2017-02-14 07:00:03 CET
2017-02-14 07:00:03 CET
REGULATED INFORMATION
Aktia Pankki Oyj - Financial Statement Release
Aktia Bank plc: Accounts Announcement 1.1-31.12.2016
GROWTH IN LENDING AND ASSET MANAGEMENT
Helsinki, Finland, 2017-02-14 07:00 CET (GLOBE NEWSWIRE) --
Aktia Bank plc
Financial Statement Release
14.2.2017 at 8:00 a.m.
CEO JUSSI LAITINEN
”Aktia achieved a satisfactory result for the whole year despite the slow start
of the year. The market climate improved in Finland during 2016, and consumers’
confidence in their economy strengthened at the end of the year. Aktia’s
lending improved by 8 per cent, showing growth both in housing loans and
corporate lending. Asset Management increased both its sales and its assets
under management, following successful product launches and focus on
institutional customers. Net commission income recovered during the year, but
it did not increase. The low interest rate level continues to press NII and
puts further demands on high efficiency. Profits have been burdened by the core
banking project, but the project is now close to the finish line, and
implementation of the systems will commence during Q1 2017. Aktia’s mobile
services are developed at an accelerating speed; the new digital wallet, Aktia
Wallet, has already been downloaded by more than 30,000 users. Aktia continues
its modernisation process with the aim to offer the customers more solutions
for easier management of their daily economy.”
OCTOBER- DECEMBER 2016: OPERATING PROFIT EUR 8.6 (11.1) MILLION
-- The Group’s operating profit was EUR 8.6 (11.1) million and the profit was
EUR 6.5 (8.7) million.
-- Net interest income (NII) decreased by 3% and amounted to EUR 23.0 (23.7)
million.
Net commission income increased by 6% to EUR 20.1 (18.9) million.
-- Earnings per share (EPS) was EUR 0.10 (0.13).
JANUARY-DECEMBER 2016: OPERATING PROFIT EUR 61.5 (64.2) MILLION
-- The Group’s operating profit was EUR 61.5 (64.2) million and the profit was
EUR 49.3 (51.6) million.
-- Excluding one-time gains from the sale of Visa Europe, the Group’s
operating profit would have been EUR 54.6 (64.2) million and the profit for
the period EUR 43.8 (51.6) million.
-- Net interest income (NII) dropped by 2% to EUR 95.6 (97.3) million. Net
commission income amounted to EUR 79.7 (80.0) million.
-- Earnings per share (EPS) was EUR 0.74 (0.78).
-- The Board of Directors proposes a dividend of EUR 0.60 per share, of which
EUR 0.08 are attributable to one-time gains during the year.
-- Aktia’s Common Equity Tier 1 capital ratio amounted to 19.5 (20.7)%.
-- Equity per share stood at EUR 9.24 (9.26).
-- Write-downs on credits and other commitments increased to EUR -2.2 (-0.3)
million.
-- OUTLOOK 2017 (p. 14): The operating profit for 2017 is estimated to be
lower than in 2016, as no larger one-time gains are expected.
KEY 4Q2016 4Q2015 ∆% 2016 2015 ∆% 3Q2016 4Q vs. 2Q2016
1Q2016
FIGUR 3Q
ES
(EUR
milli
on)
--------------------------------------------------------------------------------
--
Net 23.0 23.7 -3% 95.6 97.3 -2% 23.9 -4% 24.1
24.6
inter
est
incom
e
--------------------------------------------------------------------------------
--
Net 20.1 18.9 6% 79.7 80.0 0% 20.0 1% 20.7
18.9
commi
ssion
incom
e
--------------------------------------------------------------------------------
--
Total 50.6 51.9 -2% 211.4 208.4 1% 50.9 -1% 59.4
50.4
opera
ting
incom
e
--------------------------------------------------------------------------------
--
Total -40.5 -40.5 0% -148.4 -144.4 3% -34.6 17% -36.8
-36.5
opera
ting
expen
ses
--------------------------------------------------------------------------------
--
Write- -1.5 -0.3 455% -2.2 -0.3 545% -0.5 235% -0.1
-0.1
downs
on
credi
ts and
other
commi
tments
--------------------------------------------------------------------------------
--
Operat 8.6 11.1 -22% 61.5 64.2 -4% 15.8 -46% 22.4
14.6
ing
profi
t
--------------------------------------------------------------------------------
--
Cost-t 0.80 0.78 3% 0.70 0.69 1% 0.68 18% 0.62
0.72
o-inco
me
ratio
--------------------------------------------------------------------------------
--
Earnin 0.10 0.13 -23% 0.74 0.78 -5% 0.19 -47% 0.27
0.18
gs per
share
(EPS)
, EUR
--------------------------------------------------------------------------------
--
Equity 9.24 9.26 0% 9.24 9.26 0% 9.35 -1% 9.15
9.56
per
share
(NAV)
1, EUR
--------------------------------------------------------------------------------
--
Return 4.2 5.4 -21% 8.0 7.9 2% 8.4 -49% 11.6
7.6
on
equit
y
(ROE)
, %
--------------------------------------------------------------------------------
--
Common 19.5 20.7 -6% 19.5 20.7 -6% 19.2 2% 19.7
19.5
Equit
y Tier
1
capit
al
ratio
1, %
--------------------------------------------------------------------------------
--
Capita 26.3 27.1 -3% 26.3 27.1 -3% 25.5 3% 26.2
25.6
l
adequ
acy
ratio
1, %
--------------------------------------------------------------------------------
--
Divide 0.60* 0.64** -6%
nd per
share
(prop
osal
from
Board
of
Direc
tors)
--------------------------------------------------------------------------------
--
Write- 0.03 0.00 - 0.04 0.01 300% 0.01 200% 0.00
0.00
downs
on
credi
ts /
total
loan
book,
%
--------------------------------------------------------------------------------
--
1) At the end of the period. * A dividend of EUR 0.60 per share, of which
EUR 0.08 are attributable to one-time gains. ** Including capital return
of EUR 0.10 per share
The Accounts Announcement January - December 2016 is a translation of
the original Swedish version ”Bokslutskommuniké 1.1-31.12.2016”. 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
Head of IR Anna Gabrán, tel. +358 10 247 6501, ir(at)aktia.fi
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