Aktia Bank Plc: Accounts Announcement 2011
Aktia Bank Plc: Financial Statement release
15 February 2012 at 2 p.m.
Aktia Bank Plc: Profit for 1-12/2011
Aktia Bank 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, Aktia Card Ltd and Aktia Corporate Finance Ltd.
The Bank Group’s operating profit for 2011 was EUR 37.4 (70.9) million. Profit for the period was EUR 25,7 (52.6) million. Earnings per share stood at EUR 8.2 (16.7) million.
The Banking Business’ operating profit decreased to EUR 36.4 (69.8) million. Asset Management improved its profitability and reached an operating profit of EUR 5.6 (4.4) million.
| Key figures | |||||||||
| (EUR million) | 1-12/2011 | 1-12/2010 | ∆ % | 10-12/2011 | 10-12/2010 | ∆ % | 7-9 /2011 | 4-6/2011 | 1-3/2011 |
| Earnings per share (EPS) | 8.2 | 16.7 | -51 % | 0.8 | 2.9 | -73 % | 1.8 | 2.1 | 3.5 |
| Equity per share (NAV) 1) | 106.4 | 110.9 | -4 % | 106.4 | 110.9 | -4 % | 106.7 | 103.1 | 100.1 |
| Return on equity (ROE), % | 6.8 | 13.8 | -51 % | 2.5 | 9.6 | -74 % | 5.7 | 7.5 | 12.5 |
| Total earnings per share | 2.0 | 8.2 | -75 % | -0.6 | -6.5 | 91 % | 3.7 | 3.0 | -4.1 |
| Number of shares at the end of the period 1) | 3 | 3 | 0 % | 3 | 3 | 0 % | 3 | 3 | 3 |
| Cost-to-income ratio | 0.73 | 0.59 | 24 % | 0.78 | 0.68 | 15 % | 0.79 | 0.74 | 0.63 |
| Capital adequacy ratio, % 1) | 16.2 | 15.9 | 2 % | 16.2 | 15.9 | 2 % | 16.6 | 16.6 | 16.0 |
| Tier 1 capital ratio, % 1) | 10.6 | 10.1 | 5 % | 10.6 | 10.1 | 5 % | 10.8 | 10.8 | 10.3 |
| 1) At the end of the period |
"Accounts Announcement 1 January - 30 December 2011" is a translation of the original report in Swedish ("Bokslutskommuniké Aktia Bank Abp 1.1-31.12.2011"). In case of discrepancies, the Swedish version prevails.
AKTIA BANK PLC
For more information, please contact:
Managing Director Jussi Laitinen, tel. +358 10 247 6250
Deputy Managing Director, CFO Stefan Björkman, tel. +358 10 247 6595
From:
IR Manager Anna Gabrán, tel. +358 10 247 6501, +358 40 7081807
Communications Manager Göran Stenberg, tel. +358 10 247 6590
Distribution:
Nasdaq OMX Helsinki,
mass media,
www.aktia.fi