Positive profit warning: Aktia Bank plc updates outlook for 2010
Aktia Bank plc Stock Exchange Release 22.6.2010 at 1 p.m.
Positive profit warning: Aktia Bank plc updates outlook for 2010 The Bank Group's operating profit for the full year 2010 is expected to exceed the result for 2009. In prognoses published earlier, the full year operating profit was expected to be at the same level as in 2009. Operating profit for 2009 amounted to EUR 54.2 million. Following a robust first quarter, also the outcome for the period April - May 2010 has been strong, thus the estimate for the full year 2010 has been revised upwards. The operating profit has improved mainly due to a better than expected net interest income, reduced costs and lower write-downs of credits. The main risk factor is still the unrest on the financial market. The fund at fair value, reporting unrealised value changes, remains higher than its level at the turn of the year. On 21 June 2010, the fund at fair value amounted to EUR 35.3 million (EUR 34.7 million at 31 December 2009). Aktia Bank plc Jussi Laitinen, Managing Director, tel. +358 10 247 6501 Stefan Björkman, Deputy Managing Director and CFO, tel. +358 10 247 6501 From: Anna Gabrán, IR, tel. +358 10 247 6501 Distribution: Nasdaq OMX Helsinki Ltd The media www.aktia.fi