Aktia Savings Bank plc: Annual Accounts Statement 2005

Aktia Savings Bank plc   Stock Exchange release 16 February, 2006   at 10 a.m.


Final Accounts Announcement 1 January -31 December 2005

Aktia posts a record result of EUR 49.1 million, an improvement of 37%

The year in brief
 . The Group's operating profit increased by 37.1% to EUR 49.1 million (EUR 35.8
   million)
 . Aktia withdrew from the voluntary security fund for savings banks at the end of
   the year, which gave rise to non-recurring income of EUR 12.9 million. At the
   same time, branch-specific credit loss provisions of EUR 7.5 million were made,
   which then reached the target level of 0.5% (EUR 13.7 million) of the bank's
   credit stock.
 . Taking into consideration the two aforementioned non-recurring items, the
   Group's net operating profit totalled EUR 43.7 million (+22.0% ), when compared
   to 2004
 . Return on equity (ROE) rose to 16.3% (11.2%)
 . Earnings per share rose by 66.7% to EUR 1.05 (EUR 0.63)
 . The dividend proposed by the Board of Directors to the Annual General Meeting
   totalled EUR 0.30 (0.25) per share. In addition, an anniversary dividend of EUR
   0.10 was proposed, for a total of EUR 0.40 per share

 . Aktia Fund Management Ltd attracts even more fund investors and partners. The
   company has during the past years been ranked by Morningstar Rating Institute
   as the best fund management company in Finland. The total assets in funds rose
   to more than EUR 1 billion at the beginning of January 2006.
 . In November, Aktia Real Estate Mortgage Bank plc's network of partners expanded
   with 32 savings banks, which at that time also acquired a 20% minority share in
   Aktia Real Estate Mortgage Bank plc.
 . An investment in charge cards and card financing was launched in the autumn
   through the establishment of a new subsidiary, Aktia Kort & Finans Ab
 . At the end of the year, a real estate agency was established as a synergy-
   creating complement to the traditional banking operations
 . Aktia became a minority shareholder in the newly established private equity
   company Unicus Ab. The other owners are eQ Abp and persons in the company's
   executive committee

Financial result

The Group's net operating profit rose to EUR 49.1 million, an increase of 13.3
million (+37.1%) on the previous year.

Aktia withdrew from the voluntary security fund for savings banks at the end of
the year, which gave rise to non-recurring income of EUR 12.9 million, posted
under other income. At the same time, branch-specific credit loss provisions of
EUR 7.5 million were made, which then reached the target level of 0.5% (EUR 13.7
million) of the bank's credit stock. Taking into consideration the two
aforementioned non-recurring items, the Group's net operating profit totalled EUR
43.7 million, an improvement of EUR 7.9 million (+22.0% ), when compared to the
previous year.

This improvement in the overall financial performance is primarily attributable
to a clearly improved net interest income that stems from an improved return on
the liquidity portfolio and a greater positive impact from hedging operations as
well as more commission income.

Loan losses and specific provisions continued thus to be on a low level; non-
performing loans and non-interest-bearing loans decreased.

The share of profits from affiliates increased to EUR 1.0 million (EUR 0.2
million).

Profit for the year rose to EUR 37.0 million, an improvement of EUR 14.8 million
(+66.4%). The Group's profitability improved markedly, and the return on equity
(ROE) rose to 16.3% (11.2%).
Income

The Group's total income rose to EUR 132.3 million (EUR 113.2 million), an
increase of 16.9%.

Despite a continued decrease in customer margins, especially for lending, the
Group's net interest income rose by EUR 5.8 million (+7.8%) to EUR 79.7 million.
In addition to the volume growth, the longer interest repricing periods of the
liquidity portfolio contributed substantially to the improvement in net interest
income. Hedging operations improved the net interest income by EUR 8.0 (6.8)
million during the financial period.

Commission income increased by EUR 2.8 million (+7.9%) to EUR 38.6 million.
Commission income from funds, asset management and brokering increased by EUR 3.8
million. Payment services commissions fell
by EUR 1.7 million, which is connected to the switchover to the Otto dispenser
system. Provisions from charge and credit cards grew by EUR 0.7 million.

