Aktia Bank plc Interim report 1 January - 30 June 2011
Profit for 1-6/2011
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 Invest Ltd, Aktia Card Ltd and Aktia Corporate Finance Ltd.
- The Bank Group’s operating profit during the first half year of 2011 was EUR 24.4 (38.4) million. Profit for the period was EUR 18.0 (28.5) million. Earnings per share was EUR 5.6 (9.1) million.
- The Banking Business’ operating profit decreased to EUR 25.2 (37.9) million. Asset Management improved its profitability and reached an operating profit of EUR 3.1 (2.0) million.
| Key figures | ||||||||
| (EUR million) | 1-6/ 2011 | 1-6/ 2010 | ∆ | 4-6/ 2011 | 4-6/ 2010 | ∆ | 1-3/ 2011 | 1-12/ 2010 |
| Earnings per share (EPS), EUR | 5.6 | 9.1 | -38% | 2.1 | 5.2 | -59% | 3.5 | 16.7 |
| Equity per share (NAV)1 | 103.1 | 112.3 | -8% | 103.1 | 112.3 | -8% | 100.1 | 110.9 |
| Return on equity (ROE), % | 9.7 | 14.9 | -35% | 7.5 | 16.7 | -55% | 12.5 | 13.8 |
| Total earnings per share | -1.1 | 9.6 | - | 3.0 | -0.1 | - | -4.1 | 8.2 |
| Number of shares at the end of the period1 | 3 | 3 | 0% | 3 | 3 | 0% | 3 | 3 |
| Cost-to-income ratio, continuing operations | 0.68 | 0.55 | 24% | 0.74 | 0.54 | 37% | 0.63 | 0.59 |
| Capital adequacy ratio1 , % | 16.6 | 16.5 | 1% | 16.6 | 16.5 | 1% | 16.0 | 15.9 |
| Tier 1 capital ratio1, % | 10.8 | 10.1 | 6% | 10.8 | 10.1 | 6% | 10.3 | 10.1 |
| 1 At the end of the period |
Aktia Bank Plc
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, anna.gabran(at)aktia.fi