Aktia Bank plc: The Finnish Financial Supervisory Authority has granted Aktia permission to use IRBA for exposure to households
Aktia Bank plc
Stock Exchange Release
11 February 2015 at 1 p.m.
THE FINNISH FINANCIAL SUPERVISORY AUTHORITY HAS GRANTED AKTIA PERMISSION TO USE IRBA FOR EXPOSURE TO HOUSEHOLDS
The Finnish Financial Supervisory Authority has on 10 February 2015 granted Aktia Bank Group permission to implement an internal method (IRBA) for calculating the capital requirements for exposure to households as from 31 March 2015.
IRBA enables closer risk assessment, strengthening the Bank Group's capital adequacy due to good credit quality of household exposures.
The IRBA method would have had a positive effect of 4-5 percentage points on the Bank Group’s Core Tier 1 capital ratio (CET1) at year-end 2014. Aktia’s Core Tier 1 ratio 31 December 2014 stood at 14.6%.
The work continues on migration to internal models for exposure to companies and financial institutions.
AKTIA BANK PLC
For more information, please contact:
Jussi Laitinen, CEO, tel. +358 10 247 6250
Anna Gabrán, Investor Relations, tel. +358 10 247 6501, +358 40 708 1807
Nasdaq Helsinki Ltd
Aktia 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 900 employees at 57 branch offices and via Internet and telephone services. Aktia's shares are listed on the list of NASDAQ Helsinki Ltd. For more information about Aktia see www.aktia.com