Aktia Bank Abp
OMXH:AKTIA
Aktia Bank Abp
Aktia Bank Plc engages in the provision of commercial banking services. The company is headquartered in Helsinki, Etela-Suomen and currently employs 854 full-time employees. The company went IPO on 2013-07-01. Its operations are divided in three business segments. The Personal & Corporate Banking segment comprises the Company's retail and corporate banking products and services. The Wealth Management segment comprises its asset management, private banking and life insurance activities and provides services to wealthy private customers and institutional investors. Group Functions comprises the Company's support and staff functions. Aktia Bank Abp operates through more than 30 branch offices and provides Internet and telephone banking services.
Aktia Bank Plc engages in the provision of commercial banking services. The company is headquartered in Helsinki, Etela-Suomen and currently employs 854 full-time employees. The company went IPO on 2013-07-01. Its operations are divided in three business segments. The Personal & Corporate Banking segment comprises the Company's retail and corporate banking products and services. The Wealth Management segment comprises its asset management, private banking and life insurance activities and provides services to wealthy private customers and institutional investors. Group Functions comprises the Company's support and staff functions. Aktia Bank Abp operates through more than 30 branch offices and provides Internet and telephone banking services.
Stable Profitability: Aktia reported a stable first quarter with comparable operating profit of EUR 28.7 million, slightly up from the previous quarter, despite market turbulence.
Net Interest Income Down: Net interest income declined by EUR 3.9 million due to lower short-term interest rates, though this was partially offset by lower funding costs.
Fee Income Growth: Net commission income grew 2% year-over-year, driven by strong payments, card business, and fixed income funds.
Cost Control: Operating expenses were tightly managed at EUR 44 million, with no increase in average headcount.
Strong Capital Position: Common equity Tier 1 ratio increased to 13%, 4.4 percentage points above the regulatory minimum, partly due to a temporary reduction in risk-weighted assets.
Guidance Unchanged: Aktia reiterated its outlook for 2025, expecting comparable operating profit to be lower than 2024 due to continued interest rate pressure.
Momentum Program Launched: The new strategy and acceleration program aim to increase operating profit run rate by EUR 20 million by end of 2026, with early progress in key customer segments.
Credit Losses Cautious: Credit loss provisions increased slightly, reflecting economic uncertainty, but overall losses remain moderate due to strong collateral.
