2013-05-07 07:00:00 CEST

2013-05-07 07:00:10 CEST


REGULATED INFORMATION

Aktia Oyj - Interim report (Q1 and Q3)

Aktia plc: Interim report 1-3/2013 


Helsinki, Finland, 2013-05-07 07:00 CEST (GLOBE NEWSWIRE) -- 

AKTIA PLC INTERIM REPORT JANUARY-MARCH 2013
7.5.2013 at 8:00 a.m.

OPERATING PROFIT IMPROVED BY 36%, CHALLENGES REMAIN


CEO JUSSI LAITINEN:

”Aktia had a good start of the year. Net interest income increased, commission
income improved, and costs were kept under control. Customer relations are our
highest priority, and we work hard to further improve our customer service.
Aktia's Plan of Action 2015 proceeds on several fronts, the simplifying of
Group structure and the merger of Aktia plc and Aktia Bank plc will be carried
out during the summer. 

However, there are clouds gathering over the Finnish economy, making the
business environment difficult to predict. Consumers already experience the
stricter rules for lending. The new banking tax will cost Aktia approx. EUR 2.4
million per annum, and stricter regulation will tighten requirements for
effectiveness.” 



JANUARY-MARCH 2013: OPERATING PROFIT EUR 19.5 (14.3) MILLION

  -- Group operating profit from continuing operations improved to EUR 19.5
     (14.3) million.
  -- Profit for the period from continuing operations amounted to EUR 14.8
     (10.2) million.
  -- Earnings per share stood at EUR 0.22 (0.29), of which earnings per share
     from continuing operations was EUR 0.22 (0.15).
  -- The capital adequacy ratio strengthened to 20.0 (31.12.2012; 20.2)% and the
     Tier 1 capital ratio to 11.7 (11.8)%. NAV was EUR 9.02 (31.12.2012: EUR
     8.91).
  -- Total net interest income rose to EUR 30.1 (29.6) million.
  -- Write-downs on credits and other commitments decreased by 41% to EUR 1.1
     (1.9) million.
  -- OUTLOOK: Despite the probably persistent low interest rate level and
     one-off costs from the Action Plan 2015, the Group's operating profit from
     continuing operations for 2013 is expected to reach approximately the 2012
     level.



KEY FIGURES             1-3/    1-3/   ∆ %  10-12/   ∆ %    2012    7-9/    4-6/
(EUR million)           2013    2012          2012                  2012    2012
--------------------------------------------------------------------------------
Net interest income     30.1    29.6    2%    29.3    3%   117.3    28.7    29.7
--------------------------------------------------------------------------------
Total operating         57.5    53.2    8%    58.4   -2%   217.9    50.5    55.8
 income                                                                         
--------------------------------------------------------------------------------
Total operating        -37.5   -36.7    2%   -46.0   18%  -154.2   -34.0   -37.5
 expenses                                                                       
--------------------------------------------------------------------------------
Operating profit        20.6    16.2   27%    12.1   70%    62.4    15.2    18.8
 before write downs                                                             
 on credits,                                                                    
 continuing                                                                     
 operations                                                                     
--------------------------------------------------------------------------------
Write-downs on          -1.1    -1.9  -41%    -1.7   36%    -6.4    -1.8    -1.0
 credits and other                                                              
 commitments                                                                    
--------------------------------------------------------------------------------
Operating profit        19.5    14.3   36%    10.4   88%    56.0    13.4    17.9
 from continuing                                                                
 operations                                                                     
--------------------------------------------------------------------------------
Cost-to-income ratio    0.67    0.68   -1%    0.89  -25%    0.74    0.69    0.69
--------------------------------------------------------------------------------
Earnings per share      0.22    0.29  -23%    0.09  142%    0.74    0.15    0.21
 (EPS), EUR                                                                     
--------------------------------------------------------------------------------
Equity per share        9.02    7.89   14%    8.91    1%    8.91    8.70    7.88
 (NAV)1, EUR                                                                    
--------------------------------------------------------------------------------
Return on equity         8.9    14.1  -37%     3.9  130%     8.5     6.4     9.7
 (ROE), %                                                                       
--------------------------------------------------------------------------------
Capital adequacy        20.0    18.1   11%    20.2   -1%    20.2    19.9    18.9
 ratio1, %                                                                      
--------------------------------------------------------------------------------
Tier 1 capital          11.7    11.3    3%    11.8   -1%    11.8    11.8    11.7
 ratio1, %                                                                      
--------------------------------------------------------------------------------
Write-downs on          0.02    0.03  -33%    0.02    0%    0.09    0.02    0.01
 credits / total                                                                
 credit stock, %                                                                
--------------------------------------------------------------------------------

1) At the end of the period
The Interim Report January-March 2013 is a translation of the original Swedish
version ”Delårsrapport 1.1-31.3.2013”. In case of discrepancies, the Swedish
version shall prevail. 




         Managing Director, 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@aktia.fi