2015-08-11 07:00:00 CEST
2015-08-11 07:00:12 CEST
REGULATED INFORMATION
Aktia Pankki Oyj - Interim report (Q1 and Q3)
Aktia Bank plc: Interim report 1 January - 30 June 2015
Helsinki, Finland, 2015-08-11 07:00 CEST (GLOBE NEWSWIRE) --
Aktia Bank plc
Interim report 1 January - 30 June 2015
11 August 2015 at 08:00 a.m.
STRONG GROWTH BOTH IN COMMISSIONS AND NEW LENDING
CEO JUSSI LAITINEN
”Aktia achieved a good result for the first six months of 2015, showing
continued growth in commission income. Income increased from mutual funds and
asset management,which is a sign of increased interest for saving. The housing
market has shown increased activity during the spring, and Aktia's new lending
to private households increased by one third. Net interest income from Aktia's
borrowing and lending operations increased, while income from maturing interest
rate hedges dropped as expected. Write-downs on credits were at a very low
level. Testing of the new core banking system continues, and it will be
intensified during the autumn. Aktia's Common Equity Tier 1 capital ratio
remains on a very high level at 22.4%.”
APRIL-JUNE 2015: OPERATING PROFIT EUR 19.7 (22.0) MILLION
-- The Group's operating profit was EUR 19.7 (22.0) million and profit for the
period was EUR 16.5 (17.9) million.
-- Net commission income strengthened by 11% to EUR 21.7 (19.6) million. Net
interest income (NII) was EUR 24.3 (25.9) million.
-- Earnings per share (EPS) was EUR 0.25 (0.27).
JANUARY-JUNE 2015: OPERATING PROFIT EUR 36.7 (38.4) MILLION
-- The Group's operating profit was EUR 36.7 (38.4) million and profit for the
period was EUR 29.5 (31.0) million.
-- Net commission income strengthened by 8% to EUR 41.3 (38.4) million and
borrowing totalled EUR 3,957 (3,979) million. Net interest income (NII)
dropped by 3% to EUR 49.8 (51.4) million.
-- Earnings per share (EPS) was EUR 0.45 (0.46).
-- The transition to IRB approach increased Aktia's Common Equity Tier 1
capital ratio and stood at 22.4 (14.6)%.
-- Equity per share stood at EUR 9.05 (31.12.2014; 9.39).
-- Write-downs on credits and other commitments were positive and stood at EUR
0.4 (-1.2) million.
-- OUTLOOK 2015 (unchanged, p. 13): Aktia's operating profit for 2015 is
expected to reach a similar level as 2014.
KEY FIGURES 4-6/20 4-6/20 ∆ % 1-6/20 1-6/20 ∆ % 1-3/20 ∆ % 2014
(EUR million) 15 14 15 14 14
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Net interest 24.3 25.9 -6% 49.8 51.4 -3% 25.5 -5% 102.8
income
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Net commission 21.7 19.6 11% 41.3 38.4 8% 19.7 10% 74.9
income
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Total operating 54.0 58.4 -8% 107.1 110.5 -3% 53.1 2% 212.3
income
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Total operating -35.8 -36.2 -1% -71.5 -72.3 -1% -35.7 0% -144.5
expenses
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Write-downs on 1.5 -0.8 - 0.4 -1.2 - -1.0 - -1.7
credits and
other
commitments
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Operating profit 19.7 22.0 -10% 36.7 38.4 -5% 17.0 16% 68.3
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Cost-to-income 0.68 0.64 6% 0.67 0.68 -1% 0.65 5% 0.71
ratio
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Earnings per 0.25 0.27 -6% 0.45 0.46 -3% 0.20 28% 0.79
share (EPS),
EUR
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Equity per share 9.05 8.96 1% 9.05 8.96 1% 9.59 -6% 9.39
(NAV)1, EUR
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Return on equity 9.6 11.1 -13% 8.7 9.5 -9% 7.5 28% 8.3
(ROE), %
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Common Equity 22.4 13.8 63% 22.4 13.8 63% 22.6 -1% 14.6
Tier 1 capital
ratio1, %
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Capital adequacy 27.7 17.8 56% 27.7 17.8 56% 27.1 2% 19.1
ratio1, % **
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Write-downs on -0.02 0.01 - -0.01 0.02 - 0.02 - 0.03
credits / total
loan book, %
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1) At the end of the period
The Interim Report January - June 2015 is a translation of the original
Swedish version ”Delårsrapport 1.1-30.6.2015”. In case of discrepancies, the
Swedish version shall prevail.t the end of the period.
Calendar:
Interim Report Jan - Sep 2015 17 November 2015
Annual accounts announcement 2015 12 February 2016
Annual General Meeting 2016 12 April 2016
Interim report Jan - March 2016 10 May 2016
Interim report Jan - June 2016 10 August 2016
Interim report Jan - Sep 2016 17 November 2016
Aktia provides a broad range of products within banking, insurance and real
estate agency.¬ Aktia operates in Finland's coastal areas and inland growth
areas. Aktia has some 300,000 customers who are served by more than 900
employees at 50 branch offices and via Internet and telephone services. Aktia's
shares are listed on NASDAQ OMX Helsinki Ltd. For more information about Aktia,
see www.aktia.com
CEO Jussi Laitinen, tel. +358 10 247 6250
CFO Fredrik Westerholm, tel. +358 10 247 6505
Funding & IR Anna Virkola-Gabrán, tel. +358 10 247 6501, ir (at)
aktia.fi
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