Other operating profit totalled EUR 16.3 million (EUR 1.2 million), an increase
of 15.1 million on the previous year. This item includes non-recurring income
that resulted from Aktia withdrawing from the voluntary security fund for savings
banks. The capital gain that was created when Aktia sold off a minority share of
20% in Aktia Real Estate Mortgage Bank plc to 32 savings banks is also included
in other income. Compared to the previous year, this capital gain was comparable
by the capital gains that were reported for net income from securities and
currency trading.

Expenses

The Group's total expenditure rose marginally by 0.2% to EUR 75.7 million (EUR
75.5 million).

Personnel costs increased by 6.7% to EUR 38.8 (36.4) million. In addition to pay
increases based on collective labour agreements, the increase in expenses
reflects the investments made primarily within savings and wealth management
activities. The excellent results allowed EUR 1.8 million to be issued to the
newly established personnel fund; this affected the financial performance for
2005. The total number of employees (converted into full-time employees) totalled
683 at the end of 2005, an increase of 6 from December 2004.

Planned depreciation continued to decrease and was reduced by EUR 2.6 million to
EUR 4.1 (6.7) million. The decrease is primarily attributable to branch
renovations, which were written off in full in 2004.

Balance sheet and off-balance sheet commitments

On 31 December 2005, the Group's balance sheet total stood at EUR 4,553 (4,076)
million. The increase in the balance sheet is a result of the growth in lending
and improved liquidity. Off-balance sheet commitments totalled EUR 282 (260)
million.

Savings

The total number of mutual funds increased more rapidly than it did in 2004. The
mutual funds grew by 23.7% to EUR 971 million, while deposits by the public
increased by 5.1% to EUR 2,309 million. Assets in funds rose for the first time
to more than EUR 1 billion in the beginning of January 2006. Total saving
(deposits + mutual fund capital) increased by 10.0% to EUR 3,280 million.

Saving by households (deposits + mutual fund capital) rose by 12.0% to EUR 2,503
million. Investments in mutual funds by households grew by 42.7% to EUR 649
million and deposits by households increased by 4.1% to EUR 1,854 million.

In addition to this, Aktia issued new bonds to the public and institutions worth
EUR 106 million. The focus on asset management and private bank services was
successful. Assets under management by Aktia Asset Management rose by 20.3% to
EUR 1,428 million, while Aktia Private Banking's assets under management
increased by 26.3% to EUR 634 million.
Lending

The demand for housing loans remained high. The Group's total lending amounted to
EUR 3,250 million at the end of the year, representing an increase of EUR 358
million (+12.4%). The majority of this growth came from the household sector,
whose loan stock increased by EUR 303 million (+13.0%) to EUR 2,631 million. The
housing loan stock increased by 15.8% to EUR 2,210 million, of which mortgages
constituted EUR 755 million, an increase of EUR 325 million (+75.6%).

Aktia Real Estate Mortgage Bank plc, which had already co-operated with local co-
operative banks, expanded its network of partners with 32 savings banks in
November.

Corporate lending totalled EUR 340 million.

Loan losses and risks

The Group's loan losses were again low. During the year, loan losses and new
specific provisions totalling EUR 1.7 million were entered. Reversals from the
previous year's recorded loan losses totalled EUR 0.7 million, which is why the
net effect was an expense of EUR 1.0 million.

Additionally, branch-specific credit loss provisions of EUR 7.5 million were
made, and they then reached the target level of 0.5% (EUR 13.7 million) of the
bank's credit stock.

The Group's non-performing and non-interest-bearing loans fell from EUR 11.5 to
10.1 million. Their relative share of the entire credit stock, including off-
balance-sheet guarantee commitments, thus fell from 0.4 to 0.3%.

Interest rate risks

The Group's net interest income is sensitive to changes in interest rates because
lending is often tied to short-term market interest rates, whereas deposits are,
for the most part, fixed-rate. The interest rate derivative contracts made are
therefore intended to reduce the volatility of the net interest income, which is
dependent on the difference in interest rate basis and repricing structures for
borrowing and lending.

