Aktia Pankki Oyj - Company Announcement

Codetermination negotiations in Aktia Bank’s sales organisation concluded

Aktia Bank plc
Stock Exchange Release
9.2.2016 at 9 am



On 18 January 2016, Aktia Bank plc initiated codetermination negotiations in
its sales organisation for financial and production-related reasons and
reorganisation of operations in order to enhance effectiveness, achieve cost
savings and meet the demands of continued digitalisation. 

The codetermination negotiations in accordance with the Act on Co-operation
within Undertakings have now been completed, resulting in a staff reduction of
approximately 55 persons. Initially, the estimated staff reduction was 60
persons at a maximum. 

The reduction of staff generates a one-off cost of approximately EUR 1 million
which was booked in the last quarter of 2015. The estimated annual cost savings
amounts to approx. EUR 2 million. 

The above measures are based on Aktia’s Action Plan 2015 and strategy Growth
2018. Aktia shall continue to be a strong player in the Finnish financial
market, offering private and corporate customers competent financial advice in
a broad range of channels. 



Aktia Bank plc publishes its Accounts Announcement for 2015 and its Outlook for
2016 at approx. 8 a.m. on 12 February 2016. 



AKTIA BANK PLC



Jussi Laitinen
CEO

All media contacts to Malin Pettersson, Head of Communications, tel. +358 10
247 6369 



Distribution:
Nasdaq OMX Helsinki Oy
Central mass media
www.aktia.fi