2016-11-17 07:00:02 CET
2016-11-17 07:00:02 CET
REGULATED INFORMATION
Aktia Pankki Oyj - Interim report (Q1 and Q3)
Aktia Bank plc: Interim Report January - September 2016
Helsinki, 2016-11-17 07:00 CET (GLOBE NEWSWIRE) --
Aktia Bank plc
Interim report 1 January- 30 September 2016
17.11.2016 at 08:00 a.m.
GROWTH IN LENDING AND ASSET MANAGEMENT
CEO JUSSI LAITINEN
”Aktia’s result for the period January–September 2016 was as planned. New
lending to private households increased by 20%, and Aktia is well on the way to
reach the goal set for the increase of new customers in 2016. Aktia’s Customer
Service was nominated the best in Finland in a competition for Contact Centers
arranged by HDI Nordic in 2016. In spite of the challenging markets, Aktia
Asset Management succeeded in increasing sales to institutional customers, and
was rewarded with SFR’s Gold Award. Aktia continues to develop its digital
services. At the end of October, we launched a new mobile application, Aktia
Wallet, making mobile payments safe and easy to manage. The implementation of
the new core banking platform is postponed, but when it is implemented, we will
be able to offer an even broader range of digital services in all channels.”
JULY-SEPTEMBER 2016: OPERATING PROFIT EUR 15.8 (16.4) MILLION
-- The Group’s operating profit was EUR 15.8 (16.4) million and the profit was
EUR 12.9 (13.4) million.
-- Net interest income (NII) increased by 1% and amounted to EUR 23.9 (23.8)
million. Net commission income increased by 2% to EUR 20.0 (19.7) million.
-- Earnings per share (EPS) was EUR 0.19 (0.20).
JANUARY-SEPTEMBER 2016: OPERATING PROFIT EUR 52.9 (53.1) MILLION
-- The Group’s operating profit was EUR 52.9 (53.1) million and the profit was
EUR 42.8 (42.9) million.
-- Excluding one-time gains from the sale of Visa Europe, the Group’s
operating profit would have been EUR 47.0 (53.1) million and the profit for
the period EUR 38.1 (42.9) million.
-- Net interest income (NII) dropped by 1% to EUR 72.6 (73.6) million. Net
commission income decreased by 2% to EUR 59.6 (61.0) million.
-- Earnings per share (EPS) was EUR 0.64 (0.65).
-- Aktia’s Common Equity Tier 1 capital ratio amounted to 19.2 (20.7)%.
-- Equity per share stood at EUR 9.35 (31 Dec 2015; 9.26).
-- Write-downs on credits and other commitments amounted to EUR -0.7 (-0.1)
million.
-- OUTLOOK 2016 (unchanged, p. 14): Aktias operating profit for 2016 is
expected to reach an approximately similar level as in 2015.
KEY 3Q2016 3Q2015 ∆ % Jan-Se Jan-Se ∆ % 2Q2016 3Q vs 1Q2016
2015
FIGUR p 2016 p 2015 . 2Q
ES
(EUR
milli
on)
--------------------------------------------------------------------------------
--
Net 23.9 23.8 1% 72.6 73.6 -1% 24.1 -1% 24.6
97.3
inter
est
incom
e
--------------------------------------------------------------------------------
--
Net 20.0 19.7 2% 59.6 61.0 -2% 20.7 -3% 18.9
80.0
commi
ssion
incom
e
--------------------------------------------------------------------------------
--
Total 50.9 49.3 3% 160.7 156.5 3% 59.4 -14% 50.4
208.4
opera
ting
incom
e
--------------------------------------------------------------------------------
--
Total -34.6 -32.4 7% -108.0 -103.9 4% -36.8 -6% -36.5
-144.4
opera
ting
expen
ses
--------------------------------------------------------------------------------
--
Write- -0.5 -0.5 -7% -0.7 -0.1 -947% -0.1 -279% -0.1
-0.3
downs
on
credi
ts and
other
commi
tments
--------------------------------------------------------------------------------
--
Operat 15.8 16.4 -4% 52.9 53.1 0% 22.4 -29% 14.6
64.2
ing
profi
t
--------------------------------------------------------------------------------
--
Cost-t 0.68 0.66 3% 0.67 0.66 2% 0.62 10% 0.72
0.69
o-inco
me
ratio
--------------------------------------------------------------------------------
--
Earnin 0.19 0.20 -5% 0.64 0.65 -1% 0.27 -30% 0.18
0.78
gs per
share
(EPS)
, EUR
--------------------------------------------------------------------------------
--
Equity 9.35 9.20 2% 9.35 9.20 2% 9.15 2% 9.56
9.26
per
share
(NAV)
1, EUR
--------------------------------------------------------------------------------
--
Return 8.4 8.0 6% 9.2 8.4 10% 11.6 -27% 7.6
7.9
on
equit
y
(ROE)
, %
--------------------------------------------------------------------------------
--
Common 19.2 20.5 -6% 19.2 20.5 -6% 19.7 -2% 19.5
20.7
Equit
y Tier
1
capit
al
ratio
1, %
--------------------------------------------------------------------------------
--
Capita 25.5 25.8 -1% 25.5 25.8 -1% 26.2 -3% 25.6
27.1
l
adequ
acy
ratio
1, %
--------------------------------------------------------------------------------
--
Write- 0.01 0.01 0% 0.01 0.00 - 0.00 - 0.00
0.01
downs
on
credi
ts /
total
loan
book,
%
--------------------------------------------------------------------------------
--
1) At the end of the period.
--------------------------------------------------------------------------------
--
The Interim Report January - September 2016 is a translation of the
original Swedish version ”Delårsrapport 1.1-30.9.2016”. In case of
discrepancies, the Swedish version shall prevail.
--------------------------------------------------------------------------------
--
Financial calendar 2016-2017:
Accounts Announcement 1-12/201614.2.2017
Annual General Meeting 5.4.2017
Interim report 1-3/2017 11.5.2017
Interim report 1-6/2017 8.8.2017
Interim report 1-9/2017 8.11.2017
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
www.aktia.com
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