As shown by the enclosed table of derivative contracts, the value of the
underlying assets of the interest-related derivative instruments for hedging
purposes at the end of the financial period totalled EUR 4,008 million, of which
EUR 1,853 million was in forward rate agreements and interest rate swaps and EUR
2,155 million was in interest rate options. The majority of the increase relating
to forward rate agreements is connected to increased hedging for the period
ranging from 3 to 12 months. The increase in interest rate options can be
attributed to either expanded hedging operations with longer maturities or
interest rate hedging related to increased volumes of structured products.

Other derivative contracts

The value of the underlying assets hedged by currency-related and share-related
derivative contracts totalled EUR 116 million, of which EUR 27 million was
currency-related forward contracts and EUR 89 million was equity options.

Capital Adequacy

On 31 December 2005, the Group's capital base totalled EUR 345 million, of which
EUR 225 million was Tier 1 equity. The Tier 1 equity includes the profit for the
financial year and deductions for dividends according to the Board of Directors'
proposal.

During the year, the Group issued subordinated bonds for EUR 55 million, which is
taken into account in the Tier 2 equity. All in all, this means that the Tier 2
equity rose to EUR 120 million.

The Group's risk-weighted commitments rose over the year by 9.8% to EUR 2,286
million. The capital adequacy ratio rose to 15.1%, with the proportion of Tier 1
capital being 9.8%.

Personnel

When converted into full-time employees, the number of actual bank staff
increased by 6 and totalled 683 (677) at the end of the financial year. The
average number of staff during the year was 805 (803).

Rating

Aktia's credit ratings as assessed by Moody's Investors Service Ltd are A3 for
long-term borrowing, P-2 for short-term borrowing, and C for financial strength,
all with a stable outlook. Aktia, via its subsidiary Aktia Real Estate Mortgage
Bank Plc, has been able to issue long-term bonds with a very high credit rating
of Aa2 from Moody's Investors Service Ltd.

Dividend proposal

Aktia's Board of Directors proposes to the Annual General Meeting that a dividend
of EUR 0.30 per share (EUR 0.25) be paid to shareholders, which is the equivalent
of EUR 10.6 million. The dividends will be recorded on 4 April and paid out on 11
April. In addition, the Board of Directors proposed an anniversary dividend of
EUR 0.10 per share, which would be paid out in conjunction with the anniversary
festivities in autumn. The preliminary date the dividend will be recorded is 20
October and the date it will be paid is 27 October.

Changes in the Board of Supervisors, Board of Directors and management

. On 18 April, Aktia Savings Bank's Annual General Meeting appointed Johan Bardy,
  Attorney-at-Law, and Marianne Österberg, Administrative Director and LL.M. as
  new members of the Board of Supervisors. The aforementioned replaced Director
  General Bo Göran Eriksson, LL.M. and Boris Westerlund, M.Sc. (Econ.).
. Robert Charpentier, M.Sc. (Econ), retired from the Board of Directors of Aktia
  in August after having left FöreningsSparbanken AB and moving on to a new post.
. In November, the Board of Supervisors appointed Lars-Olof Hammarén, Engineer,
  and Nina Wilkman, Attorney-at-Law, to the bank's Board of Directors. The
  Board's long-term Deputy Chairman, Lasse Koivu, M.Sc. (Econ.), has requested
  that he not be re-elected.
. Asko Rintala, M.Sc. (Econ.), Deputy Managing Director, deputy for the Managing
  Director and member of the Executive Committee, left Aktia on 1 November.
  Deputy Managing Director Jarl Sved, LL.M. was appointed as a deputy for the
  bank's Managing Director.

Operations and major events in 2004

Branch office operations

Aktia's network of branch offices has undergone some changes during the year. The
branch office in Parainen was completely renovated and property renovation was
carried out at the Töölöntori branch office in Helsinki. A service outlet was
opened up in Nummela (Vihti) and a branch office in Laihia has been upgraded with
an increase in resources.

