Aktia Bank plc's new segmentation of business operations 2008
Aktia Bank plc Stock Exchange Release 8.4.2009 at 16:00 Not for release or distribution in the United States, Australia, Canada or Japan Aktia Bank plc's new segmentation of business operations 2008 As of 1 January 2009, the division into segments is changed so that the segments Retail Banking and Corporate Banking & Treasury are combined to form the Banking Business segment. Comparative figures for 2008 relating to the new segmentation are presented below. Please note that the comparative figures only include a three month result for Aktia Bank plc, which influences Banking Business, Asset Management, Miscellaneous and Eliminations. Aktia Bank Plc has on 20.3.2009 agreed on sale of Aktia Life Insurance to Aktia Plc. Thus Aktia Life Insurance is reported as discontinued operations in the bank group's segment reporting. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Income statement | Banking Business | -------------------------------------------------------------------------------- | (EUR millions) | 1.1.-31.12. | -------------------------------------------------------------------------------- | Net interest income | 30,1 | -------------------------------------------------------------------------------- | Dividends | 0,0 | -------------------------------------------------------------------------------- | Net commission income | 5,2 | -------------------------------------------------------------------------------- | Net income from financial transactions | -2,2 | -------------------------------------------------------------------------------- | Net income from investment properties | 0,0 | -------------------------------------------------------------------------------- | Other operating income | 1,5 | -------------------------------------------------------------------------------- | Total operating income | 34,7 | -------------------------------------------------------------------------------- | Staff costs | -8,6 | -------------------------------------------------------------------------------- | Other administrative expenses | -12,6 | -------------------------------------------------------------------------------- | Depreciation | -0,7 | -------------------------------------------------------------------------------- | Other operating expenses | -3,2 | -------------------------------------------------------------------------------- | Total operating expenses | -25,1 | -------------------------------------------------------------------------------- | Impariment and reversal of | | -------------------------------------------------------------------------------- | impairment on tangible and | | -------------------------------------------------------------------------------- | intangible assets | - | -------------------------------------------------------------------------------- | Write-downs on credits and other | | -------------------------------------------------------------------------------- | commitments | -0,5 | -------------------------------------------------------------------------------- | Share of profit from associated companies | - | -------------------------------------------------------------------------------- | Operating profit from continuing operations | 9,0 | -------------------------------------------------------------------------------- | Operating profit for discontinued operations | - | -------------------------------------------------------------------------------- | Operating profit | 9,0 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Income statement | Asset Management | -------------------------------------------------------------------------------- | (EUR millions) | 1.1.-31.12. | -------------------------------------------------------------------------------- | Net interest income | 0,9 | -------------------------------------------------------------------------------- | Dividends | 0,1 | -------------------------------------------------------------------------------- | Net commission income | 9,2 | -------------------------------------------------------------------------------- | Net income from financial transactions | -0,6 | -------------------------------------------------------------------------------- | Net income from investment properties | - | -------------------------------------------------------------------------------- | Other operating income | 0,1 | -------------------------------------------------------------------------------- | Total operating income | 9,7 | -------------------------------------------------------------------------------- | Staff costs | -3,5 | -------------------------------------------------------------------------------- | Other administrative expenses | -2,4 | -------------------------------------------------------------------------------- | Depreciation | -0,4 | -------------------------------------------------------------------------------- | Other operating expenses | -0,6 | -------------------------------------------------------------------------------- | Total operating expenses | -6,8 | -------------------------------------------------------------------------------- | Impariment and reversal of | | -------------------------------------------------------------------------------- | impairment on tangible and | | -------------------------------------------------------------------------------- | intangible assets | - | -------------------------------------------------------------------------------- | Write-downs on credits and other | | -------------------------------------------------------------------------------- | commitments | - | -------------------------------------------------------------------------------- | Share of profit from associated companies | - | -------------------------------------------------------------------------------- | Operating profit from continuing operations | 2,9 | -------------------------------------------------------------------------------- | Operating profit for discontinued operations | - | -------------------------------------------------------------------------------- | Operating profit | 2,9 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Income statement | Life Insurance | -------------------------------------------------------------------------------- | (EUR millions) | 1.1.