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Aktia Bank plc: Interim Report 1 January - 30 June 2013

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Aktia Bank plc: Interim Report 1 January - 30 June 2013


NEW PARENT COMPANY FOR THE AKTIA GROUP

As from 1 July 2013, Aktia Bank plc is the new listed parent company for the Aktia Group. The former parent company of the Aktia Group, Aktia plc, merged with its subsidiary on 1 July 2013 and was de-listed from the NASDAQ OMX Helsinki exchange. The activities carried out by Aktia Bank plc after the merger are the same and equivalent to the totality operated by Aktia plc up to 30 June 2013. To gain an overall picture of the Aktia Group’s profits and financial position in the period January-June 2013, this interim report should be read alongside Aktia plc’s interim report for January-June 2013.

APRIL-JUNE 2013: OPERATING PROFIT EUR 14.0 (13.0) MILLION

  • The Bank Group’s operating profit improved to EUR 14.0 (13.0) million.
  • Profit for the period totalled EUR 10.5 (9.8) million.
  • Earnings per share stood at EUR 3.4 (3.2) million.
  • Net interest income totalled EUR 28.1 (29.5) million.
  • Write-downs on credits and other commitments decreased by 56% to EUR 0.4 (1.0) million.

JANUARY-JUNE 2013: OPERATING PROFIT EUR 29.4 (25.4) MILLION

  • The Bank Group’s operating profit amounted to EUR 29.4 (25.4) million.
  • Profit for the period totalled EUR 22.2 (18.9) million.
  • Earnings per share stood at EUR 7.3 (6.1) million.
  • The capital adequacy ratio stood at 20.3 (31 December 2012; 20.2)% and the Tier 1 capital ratio at 12.1 (11.8)%.
    Equity per share stood at EUR 134.1 (31 December 2012; 141.3) million.
  • Net interest income totalled EUR 57.9 (59.0) million.
  • Write-downs on credits and other commitments decreased by 46 % to EUR 1.5 (2.8) million.
  • OUTLOOK (unchanged): Despite the probably persistent low interest rate level, and one-off costs from implementing the Plan of Action 2015, the Group’s operating profit for 2013 is expected to reach approximately the 2012 level.
KEY FIGURES
(EUR million)		 4-6/ 2013 4-6/ 2012 ∆ %      1-6/ 2013 1-6/ 2012 ∆ %      1-3/ 2013 2012
Net interest income 28.1 29.5 -5% 57.9 59.0 -2% 29.8 116.5
Total operating income 48.5 46.6 4% 97.2 92.3 5% 48.7 183.4
Total operating expenses -34.1 -32.3 6% -66.5 -63.6 5% -32.4 -136.0
Operating profit before write downs on credits 14.5 13.9 4% 31.0 28.3 10% 16.5 45.1
Write-downs on credits and other commitments -0.4 -1.0 -56% -1.5 -2.8 -46% -1.1 -6.4
Operating profit 14.0 13.0 8% 29.4 25.4 16% 15.4 38.8
Cost-to-income ratio 0.70 0.69 1% 0.68 0.69 -1% 0.67 0.74
Earnings per share (EPS), EUR 3.4 3.2 6% 7.3 6.1 19% 3.9 7.8
Equity per share (NAV)1), EUR 134.1 127.5 5% 134.1 127.5 5% 134.9 141.3
Return on equity (ROE), % 8.9 8.8 2% 9.3 9.2 1% 9.8 5.6
Capital adequacy ratio1) % 20.3 18.9 8% 20.3 18.9 8% 20.0 20.2
Tier 1 capital ratio, % 1) 12.1 11.7 3% 12.1 11.7 3% 11.7 11.8

1) At the end of the period                                                                                                                                                                                                                                                                                                                                                

The Interim Report January-June 2013 is a translation of the original Swedish version ”Delårsrapport 1.1-30.6.2013”. In case of discrepancies, the Swedish version shall prevail.

         CEO Jussi Laitinen, tel. +358 10 247 6250
         CFO Fredrik Westerholm, tel. +358 10 247 6505
         IR Anna Gabrán, tel. +358 10 247 6501, +358 40 7081807

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