Of the significant number of activities for customers and the general public that
the branch offices dedicate themselves to, "Aktia Days" in the beginning of April
that is organised in co-operation with the savings bank foundations can
particularly be mentioned. The overall theme of Aktia Days was saving in all its
myriad forms. The project "Isku Itämeren puolesta" (Striking a Blow for the
Baltic) was selected as Saver of the Year 2005 and received a grant from the
savings bank foundations.
Savings products

Aktia continued sales of its Aktia Kombi deposits. Aktia Kombi is a two-year
index-linked deposit that allows substantial additional earnings depending on the
underlying shares or the development of the value of the index. During the year,
three Aktia Kombi offers were launched.

The "Duo" offers were well received, and justifiably so, with savings and wealth
management customers. The twofold investment arrangements contain part high-
interest deposit and part fund investment in an amount that corresponds to that
of the deposit.

Aktia issued six bonds during the year, one of which is an index-linked bond and
the return from the other is tied to the development of the value of 20
international shares during the loan period.

Aktia Fund Management Ltd has 42 mutual funds in its range of products. As well
as having 18 of its own funds, whose portfolio management is the responsibility
of affiliated company Aktia Asset Management, it is also represents Robur's,
Hansa Investment Funds' and ABN Amro's funds. In the last year, Aktia Fund
Management Ltd's mutual funds have been ranked by the Morningstar Rating
Institute as the absolutely best fund management company in Finland.

Co-operation between Aktia Fund Management Ltd. and local co-operative banks has
increased and currently comprises four mutual funds that are offered under the
brand name of the local co-operative banks: POP.

Loan products

We were able to meet customer requirements for housing finance, both in the form
of mortgage loans granted by Aktia's subsidiary Aktia Real Estate Mortgage Bank
plc, and in the form of traditional bank loans. During the year, the housing
finance concept was supplemented with the possibility of having customers agree
about "flex credit", a check account, as an extra buffer for unforeseen minor
expenses. Aktia's customers have opted for a loan insurance for approximately one
third of all new loans.

An agreement was signed with the European Investment Bank on Aktia arranging
investment grants for small and medium-sized companies throughout Finland. The
loan for EUR 25 million is the first joint venture between the EIB and Aktia.
This partnership also improves Aktia's ability to act as part of the social
framework within its field of business.

Payment products

The establishment of the subsidiary Aktia Kort & Finans Ab shall be seen as a
step in the effort to pay greater attention to the range and terms and conditions
of various types of cards that the bank offers its customers. A major effort in
emphasising the payment features of Visa cards has been made over the year, and
the terms and conditions for credit linked to Visas have been improved and
advertised.

Even more Finns make payments on the"net". At the end of the year, 63% of all of
the payments made by Aktia's customers were made as Internet bank transactions.

Other events

Aktia Life Insurance was sold on to Life Insurance Company Veritas on 1 January
2005.

A letter of intent was signed in January, according to which Föreningen
Konstsamfundet and Veritas Pension Insurance Company intend to purchase 50% of
the shares of Real Estate Company Mannerheimintie 14 from Aktia. The transaction
will be completed and the complete overhaul with the incorporation of parts of
the property in Forum's shopping centre will be commenced as soon as the town
planning amendments and building permits have been issued. Aktia's activities in
the property are continuing.

In order to rationalise the profit-sharing for personnel, a personnel fund was
established that all Aktia Group employees are part of. The personnel fund
receives a portion of the bank's profit with the understanding that the
objectives defined annually by the bank's Board of Directors have been attained.
Payment to members from the fund will occur in accordance with the legal
provisions about personnel funds. The excellent results in 2005 allowed EUR 1.8
million to be issued to the personnel fund.

In the middle of April, Aktia Real Estate Mortgage Bank plc issued its second
covered bond on the European market. Thanks to the high credit rating of the
issue and the interest shown by foreign institutional investors in Finnish
covered bonds, the issue succeeded in raising EUR 250 million. It was hugely
oversubscribed and achieved good geographic distribution. The loan period is 10
years, and the mortgages granted by the Mortgage Bank are used as collateral.

