% 14.6 54% 64.2
profit
--------------------------------------------------------------------------------
Cost-to-in 0.62 0.66 -6% 0.67 0.67 0% 0.72 -14% 0.69
come ratio
--------------------------------------------------------------------------------
Earnings 0.27 0.25 7% 0.45 0.45 0% 0.18 50% 0.78
per share
(EPS),
EUR
--------------------------------------------------------------------------------
Equity per 9.15 9.05 1% 9.15 9.05 1% 9.56 -4% 9.26
share
(NAV)1,
EUR
--------------------------------------------------------------------------------
Return on 11.6 9.6 21% 9.8 8.7 13% 7.6 52% 7.9
equity
(ROE), %
--------------------------------------------------------------------------------
Common 19.7 22.4 -12% 19.7 22.4 -12% 19.5 1% 20.7
Equity
Tier 1
capital
ratio1, %
--------------------------------------------------------------------------------
Capital 26.2 27.7 -6% 26.2 27.7 -6% 25.6 2% 27.1
adequacy
ratio1, %
--------------------------------------------------------------------------------
Write-down 0.00 -0.02 -100% 0.00 -0.01 -100% 0.00 - 0.01
s on
credits /
total
loan
book, %
--------------------------------------------------------------------------------
1At the end of the period.
The Interim Report January - June 2016 is a translation of the original
Swedish version ”Delårsrapport 1.1-30.6.2016”. 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, ir(at) aktia.fi
© 2024 Nasdaq, Inc. All Rights Reserved |