Aktia Bank plc: Moody’s affirms Aktia Bank’s ratings but revises outlook to negative (stable)
Aktia Bank plc
Stock Exchange Release
12.2.2013 at 11.30 am
Moody’s affirms Aktia Bank’s ratings but revises outlook to negative (stable)
Moody's motivates the change of outlook by the fact that the significance of Aktia Bank in the Finnish banking system decreases following Aktia's decision to refine operations and focus on the bank's own customers, on a longer term terminating its services as central credit institution for the savings banks and POP Banks.
Moody's does not change its view of Aktia Banks own operations.
Moody's has stated that Aktia Banks has a strong balance sheet and low risk profile, and that both the capital adequacy ratio and the liquidity position are good.
Moody's rating for Aktia Bank is A3 for long-term borrowing (unchanged), P-2 for short-term borrowing (unchanged) and C- for financial strength (unchanged). All ratings have a negative (stable) outlook .
AKTIA BANK PLC
Nasdaq OMX Helsinki Ltd
Aktia Group provides a broad range of products within banking, insurance and real estate agency. Aktia operates mainly in coastal areas and inland growth areas. Aktia has about 300,000 customers who are served by nearly 1,000 employees at 60 branch offices and via Internet and telephone services. Aktia's shares are listed on the list of NASDAQ OMX Helsinki Ltd. For more information about Aktia see www.aktia.fi