Aktia Bank Plc (subsidiary to the listed Aktia plc): Accounts Announcement 1 January - 31 December 2012
Aktia Bank Plc (subsidiary to the listed Aktia plc)
Accounts Announcement 1 January - 31 December 2012
14 February 2013 at 11.00 am
Profit for 1–12/2012
Aktia Bank plc is a subsidiary to the listed Aktia plc and operates as parent company in the Bank Group.
Subsidiaries in the Bank Group are: Aktia Real Estate Mortgage Bank plc, Aktia Asset Management Ltd, Aktia Fund Management Company Ltd, Aktia Invest Ltd and Aktia Corporate Finance Ltd.
The Bank Group’s operating profit for 2012 was EUR 38.8 (37.4) million. Profit for the year was EUR 24.3 (25.7) million. Earnings per share stood at EUR 7.8 (8.2) million.
The Banking Business’ operating profit improved to EUR 39.6 (36.4) million. Asset Management improved its profitability and reached an operating profit of EUR 9.4 (5.6) million.
| Key figures | |||||||||
| (EUR million) | 10-12/ 2012 | 10-12/ 2011 | ∆ % | 2012 | 2011 | ∆ % | 7-9/ 2012 | 4-6/ 2012 | 1-3/ 2012 |
| Earnings per share (EPS) | -0.6 | 0.8 | - | 7.8 | 8.2 | -5% | 2.3 | 3.2 | 2.9 |
| Equity per share (NAV) 1) | 141.3 | 106.4 | 33% | 141.3 | 106.4 | 33% | 139.9 | 127.5 | 130.9 |
| Return on equity (ROE), % | -1.4 | 2.5 | - | 5.6 | 6.8 | -18% | 6.1 | 8.8 | 8.8 |
| Total earnings per share | 1.4 | -0.6 | - | 31.6 | 2.0 | - | 12.4 | 3.3 | 14.5 |
| Number of shares at the end of the period 1) | 3 | 3 | 0% | 3 | 3 | 0% | 3 | 3 | 3 |
| Cost-to-income ratio | 0.89 | 0.78 | 14% | 0.74 | 0.73 | 1% | 0.69 | 0.69 | 0.68 |
| Capital adequacy ratio, % 1) | 20.2 | 16.2 | 25% | 20.2 | 16.2 | 25% | 19.9 | 18.9 | 18.1 |
| Tier 1 capital ratio, % 1) | 11.8 | 10.6 | 11% | 11.8 | 10.6 | 11% | 11.8 | 11.7 | 11.3 |
| 1) At the end of the period |
”Accounts Announcement 1 January - 31 December 2012” is a translation of the original report in Swedish (”Aktia Bank Bokslutskommuniké 1.1-31.12.2012”). In case of discrepancies, the Swedish version prevails.
Managing Director Jussi Laitinen
Deputy Managing Director Stefan Björkman, tel. +358 10 247 6595
CFO Fredrik Westerholm, tel. +358 10 247 6505
IR Anna Gabrán, tel. +358 10 247 6501