Aktia Bank plc: Interim report January–March 2017
Aktia Bank plc
Interim report January-March 2017
11.5.2017 at 8:00 a.m.
CEO Martin Backman
”Increased sales, successful launches of new investment funds and a strong market development contributed to a 12 % increase in net commission income.
A revision of Aktia’s strategy has been initiated, aiming at increased profitability.”
JANUARY-MARCH 2017: OPERATING PROFIT EUR 16.4 (14.6) MILLION
- Full-scale implementation of the core banking system is planned for the second half of 2017.
- Martin Backman took office 6 March 2017 as President & CEO
- Aktia Real Estate Mortgage Bank was merged with Aktia at the end of February.
- Aktia in the top of fixed income fund management again.
- Aktia donated EUR 500,000 to universities.
Outlook for 2017 (unchanged): The operating profit for 2017 is estimated to be lower than in 2016, as no larger one-time gains are expected.
Key figures
| (EUR million) | 1Q2017 | 1Q2016 | ∆% | 2016 | 4Q2016 | 1Q/4Q | 3Q2016 | 2Q2016 |
| Net interest income | 23.4 | 24.6 | -5 % | 95.6 | 23.0 | 2 % | 23.9 | 24.1 |
| Net commission income | 21.1 | 18.9 | 12 % | 79.7 | 20.1 | 5 % | 20.0 | 20.7 |
| Total operating income | 53.1 | 50.4 | 5 % | 211.3 | 50.6 | 5 % | 50.9 | 59.4 |
| Total operating expenses | -37.3 | -36.5 | 2 % | -148.4 | -40.5 | -8 % | -34.6 | -36.8 |
| Write-downs on credits and other commitments | -0.1 | -0.1 | -29 % | -2.2 | -1.5 | -97 % | -0.5 | -0.1 |
| Operating profit | 16.4 | 14.6 | 13 % | 61.5 | 8.6 | 90 % | 15.8 | 22.4 |
| Cost-to-income ratio | 0.70 | 0.72 | -3 % | 0.70 | 0.80 | -13 % | 0.68 | 0.62 |
| Earnings per share (EPS), EUR | 0.20 | 0.18 | 13 % | 0.74 | 0.10 | 103 % | 0.19 | 0.27 |
| Equity per share (NAV)1, EUR | 9.34 | 9.56 | -2 % | 9.24 | 9.24 | 1 % | 9.35 | 9.15 |
| Return on equity (ROE), % | 8.7 | 7.6 | 15 % | 8.0 | 4.2 | 106 % | 8.4 | 11.6 |
| Common Equity Tier 1 capital ratio1, % | 18.2 | 19.5 | -7 % | 19.5 | 19.5 | -7 % | 19.2 | 19.7 |
| Capital adequacy ratio1, % | 24.8 | 25.6 | -3 % | 26.3 | 26.3 | -6 % | 25.5 | 26.2 |
| Write-downs on credits / total loan book, % | 0.00 | 0.00 | - | 0.04 | 0.03 | -100 % | 0.01 | 0.00 |
1) At the end of the period
Financial calendar
Interim report January - June 2017 8 August 2017
Interim report January - September 2017 8 November 2017
AKTIA BANK PLC
Board of Directors
Distribution:
Nasdaq Helsinki,
mass media,
www.aktia.com
Aktia provides a broad range of products within banking, insurance and real estate agency. Aktia operates mainly in coastal areas and inland growth areas. Aktia has ca 380,000 customers who are served by about 1,000 employees at 45 branch offices and via online and telephone services. Aktia's shares (AKTAV, AKTRV) are listed on the list of Nasdaq Helsinki Ltd. For more information about Aktia see www.aktia.com
CEO Martin Backman, tel. +358 10 247 6250
Head of IR Anna Gabrán, tel. +358 10 247 6501, anna.gabran(at) aktia.fi