-31.12. | -------------------------------------------------------------------------------- | Net interest income | - | -------------------------------------------------------------------------------- | Dividends | - | -------------------------------------------------------------------------------- | Net commission income | - | -------------------------------------------------------------------------------- | Net income from financial transactions | - | -------------------------------------------------------------------------------- | Net income from investment properties | - | -------------------------------------------------------------------------------- | Other operating income | - | -------------------------------------------------------------------------------- | Total operating income | - | -------------------------------------------------------------------------------- | Staff costs | - | -------------------------------------------------------------------------------- | Other administrative expenses | - | -------------------------------------------------------------------------------- | Depreciation | - | -------------------------------------------------------------------------------- | Other operating expenses | - | -------------------------------------------------------------------------------- | Total operating expenses | - | -------------------------------------------------------------------------------- | Impariment and reversal of | | -------------------------------------------------------------------------------- | impairment on tangible and | | -------------------------------------------------------------------------------- | intangible assets | - | -------------------------------------------------------------------------------- | Write-downs on credits and other | | -------------------------------------------------------------------------------- | commitments | - | -------------------------------------------------------------------------------- | Share of profit from associated companies | - | -------------------------------------------------------------------------------- | Operating profit from continuing operations | - | -------------------------------------------------------------------------------- | Operating profit for discontinued operations | 14,4 | -------------------------------------------------------------------------------- | Operating profit | 14,4 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Income statement | Miscellaneous | -------------------------------------------------------------------------------- | (EUR millions) | 1.1.-31.12. | -------------------------------------------------------------------------------- | Net interest income | 1,8 | -------------------------------------------------------------------------------- | Dividends | 0,0 | -------------------------------------------------------------------------------- | Net commission income | 0,5 | -------------------------------------------------------------------------------- | Net income from financial transactions | 0,0 | -------------------------------------------------------------------------------- | Net income from investment properties | 2,7 | -------------------------------------------------------------------------------- | Other operating income | 5,6 | -------------------------------------------------------------------------------- | Total operating income | 10,7 | -------------------------------------------------------------------------------- | Staff costs | -0,6 | -------------------------------------------------------------------------------- | Other administrative expenses | 3,1 | -------------------------------------------------------------------------------- | Depreciation | -0,4 | -------------------------------------------------------------------------------- | Other operating expenses | -1,9 | -------------------------------------------------------------------------------- | Total operating expenses | 0,2 | -------------------------------------------------------------------------------- | Impariment and reversal of | | -------------------------------------------------------------------------------- | impairment on tangible and | | -------------------------------------------------------------------------------- | intangible assets | 0,4 | -------------------------------------------------------------------------------- | Write-downs on credits and other | | -------------------------------------------------------------------------------- | commitments | - | -------------------------------------------------------------------------------- | Share of profit from associated companies | - | -------------------------------------------------------------------------------- | Operating profit from continuing operations | 11,3 | -------------------------------------------------------------------------------- | Operating profit for discontinued operations | - | -------------------------------------------------------------------------------- | Operating profit | 11,3 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Income statement | Eliminations | -------------------------------------------------------------------------------- | (EUR millions) | 1.1.-31.12. | -------------------------------------------------------------------------------- | Net interest income | 2,7 | -------------------------------------------------------------------------------- | Dividends | - | -------------------------------------------------------------------------------- | Net commission income | -3,1 | -------------------------------------------------------------------------------- | Net income from financial transactions | - | -------------------------------------------------------------------------------- | Net income from investment properties | 0,1 | -------------------------------------------------------------------------------- | Other operating income | 1,1 | -------------------------------------------------------------------------------- | Total operating income | 0,8 | -------------------------------------------------------------------------------- | Staff costs | -1,2 | -------------------------------------------------------------------------------- | Other administrative expenses | 1,5 | -------------------------------------------------------------------------------- | Depreciation | - | -------------------------------------------------------------------------------- | Other operating expenses | 0,0 | -------------------------------------------------------------------------------- | Total operating expenses | 0,3 | -------------------------------------------------------------------------------- | Impariment and reversal of | | -------------------------------------------------------------------------------- | impairment on tangible and | | -------------------------------------------------------------------------------- | intangible assets | 0,0 | -------------------------------------------------------------------------------- | Write-downs on credits and other | | -------------------------------------------------------------------------------- | commitments | - | -------------------------------------------------------------------------------- | Share of profit from associated companies | 0,2 | -------------------------------------------------------------------------------- | Operating profit from continuing operations | 1,4 | -------------------------------------------------------------------------------- | Operating profit for discontinued operations | -62,1 | -------------------------------------------------------------------------------- | Operating profit | -60,7 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Income statement | Total Group | -------------------------------------------------------------------------------- | (EUR millions) | 1.1.