Aktia Bank Plc: Interim report 1.1-30.6.2012
Profit for 1–6/2012
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 Card Ltd, Aktia Invest Ltd and Aktia Corporate Finance Ltd.
The Bank Group’s operating profit for the first six months of 2012 amounted to EUR 25.4 (24.4) million. Profit for the period was EUR 18.9 (18.0) million. Earnings per share stood at EUR 6.1 (5.6) million.
The banking business’ operating profit decreased to EUR 23.6 (25.2) million. Asset management improved its profitability and reached an operating profit of EUR 4.3 (3.1) million.
| Key figures | ||||||||
| (EUR million) | 4–6/ 2012 | 4-6/ 2011 | ∆ % | 1–6/ 2012 | 1–6/ 2011 | ∆ % | 1–3/ 2012 | 2011 |
| Earnings per share (EPS) | 3.2 | 2.1 | 52 % | 6.1 | 5.6 | 9 % | 2.9 | 8.2 |
| Equity per share (NAV) 1) | 127.5 | 103.1 | 24 % | 127.5 | 103.1 | 24 % | 130.9 | 106.4 |
| Return on equity (ROE), % | 8.8 | 7.5 | 17 % | 9.2 | 9.7 | -5 % | 8.8 | 6.8 |
| Total earnings per share | 3.3 | 3.0 | 10 % | 17.8 | -1.1 | - | 14.5 | 2.0 |
| Number of shares at the end of the period 1) | 3 | 3 | 0 % | 3 | 3 | 0 % | 3 | 3 |
| Cost-to-income ratio | 0.69 | 0.74 | -7 % | 0.69 | 0.68 | 1 % | 0.68 | 0.73 |
| Capital adequacy ratio, % 1) | 18.9 | 16.6 | 13 % | 18.9 | 16.6 | 13 % | 18.1 | 16.2 |
| Tier 1 capital ratio, % 1) | 11.7 | 10.8 | 9 % | 11.7 | 10.8 | 9 % | 11.3 | 10.6 |
1) At the end of the period
The Interim report January-June 2012 is a translation of the original Swedish version ”Delårsrapport 1.1-30.6.2012”. In case of discrepancies, the Swedish version shall prevail.
CEO Jussi Laitinen, tel. +358 10 247 5000
Deputy CEO, CFO Stefan Björkman, tel. +358 10 247 6595
IR Manager Anna Gabrán, tel. +358 10 247 6501