Correction in Aktia Bank Plc's Annual Review 2024
Aktia Bank Plc has recently acknowledged a correction in its Annual Review for the year 2024. Initially published on March 13, 2025, as part of its broader Annual Report, this review included some erroneous details regarding new fund launches.
Details of the Correction
The necessary amendment pertains specifically to the Asset Management division. The first paragraph under the section titled ‘We continued our determined efforts to develop our award-winning fund selection’ required corrections to accurately reflect the bank’s offerings in 2024.
Corrections in the Asset Management Section
The corrected text clarifies that in 2024, Aktia Bank moved the Aktia Emerging Market Corporate Bond+ fund to the Article 8 classification. Additionally, preparations were made to launch a dark green fund in alignment with Article 9, which integrates sustainability criteria into its investment processes, benefiting from supportive megatrends.
New Fund Launches
Furthermore, the bank streamlined its short-term fixed income offerings by merging the Aktia Stable Yield fund with the Aktia Short-Term Corporate Bond+ fund. This action demonstrates a commitment to enhancing its service. Meanwhile, the focus shifted to launching a European equity fund concentrated on investing in small and medium-sized enterprises throughout Europe.
Partnerships and Innovations
In a strategic alliance with Oaktree Capital Management, the bank introduced the Aktia Velkarahastot II fund, targeting private equity investments in unlisted opportunistic debt. This innovative fund aims to cater to institutional clients and Private Banking customers, highlighting Aktia's dedication to expanding its competitive edge.
Structured Products
Additionally, Aktia issued four structured products during the year, showcasing a commitment to diversifying investment solutions for its clientele. These products represent another step in Aktia's ongoing efforts to provide varied investment options tailored to distinct investor needs.
Company Overview and Financial Standing
Aktia Bank is recognized as a holistic financial institution, combining banking, asset management, and life insurance under one umbrella. With a legacy spanning over 200 years, Aktia is dedicated to fostering financial security and prosperity across generations. Currently, the bank operates across various regions, including Helsinki, Turku, and Tampere, connecting with customers digitally and in-person.
Asset Management Highlights
As of December 31, 2024, Aktia managed assets totaling EUR 14.0 billion. The overall balance sheet reached EUR 11.9 billion, signifying a robust financial foundation. The bank continues to focus on expanding its asset management capabilities, catering to both local and international markets.
Contact for Further Inquiries
For further information, interested parties can reach out to Oscar Taimitarha, Director of Investor Relations, at +358 40 562 2315 or through email.
Frequently Asked Questions
What was corrected in Aktia Bank's Annual Review 2024?
The correction involved details about the launch and classification of specific funds and their investment strategies.
What new funds were introduced by Aktia Bank in 2024?
Aktia launched various funds, including a dark green fund and the Aktia Velkarahastot II, in collaboration with Oaktree Capital Management.
How has Aktia Bank managed its assets recently?
As of the end of December 2024, Aktia has assets under management amounting to EUR 14.0 billion and a balance sheet total of EUR 11.9 billion.
What is the focus of Aktia Bank's investment products?
Aktia Bank emphasizes sustainability in investments and has developed products that align with this vision, like the dark green fund under Article 9.
Who can I contact for more information about Aktia Bank?
Oscar Taimitarha, Director of Investor Relations, is the point of contact for inquiries related to Aktia Bank Plc.
