Aktia Bank Plc (subsidiary of the listed Aktia Plc): Accounts Announcment 2010 17 February 2011 at 8.00 am
Profit for 2010
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 Oy Ab, Aktia Fund Management Company Ltd, Aktia Invest Ltd, Aktia Card & Finance Ltd and Aktia Corporate Finance Ltd.
- The Bank Group’s operating profit for continuing operations during 2010 was EUR 70.9 (54.2) million. Profit for the period was EUR 52.6 (37.6) million. Earnings per share was EUR 16.7 (12.7) million.
- The Banking Business operating profit during 2010 rose by 28% to EUR 69.8 (54.6) million. The Asset Management improved profitability and reached an operating profit of EUR 4.4 (0.9) million.
| Key figures: (EUR million) | 2010 | 2009 | ∆ | 10-12/ 2010 | 10-12/ 2009 | ∆ | 7-9/ 2010 | 4–6/ 2010 | 1–3/ 2010 |
| Earnings per share (EPS), continuing operations | 16.7 | 13.3 | 26% | 2.9 | 4.0 | -28% | 4.8 | 5.2 | 3.9 |
| Earnings per share (EPS), discontinued operations | -- | -0.6 | -- | -- | -- | -- | -- | -- | -- |
| Earnings per share (EPS), total | 16.7 | 12.7 | 32% | 2.9 | 4.0 | -28% | 4.8 | 5.2 | 3.9 |
| Equity per share (NAV)1 | 110.9 | 117.0 | -5% | 110.9 | 117.0 | -5% | 117.3 | 112.3 | 122.4 |
| Return on equity (ROE), % | 13.8 | 11.0 | 26% | 9.6 | 13.0 | -26% | 15.3 | 16.7 | 12.5 |
| Total earnings per share | 8.2 | 25.3 | -68% | -6.5 | 1.9 | -- | 5.1 | -0.1 | 9.7 |
| Number of shares1 | 3 | 3 | 0% | 3 | 3 | 0% | 3 | 3 | 3 |
| Cost-to-income ratio, continuing operations | 0.59 | 0.57 | 4% | 0.68 | 0.57 | 19% | 0.58 | 0.54 | 0.57 |
| Capital adequacy ratio1, % | 15.9 | 15.9 | 0% | 15.9 | 15.9 | 0% | 17.0 | 16.5 | 16.2 |
| Tier 1 capital ratio 1, % | 10.1 | 9.5 | 6% | 10.1 | 9.5 | 6% | 10.4 | 10.1 | 9.6 |
| 1 At the end of the period |
”Accounts Announcement 1 January - 31 December 2010” is a translation of the original report in Swedish (”Aktia Bank Bokslutskommuniké 1.1-31.12.2010”). In case of discrepancies, the Swedish version prevails.
Further information:
Jussi Laitinen, CEO tel. +358 10 247 6201
Stefan Björkman, deputy CEO and CFO tel. +358 10 247 6595
Anna Gabrán, Investor Relations Manager tel. +358 10 247 6501