In July, Aktia was informed that the annuity insurance institute Hereditas had
increased its shareholding in the bank to 10.2% and that Oy Hammarén Co Ab had
acquired 5.1% of the shares. In September, the bank was informed that
FöreningsSparbanken had reduced its shareholding to 1.1%, primarily by selling
its shares in Aktia to a large number of existing shareholders.

To be able to offer both sales and purchase partners in the housing and property
business a comprehensive range of services under the same roof, Aktia decided to
establish a real estate agency. The operation will be gradually developed through
corporate acquisitions and recruiting. The first step was taken in October when a
majority share in Turun Kiinteistö- ja Vuokravälitys Arena in Turku was acquired.
In November, the subsidiary Aktia Kiinteistönvälitys Tampere Oy was established
and in December, Aktia Kiinteistönvälitys Keski-Uusimaa-Vantaa Oy.

Security fund, guarantee fund and compensation fund

The voluntary security fund for savings banks

Aktia withdrew from the Savings Banks Association in early 2003. As a natural
consequence of this, an agreement was reached on Aktia withdrawing from the
voluntary security fund for savings banks at the end of 2005, which resulted in a
non-recurring income for Aktia of EUR 12.9 million and represented nearly 42% of
the total assets of the fund.

Deposit Guarantee Fund

Aktia's deposit customers are still protected through the statutory Deposit
Guarantee Fund. Membership in the Deposit Guarantee Fund, which was established
in 1998 and safeguards deposits by private investors up to EUR 25,000, is
obligatory for all banks. Aktia's total contribution to the fund was EUR 1.4
million in 2005. At the end of the year, the total assets of the fund stood at
EUR 381.8 million.

Investors' Compensation Fund

Banks and brokerage firms are members of the Investors' Compensation Fund. The
purpose of the fund is to safeguard the interests of small investors in the event
that a bank or brokerage firm becomes insolvent. Individual investors may receive
compensation up to EUR 20,000. By the end of the year, the total assets of the
fund amounted to EUR 4.9 million.

Important events after the end of the financial year

Due to increasing market interest rates at the end of the year, Aktia's prime
rate was raised from 2.25% to 2.50% on 1 January 2006. The last adjustment to the
interest rate was made in June 2003.

In the beginning of January, Aktia set up a real estate agency in Sipoo, where
the bank acquired the majority share of LKV Donne Oy.

At the end of the month, Aktia announced that it had acquired a minority share of
the newly established private equity company Unicus Oy. The other owners are eQ
Abp and persons in the company's executive committee. The company's business
concept is to made majority investments in small and medium-sized companies from
Finland that are not publicly listed and have a turnover of between EUR 5 and 50
million. Unicus Oy's investor consortium consists of private individuals, family
groups, associations and other institutional investors.

In the beginning of February, Aktia set up a real estate agency in Helsinki,
Espoo and Kauniainen via a newly established subsidiary.

Prospects for 2006

The objective is to further improve profitability in operative activities,
primarily through investments that generate more commission income.

