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Aktia Bank plc Interim report 1 January - 31 March 2011

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Profit for January - March 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 quarter of 2011 was EUR 14.9 (16.6) million.

  • Profit for the period was EUR 11.3 (12.3) million.
  • Earnings per share was EUR 3.5 (3.9) million.
  • The Banking Business’ operating profit decreased to EUR 16.0 (17.4) million.
  • Asset Management improved its profitability and reached an operating profit of EUR 1.5 (0.9) million. 
Key figures (EUR million) 1-3/2011 1-3/2010 ∆%  10-12/2010 ∆%   
2010
             
Equity per share (NAV) 1 100.1 122.4 -18% 110.9 -10% 110.9
Return on equity (ROE), % 12.5 12.5 -1% 9.6 30% 13.8
Number of shares at the end of the period 1 3 3 0% 3 0% 3
             
Cost-to-income ratio 0.63 0.57 11% 0.68 -7% 0.59
             
Capital adequacy ratio 1, % 16.0 16.2 -2% 15.9 0% 15.9
Tier 1 capital ratio 1, % 10.3 9.6 8% 10.1 2% 10.1
             
1) At the end of the period            

  

"Interim Report 1 January - 31 March 2011" is a translation of the original report in Swedish ("Aktia Bank Delårsrapport 1.1-31.3.2011"). In case of discrepancies, the Swedish version prevails.

         For additional information, please contact:
         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

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