Helsinki, 2016-11-17 07:00 CET (GLOBE NEWSWIRE) --
Aktia Bank plc Interim report 1 January- 30 September 2016 17.11.2016 at 08:00 a.m.
GROWTH IN LENDING AND ASSET MANAGEMENT
CEO JUSSI LAITINEN ”Aktia’s result for the period January–September 2016 was as planned. New lending to private households increased by 20%, and Aktia is well on the way to reach the goal set for the increase of new customers in 2016. Aktia’s Customer Service was nominated the best in Finland in a competition for Contact Centers arranged by HDI Nordic in 2016. In spite of the challenging markets, Aktia Asset Management succeeded in increasing sales to institutional customers, and was rewarded with SFR’s Gold Award. Aktia continues to develop its digital services. At the end of October, we launched a new mobile application, Aktia Wallet, making mobile payments safe and easy to manage. The implementation of the new core banking platform is postponed, but when it is implemented, we will be able to offer an even broader range of digital services in all channels.”
JULY-SEPTEMBER 2016: OPERATING PROFIT EUR 15.8 (16.4) MILLION
- The Group’s operating profit was EUR 15.8 (16.4) million and the profit was EUR 12.9 (13.4) million.
- Net interest income (NII) increased by 1% and amounted to EUR 23.9 (23.8) million. Net commission income increased by 2% to EUR 20.0 (19.7) million.
- Earnings per share (EPS) was EUR 0.19 (0.20).
JANUARY-SEPTEMBER 2016: OPERATING PROFIT EUR 52.9 (53.1) MILLION
- The Group’s operating profit was EUR 52.9 (53.1) million and the profit was EUR 42.8 (42.9) million.
- Excluding one-time gains from the sale of Visa Europe, the Group’s operating profit would have been EUR 47.0 (53.1) million and the profit for the period EUR 38.1 (42.9) million.
- Net interest income (NII) dropped by 1% to EUR 72.6 (73.6) million. Net commission income decreased by 2% to EUR 59.6 (61.0) million.
- Earnings per share (EPS) was EUR 0.64 (0.65).
- Aktia’s Common Equity Tier 1 capital ratio amounted to 19.2 (20.7)%.
- Equity per share stood at EUR 9.35 (31 Dec 2015; 9.26).
- Write-downs on credits and other commitments amounted to EUR -0.7 (-0.1) million.
- OUTLOOK 2016 (unchanged, p. 14): Aktias operating profit for 2016 is expected to reach an approximately similar level as in 2015.
| KEY FIGURES (EUR million) | 3Q2016 | 3Q2015 | ∆ % | Jan-Sep 2016 | Jan-Sep 2015 | ∆ % | 2Q2016 | 3Q vs . 2Q | 1Q2016 | 2015 |
| Net interest income | 23.9 | 23.8 | 1% | 72.6 | 73.6 | -1% | 24.1 | -1% | 24.6 | 97.3 |
| Net commission income | 20.0 | 19.7 | 2% | 59.6 | 61.0 | -2% | 20.7 | -3% | 18.9 | 80.0 |
| Total operating income | 50.9 | 49.3 | 3% | 160.7 | 156.5 | 3% | 59.4 | -14% | 50.4 | 208.4 |
| Total operating expenses | -34.6 | -32.4 | 7% | -108.0 | -103.9 | 4% | -36.8 | -6% | -36.5 | -144.4 |
| Write-downs on credits and other commitments | -0.5 | -0.5 | -7% | -0.7 | -0.1 | -947% | -0.1 | -279% | -0.1 | -0.3 |
| Operating profit | 15.8 | 16.4 | -4% | 52.9 | 53.1 | 0% | 22.4 | -29% | 14.6 | 64.2 |
| Cost-to-income ratio | 0.68 | 0.66 | 3% | 0.67 | 0.66 | 2% | 0.62 | 10% | 0.72 | 0.69 |
| Earnings per share (EPS), EUR | 0.19 | 0.20 | -5% | 0.64 | 0.65 | -1% | 0.27 | -30% | 0.18 | 0.78 |
| Equity per share (NAV)1, EUR | 9.35 | 9.20 | 2% | 9.35 | 9.20 | 2% | 9.15 | 2% | 9.56 | 9.26 |
| Return on equity (ROE), % | 8.4 | 8.0 | 6% | 9.2 | 8.4 | 10% | 11.6 | -27% | 7.6 | 7.9 |
| Common Equity Tier 1 capital ratio1, % | 19.2 | 20.5 | -6% | 19.2 | 20.5 | -6% | 19.7 | -2% | 19.5 | 20.7 |
| Capital adequacy ratio1, % | 25.5 | 25.8 | -1% | 25.5 | 25.8 | -1% | 26.2 | -3% | 25.6 | 27.1 |
| Write-downs on credits / total loan book, % | 0.01 | 0.01 | 0% | 0.01 | 0.00 | - | 0.00 | - | 0.00 | 0.01 |
| 1) At the end of the period. | ||||||||||
| The Interim Report January - September 2016 is a translation of the original Swedish version ”Delårsrapport 1.1-30.9.2016”. In case of discrepancies, the Swedish version shall prevail. | ||||||||||
Financial calendar 2016-2017: Accounts Announcement 1-12/2016 14.2.2017 Annual General Meeting 5.4.2017 Interim report 1-3/2017 11.5.2017 Interim report 1-6/2017 8.8.2017 Interim report 1-9/2017 8.11.2017
CEO Jussi Laitinen, tel. +358 10 247 6250 CFO Fredrik Westerholm, tel. +358 10 247 6505 IR Anna Gabrán, tel. +358 10 247 6501, ir(at)aktia.fi www.aktia.com