 Profit and loss account              Group               Bank                
 (EUR millions)                       JAN -     JAN -     JAN -     JAN -     
                                      DEC/2005  DEC/2004  DEC/2005  DEC/2004  
   Interest income                    134.1     120.6     118.5     113.8     
   Interest expenses                  54.4      46.7      43.2      42.4      
 Net interest income                  79.7      73.9      75.3      71.4      
   Income from Tier 1 capital         1.2       1.9       2.4       3.6       
   instruments                                                                
   Commission income                  38.6      35.7      31.8      30.8      
   Commission expenses                -6.0      -5.4      -4.2      -3.9      
   Net income from securities and     1.4       3.7       1.4       3.5       
   currency trading                                                           
   Net income from financial assets   -1.0      0.0       -0.4      0.0       
   for sale                                                                   
   Net income from administrative     2.1       2.2       1.2       1.2       
   properties                                                                 
   Other operating income             16.3      1.2       17.3      1.6       
   Total other income                 52.6      39.3      49.6      36.8      
 Total income                         132.3     113.2     124.9     108.2     
   Staff costs                        38.8      36.4      36.3      34.3      
   Other administrative expenses      22.7      21.7      21.1      20.5      
   Depreciation and amortisation of   4.1       6.7       3.2       6.1       
   tangible and intangible assets                                             
   Other operating expenses           10.1      10.8      10.8      11.7      
 Total costs                          75.7      75.5      71.3      72.6      
 Profit before write-downs            56.6      37.7      53.5      35.7      
   Sector-specific credit loss        -7.5      -2.0      -7.5      -2.0      
   provisions                                                                 
   Write-downs on credits and other   -1.0      0.0       -1.0      0.0       
   commitments                                                                
   Write-downs on financial assets    -         -         -         -         
   Share of the result from           1.0       0.2       -         -         
   associated undertakings                                                    
 Net operating profit                 49.1      35.8      45.0      33.7      
   Appropriations                     -         -         -14.3     -14.3     
   Taxes for the period and for       -9.5      -6.3      -8.8      -6.1      
   previous reporting periods                                                 
   Changes in deferred tax            -2.3      -7.1      -         -         
   liabilities                                                                
   Minority share of the result for   -0.3      -0.2      -         -         
   the period                                                                 
 Profit for the period                37.0      22.2      21.9      13.3      

 Balance sheet                        Group               Bank                
 (EUR millions)                       31 DEC    31 DEC    31 DEC    31 DEC    
                                      2005      2004      2005      2004      
 ASSETS                                                                       
   Liquid assets                      283.7     249.8     283.7     249.8     
   Bonds that are eligible for        714.7     628.8     694.1     614.9     
   refinancing at central banks                                               
   Claims on credit institutions      23.7      16.9      256.2     179.8     
   Claims on the public and public    3,249.5   2,892.0   2,517.4   2,486.1   
   sector entities                                                            
   Bonds                              66.3      86.7      75.4      89.4      
   Shares and participations          29.3      22.8      26.9      21.7      
   Shares and participations in       2.7       2.6       2.0       1.9       
   associated companies                                                       
   Shares and participations in group 0.0       5.2       23.1      24.9      
   companies                                                                  
   Derivative instruments             4.0       6.8       4.0       6.8       
   Intangible assets                  2.7       3.6       1.7       2.3       
   Tangible assets                    95.6      100.5     69.8      71.5      
   Other assets                       54.2      37.6      54.0      37.5      
   Accrued expenses and advance       27.0      22.9      31.9      25.0      
   payments                                                                   
 Total assets                         4,553.5   4,076.2   4,040.0   3,811.6   
                                                                              
 LIABILITIES                                                                  
 Foreign capital                                                              
   Liabilities to credit institutions 851.0     780.5     863.1     789.1     
   Borrowing from the public          2,308.6   2,195.8   2,317.4   2,198.7   
   Other liabilities to the public    30.2      34.0      30.2      34.0      
   and public sector entities                                                 
   Debt securities issued to the      786.3     575.6     287.7     326.1     
   public                                                                     
   Derivative instruments             4.0       6.8       4.0       6.8       
   Other liabilities                  106.9     90.4      105.6     89.5      
   Compulsory provisions              1.8       1.1       1.8       1.1       
   Accrued expenses and advance       24.3      22.6      20.9      20.6      
   payments received                                                          
   Subordinated liabilities           163.3     138.8     151.5     124.2     
   Deferred tax liabilities           27.7      22.7      2.3       -         
   Accumulated appropriations         -         -         81.2      66.9      
                                      4,304.0   3,868.4   3,865.7   3,656.9   
 Equity                                                                       
   Share capital                      70.6      70.6      70.6      70.6      
   Share premium account              1.9       1.9       1.9       1.9       
   Ordinary reserve                   8.1       8.1       8.1       8.1       
   Fund at fair value                 7.7       -         6.6       -         
   Retained earnings                  117.8     104.4     65.3      60.8      
   Profit for the period              37.0      22.2      21.9      13.3      
   Minority interest                  6.3       0.6       -         -         
                                      249.5     207.8     174.4     154.7     
 Total liabilities                    4,553.5   4,076.2   4,040.0   3,811.6   

