Aktia Bank Plc (subsidiary to the listed Aktia Plc) Interim report January-September 2011
Profit for 1-9/2011
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 during the first nine months 2011 amounted to EUR 31.6 (57.8)million. Profit for the reporting period was EUR 23.3 (43.4) million. Earnings per share stood at EUR 7.5 (13.8) million.
The Banking Business’ operating profit decreased to EUR 31.4 (56.3) million. Asset Management improved its profitability and reached an operating profit of EUR 4.4 (3.2) million.
| Key figures | |||||||||
| (EUR million) | 1-9/11 | 1-9/10 | ∆ | 7-9/11 | 7-9/10 | ∆ | 4-6/11 | 1-3/11 | 2010 |
| Earnings per share (EPS) | 7.5 | 13.8 | -46 % | 1.8 | 4.8 | -61 % | 2.1 | 3.5 | 16.7 |
| Equity per share (NAV)1 | 106.7 | 117.3 | -9 % | 106.7 | 117.3 | -9 % | 103.1 | 100.1 | 110.9 |
| Return on equity (ROE), % | 8.2 | 14.8 | -45 % | 5.7 | 15.3 | -63 % | 7.5 | 12.5 | 13.8 |
| Total earnings per share | 2.6 | 14.6 | -83 % | 3.7 | 5.1 | -28 % | 3.0 | -4.1 | 8.2 |
| Number of shares at the end of the period1 | 3 | 3 | 0 % | 3 | 3 | 0 % | 3 | 3 | 3 |
| Cost-to-income ratio | 0.72 | 0.56 | 29 % | 0.79 | 0.58 | 36 % | 0.74 | 0.63 | 0.59 |
| Capital adequacy ratio1, % | 16.6 | 17.0 | -2 % | 16.6 | 17.0 | -2 % | 16.6 | 16.0 | 15.9 |
| Tier 1 capital ratio1, % | 10.8 | 10.4 | 4 % | 10.8 | 10.4 | 4 % | 10.8 | 10.3 | 10.1 |
| 1At the end of the period |
CEO Jussi Laitinen, tel. +358 10 247 6250
Deputy CEO, CFO Stefan Björkman, +358 10 247 6595
IR-manager Anna Gabrán, +358 10 247 6501, +358 40 7081807
ir(at)aktia.fi