-31.12. | -------------------------------------------------------------------------------- | Net interest income | 35,5 | -------------------------------------------------------------------------------- | Dividends | 0,2 | -------------------------------------------------------------------------------- | Net commission income | 11,8 | -------------------------------------------------------------------------------- | Net income from financial transactions | -2,8 | -------------------------------------------------------------------------------- | Net income from investment properties | 2,9 | -------------------------------------------------------------------------------- | Other operating income | 8,3 | -------------------------------------------------------------------------------- | Total operating income | 55,9 | -------------------------------------------------------------------------------- | Staff costs | -13,9 | -------------------------------------------------------------------------------- | Other administrative expenses | -10,3 | -------------------------------------------------------------------------------- | Depreciation | -1,5 | -------------------------------------------------------------------------------- | Other operating expenses | -5,7 | -------------------------------------------------------------------------------- | Total operating expenses | -31,4 | -------------------------------------------------------------------------------- | Impariment and reversal of | | -------------------------------------------------------------------------------- | impairment on tangible and | | -------------------------------------------------------------------------------- | intangible assets | 0,4 | -------------------------------------------------------------------------------- | Write-downs on credits and other | | -------------------------------------------------------------------------------- | commitments | -0,5 | -------------------------------------------------------------------------------- | Share of profit from associated companies | 0,2 | -------------------------------------------------------------------------------- | Operating profit from continuing operations | 24,6 | -------------------------------------------------------------------------------- | Operating profit for discontinued operations | -47,7 | -------------------------------------------------------------------------------- | Operating profit | -23,1 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Balance sheet | Banking Business | -------------------------------------------------------------------------------- | (EUR millions) | 31.12. | -------------------------------------------------------------------------------- | Cash and balances with central banks | 502,5 | -------------------------------------------------------------------------------- | Financial assets valued through | | -------------------------------------------------------------------------------- | income statement | 4,5 | -------------------------------------------------------------------------------- | Financial assets available for sale | 2 354,9 | -------------------------------------------------------------------------------- | Loans and other receivables | 5 520,3 | -------------------------------------------------------------------------------- | Investments for unit-linked provisions | - | -------------------------------------------------------------------------------- | Other receivables | 465,3 | -------------------------------------------------------------------------------- | Total assets | 8 847,5 | -------------------------------------------------------------------------------- | Deposits | 4 899,4 | -------------------------------------------------------------------------------- | Debt securities issued | 2 134,1 | -------------------------------------------------------------------------------- | Provisions for life insurance business | - | -------------------------------------------------------------------------------- | Other liabilities | 1 173,2 | -------------------------------------------------------------------------------- | Total liabilities | 8 206,7 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Balance sheet | Asset Management | -------------------------------------------------------------------------------- | (EUR millions) | 31.12. | -------------------------------------------------------------------------------- | Cash and balances with central banks | 0,1 | -------------------------------------------------------------------------------- | Financial assets valued through | | -------------------------------------------------------------------------------- | income statement | - | -------------------------------------------------------------------------------- | Financial assets available for sale | 13,2 | -------------------------------------------------------------------------------- | Loans and other receivables | 17,6 | -------------------------------------------------------------------------------- | Investments for unit-linked provisions | - | -------------------------------------------------------------------------------- | Other receivables | 7,2 | -------------------------------------------------------------------------------- | Total assets | 38,1 | -------------------------------------------------------------------------------- | Deposits | 130,1 | -------------------------------------------------------------------------------- | Debt securities issued | - | -------------------------------------------------------------------------------- | Provisions for life insurance business | - | -------------------------------------------------------------------------------- | Other liabilities | 15,9 | -------------------------------------------------------------------------------- | Total liabilities | 146,1 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Balance sheet | Life Insurance | -------------------------------------------------------------------------------- | (EUR millions) | 31.12. | -------------------------------------------------------------------------------- | Cash and balances with central banks | 13,4 | -------------------------------------------------------------------------------- | Financial assets valued through | | -------------------------------------------------------------------------------- | income statement | 14,9 | -------------------------------------------------------------------------------- | Financial assets available for sale | 648,6 | -------------------------------------------------------------------------------- | Loans and other receivables | - | -------------------------------------------------------------------------------- | Investments for unit-linked provisions | 148,1 | -------------------------------------------------------------------------------- | Other receivables | 21,5 | -------------------------------------------------------------------------------- | Total assets | 846,6 | -------------------------------------------------------------------------------- | Deposits | - | -------------------------------------------------------------------------------- | Debt securities issued | - | -------------------------------------------------------------------------------- | Provisions for life insurance business | 777,2 | -------------------------------------------------------------------------------- | Other liabilities | 11,1 | -------------------------------------------------------------------------------- | Total liabilities | 788,3 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Balance sheet | Miscellaneous | -------------------------------------------------------------------------------- | (EUR millions) | 31.12. | -------------------------------------------------------------------------------- | Cash and balances with central banks | - | -------------------------------------------------------------------------------- | Financial assets valued through | | -------------------------------------------------------------------------------- | income statement | - | -------------------------------------------------------------------------------- | Financial assets available for sale | 19,0 | -------------------------------------------------------------------------------- | Loans and other receivables | - | -------------------------------------------------------------------------------- | Investments for unit-linked provisions | - | -------------------------------------------------------------------------------- | Other receivables | -99,3 | -------------------------------------------------------------------------------- | Total assets | -80,3 | -------------------------------------------------------------------------------- | Deposits | - | -------------------------------------------------------------------------------- | Debt securities issued | - | -------------------------------------------------------------------------------- | Provisions for life insurance business | - | -------------------------------------------------------------------------------- | Other liabilities | 219,8 | -------------------------------------------------------------------------------- | Total liabilities | 219,8 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Balance sheet | Eliminations | -------------------------------------------------------------------------------- | (EUR millions) | 31.12. | -------------------------------------------------------------------------------- | Cash and balances with central banks | -9,7 | -------------------------------------------------------------------------------- | Financial assets valued through | | -------------------------------------------------------------------------------- | income statement | - | -------------------------------------------------------------------------------- | Financial assets available for sale | -15,8 | -------------------------------------------------------------------------------- | Loans and other receivables | -5,7 | -------------------------------------------------------------------------------- | Investments for unit-linked provisions | - | -------------------------------------------------------------------------------- | Other receivables | -100,8 | -------------------------------------------------------------------------------- | Total assets | -132,1 | -------------------------------------------------------------------------------- | Deposits | -13,6 | -------------------------------------------------------------------------------- | Debt securities issued | -15,3 | -------------------------------------------------------------------------------- | Provisions for life insurance business | - | -------------------------------------------------------------------------------- | Other liabilities | -112,3 | -------------------------------------------------------------------------------- | Total liabilities | -141,2 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Balance sheet | Total Group | -------------------------------------------------------------------------------- | (EUR millions) | 31.12. | -------------------------------------------------------------------------------- | Cash and balances with central banks | 506,3 | -------------------------------------------------------------------------------- | Financial assets valued through | | -------------------------------------------------------------------------------- | income statement | 19,5 | -------------------------------------------------------------------------------- | Financial assets available for sale | 3 019,9 | -------------------------------------------------------------------------------- | Loans and other receivables | 5 532,2 | -------------------------------------------------------------------------------- | Investments for unit-linked provisions | 148,1 | -------------------------------------------------------------------------------- | Other receivables | 293,9 | -------------------------------------------------------------------------------- | Total assets | 9 519,9 | -------------------------------------------------------------------------------- | Deposits | 5 016,0 | -------------------------------------------------------------------------------- | Debt securities issued | 2 118,7 | -------------------------------------------------------------------------------- | Provisions for life insurance business | 777,2 | -------------------------------------------------------------------------------- | Other liabilities | 1 307,8 | -------------------------------------------------------------------------------- | Total liabilities | 9 219,7 | -------------------------------------------------------------------------------- AKTIA BANK PLC For more information, please contact: Stefan Björkman, Deputy Managing Director, CFO, tel. +358 10 247 6595 From: Malin Pettersson, Head of Communications, tel. +358 10 247 6369 Distribution: Nasdaq OMX Helsinki Ltd Central news media www.aktia.com