 Off-balance-sheet commitments Group                   Bank                    
                               31 DEC 2005 31 DEC 2004 31 DEC 2005 31 DEC 2004 
 (EUR millions)                                                                
 Commitments provided to a                                                     
 third party on behalf of the                                                  
 customer                                                                      
   Guarantees                 43.2        43.6        43.2        43.6        
   Other commitments provided 25.8        23.7        25.8        23.7        
   to a third party on behalf                                                 
   of a customer                                                              
 Irrevocable commitments                                                       
 provided on behalf of a                                                       
 customer                                                                      
   Unused credit arrangements 171.6       160.4       196.6       169.7       
   Other irrevocable          41.1        32.1        55.0        40.5        
   commitments                                                                
 Off-balance-sheet commitments 281.8       259.8       320.6       277.5       
                                                                              
 Derivative contracts                       Group                              
                               31 DEC 2005              31 DEC 2004            
                               For     Other  Actual  For     Other  Actual  
                               hedging        value   hedging        value   
                               purpose                purpose                
                               s                      s                      
   Interest rate-related      4,007.8 526.1  7.7     1,909.4 6.6    13.2    
     Forward rate agreements  1,394.0 244.0  -0.6    50.0    0.0    0.3     
     Interest rate swaps      458.4   6.7    7.7     454.8   2.0    10.5    
     Interest rate option     2,155.4 275.4  0.7     1,404.6 4.6    2.3     
   agreements                                                               
      Purchased               1,089.4 126.0  7.2     704.6   0.0    3.0     
      Written                 1,066.0 149.4  -6.5    700.0   4.6    -0.7    
   Currency-related           26.8    0.0    0.1     59.7    0.0    -1.1    
     Forward rate agreements  26.8    0.0    0.1     59.7    0.0    -1.1    
   Equity-related             88.5    88.5   8.7     85.3    85.3   4.9     
     Equity options           88.5    88.5   8.7     85.3    85.3   4.9     
      Purchased               88.5    0.0    8.7     85.3    0.0    4.9     
      Written                 0.0     88.5   0.0     0.0     85.3   0.0     
                                                                             
                                           Bank                               
                              31 DEC 2005              31 DEC 2004            
                              For     Other  Actual  For     Other  Actual  
                              hedging        value   hedging        value   
                              purpose                purpose                
                              s                      s                      
   Interest rate-related      4,651.7 526.1  13.9    2,261.1 6.6    17.5    
     Forward rate agreements  1,470.0 244.0  -0.6    80.0    0.0    0.3     
     Interest rate swaps      1,026.3 6.7    13.8    776.5   2.0    14.9    
     Interest rate option     2,155.4 275.4  0.7     1,404.6 4.6    2.3     
   agreements                                                               
      Purchased               1,089.4 126.0  7.2     704.6   0.0    3.0     
      Written                 1,066.0 149.4  -6.5    700.0   4.6    -0.7    
   Currency-related           26.8    0.0    0.1     59.7    0.0    -1.1    
     Forward rate agreements  26.8    0.0    0.1     59.7    0.0    -1.1    
   Equity-related             88.5    88.5   8.7     85.3    85.3   4.9     
     Equity options           88.5    88.5   8.7     85.3    85.3   4.9     
      Purchased               88.5    0.0    8.7     85.3    0.0    4.9     
      Written                 0.0     88.5   0.0     0.0     85.3   0.0     
                                                                               

  Group result                  4/20 3/20 2/20 1/20 4/20 3/20 2/20 1/20 
 by quarter (EUR million)       05   05   05   05   04   04   04   04   
   Net interest income         20.3 20.0 20.2 19.2 19.1 18.9 18.0 17.9 
   Income from Tier 1 capital  0.0  0.0  0.2  1.0  0.0  0.0  0.4  1.4  
   instruments                                                         
   Commission income           10.2 9.4  10.4 8.5  8.7  8.5  8.9  9.6  
   Commission expenses         -1.7 -1.5 -1.5 -1.3 -1.5 -1.3 -1.5 -1.2 
   Net income from securities  0.4  0.4  0.4  0.3  2.0  0.4  0.1  1.2  
   and currency trading                                                
   Net income from financial   -1.6 0.0  0.0  0.6  -    -    -    -    
   assets for sale                                                     
   Net income from             0.5  0.4  0.5  0.6  0.4  0.5  0.7  0.5  
   administrative properties                                           
   Other operating income      15.1 0.3  0.3  0.6  0.3  0.2  0.5  0.2  
 Total income                   43.2 29.0 30.6 29.5 29.1 27.3 27.2 29.6 
                                                                       
   Staff costs                 -11. -8.4 -9.9 -9.5 -10. -7.7 -9.2 -9.0 
                               0                   4                   
   Other administrative        -6.4 -4.8 -5.7 -5.8 -6.3 -4.7 -5.1 -5.6 
   expenses                                                            
   Depreciation and            -1.0 -1.0 -1.0 -1.1 -1.6 -1.6 -1.8 -1.7 
   amortisation of tangible                                            
   and intangible assets                                               
   Other operating expenses    -2.4 -2.4 -2.5 -2.9 -2.2 -2.5 -2.7 -3.3 
 Total costs                    -20. -16. -19. -19. -20. -16. -18. -19. 
                                7    6    1    3    4    6    8    7    
                                                                       
   Write-downs on credits and  -0.9 -0.1 -0.2 0.2  0.0  0.1  0.0  -0.1 
   other commitments                                                   
   Sector-specific credit loss -6.5      -1.0 -    -0.7 -0.8 -0.5 -    
   provisions                                                          
   Share of the result from    0.0  0.3  0.3  0.3  0.1  0.2  -0.1 0.0  
   associated undertakings                                             
 Net operating profit           15.1 12.7 10.7 10.7 8.1  11.0 8.2  9.7  
                                                            
 Key figures for the Group (EUR                             
 million)                                                   
 Specification of outstanding credit 31 DEC    31 DEC 2004  
                                     2005                   
    Households                       2,631     2,328        
    Corporations                     340       362          
    Housing associations             227       151          
    Non-profit organisations         41        39           
    Public sector entities           11        12           
 Total                               3,250     2,892        
                                                            
 Risk commitments                                           
    Non-performing loans             9.9       11.3         
    Non-interest-bearing loans       0.2       0.2          
    Non-performing/credit stock      0.3       0.4          
    incl. commitments (%)                                   
                                                            
 Key figures                                                
    Earnings/share 1)                1.05      0.63         
    Equity/share p.a. 2)             6.89      5.87         
    Return on equity ROE (%) 3)      16.3      11.2         
    Cost-to-income ratio 4)          0.57      0.67         
    Number of shares                 35,298,05 35,298,050   
                                     0                      
    Average number of shares during  35,298,05 35,278,050   
    the period                       0                      
    Average number of staff during   805       803          
    the period                                              

 1  Net operating profit plus or minus the minority interest in the result for 
 )  the reporting period, divided by the average number of shares for the      
    year.                                                                      
 2  Equity excluding minority interest divided by the number of shares at the  
 )  end of the year.                                                           
 3) Net operating profit after taxes divided by the sum of the year's average  
    equity, including the minority interest (the average of the opening and    
    closing balance sheet total for the report period)                         
 4  Total costs divided by total income.                                       
 )                                                                             

 Capital Adequacy                   31 DEC    31 DEC 2004  
                                    2005                   
    Tier 1 capital                  225       195          
    Tier 2 capital                  120       98           
    Tier 3 capital                   -        -            
    Capital base                    345       293          
                                                           
    Risk-weighted commitments       2,286     2,082        
                                                           
    Capital adequacy (%)            15.1      14.1         
    Tier 1 capital ratio (%)        9.8       9.4          
    Tier 1 capital                  225       195          


The auditor's report for the accounting period is not yet completed.


Helsinki, 16 February 2006

AKTIA SAVINGS BANK PLC

Board of Directors

For further information:
Managing Director Mikael Ingberg, tel. 010 247 6210
Financial Director Olav Uppgård, tel. 010 247 6397, 0500 532 628

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