Edition:
India

Aktia Bank Abp (AKTIA.HE)

AKTIA.HE on Helsinki Stock Exchange

10.86EUR
24 Feb 2020
Change (% chg)

€-0.36 (-3.21%)
Prev Close
€11.22
Open
€11.08
Day's High
€11.10
Day's Low
€10.72
Volume
142,875
Avg. Vol
110,943
52-wk High
€11.64
52-wk Low
€8.01

Latest Key Developments (Source: Significant Developments)

Aktia Bank Q4 Comp. Operating Profit Up At EUR 19.2 Million
Friday, 14 Feb 2020 

Feb 14 (Reuters) - Aktia Bank Abp ::REG-AKTIA BANK PLC'S FINANCIAL STATEMENT RELEASE JANUARY–DECEMBER 2019: A YEAR OF STABLE GROWTH – STRONG COMPARABLE OPERATING PROFIT IN THE LAST QUARTER.Q4 NET INTEREST INCOME EUR 19.3 MILLION VERSUS EUR 20.7 MILLION YEAR AGO.Q4 COMP. OPERATING PROFIT EUR 19.2 MILLION VERSUS EUR 10.2 MILLION YEAR AGO.Q4 NET COMMISSION INCOME EUR 25.1 MILLION VERSUS EUR 22.6 MILLION YEAR AGO.PROPOSES THAT A DIVIDEND OF EUR 0.63 (0.61) PER SHARE BE PAID FOR 2019.COMPARABLE OPERATING PROFIT IN 2020 IS EXPECTED TO BE SOMEWHAT HIGHER THAN IN 2019..  Full Article

Aktia Bank Improves Its Rating In CDP’S Corporate Responsibility Ranking
Thursday, 23 Jan 2020 

Jan 23 (Reuters) - Aktia Bank Abp ::AKTIA IMPROVED SIGNIFICANTLY ITS RATING IN CDP’S CORPORATE RESPONSIBILITY RANKING.REACHED RATING B IN CDP'S INTERNATIONAL CORPORATE RESPONSIBILITY RANKING.  Full Article

Aktia Bank Acquires Alandia's Life Insurance Portfolio
Thursday, 19 Dec 2019 

Dec 19 (Reuters) - Aktia Bank Abp ::AKTIA ACQUIRES ALANDIA'S LIFE INSURANCE PORTFOLIO.TRANSFER IS PLANNED TO TAKE PLACE DURING Q1 OF 2020..PARTNERS ARE AIMING AT EXECUTING TRANSFER DURING Q1 OF 2020.  Full Article

Aktia Renews Its Service Model And Terminates Co-Operation Negotiations
Monday, 4 Nov 2019 

Nov 4 (Reuters) - Aktia Bank Abp ::AKTIA RENEWS ITS SERVICE MODEL AND TERMINATES CO-OPERATION NEGOTIATIONS.IN ADDITION TO CHANGES IN BRANCH NETWORK COMPANY HAS DECIDED TO REORGANISE AND CONCENTRATE PRODUCTIVE ACTIVITY WITHIN CUSTOMER SERVICE AND SALES.WILL STRENGTHEN ITS BUSINESS UNITS ESPECIALLY IN VAASA.AFTER CONCLUSION OF NEGOTIATIONS DECIDED ON CHANGES LEADING TO REDUCTION OF 92 JOBS INSTEAD OF ORIGINALLY ESTIMATED 110 JOBS.PLANNED MEASURES ARE ESTIMATED TO LEAD TO ANNUAL SAVINGS OF APPROXIMATELY EUR 3 MILLION STARTING FROM YEAR 2020..PLANNED MEASURES ARE ESTIMATED TO LEAD TO ANNUAL SAVINGS OF APPROXIMATELY EUR 3 MILLION STARTING FROM YEAR 2020..TO REORGANISE AND CONCENTRATE PRODUCTIVE ACTIVITY WITHIN CUSTOMER SERVICE AND SALES..WILL STRENGTHEN ITS BUSINESS UNITS ESPECIALLY IN VAASA..THROUGH NEGOTIATIONS APPROXIMATELY 50 EMPLOYEES WILL BE OFFERED AN OPPORTUNITY FOR NEW TASKS WITHIN COMPANY..  Full Article

Aktia Bank Q3 Net Interest Income At EUR 19.6 Million
Wednesday, 30 Oct 2019 

Oct 30 (Reuters) - Aktia Bank Abp ::OUTLOOK 2019 (UNCHANGED).Q3 NET INTEREST INCOME EUR 19.6 MILLION VERSUS EUR 21.0 MILLION YEAR AGO.Q3 NET COMMISSION INCOME EUR 24.6 MILLION VERSUS EUR 22.9 MILLION YEAR AGO.  Full Article

Aktia Updates Strategy And Long-Term Financial Targets
Tuesday, 10 Sep 2019 

Sept 10 (Reuters) - Aktia Bank Abp ::REG-AKTIA UPDATES ITS STRATEGY AND LONG-TERM FINANCIAL TARGETS – THE GROWTH STRATEGY FOCUSES ON ASSET MANAGEMENT AND NEW CUSTOMERS IN GROWING CITIES IN FINLAND.ACCORDING TO STRATEGY UPDATE, EXTENDING TO 2023, AKTIA IS SEEKING AN EVEN STRONGER GROWTH IN ASSET MANAGEMENT AND NEW CUSTOMERS IN GROWING CITIES IN FINLAND.PRELIMINARY ESTIMATE IS THAT PLANNED MEASURES WILL BRING ANNUAL SAVINGS OF ABOUT EUR 3 MILLION STARTING FROM 2020.LONG-TERM FINANCIAL TARGETS FOR 2023: A COMPARABLE OPERATING PROFIT OF EUR 100 MILLION (PREVIOUSLY 80 MILLION).LONG-TERM FINANCIAL TARGETS FOR 2023: A RETURN ON EQUITY (ROE) OF MORE THAN 11 PER CENT (PREVIOUSLY 9.7 PER CENT).LONG-TERM FINANCIAL TARGETS FOR 2023: A COMPARABLE COST-TO-INCOME RATIO OF UNDER 0.60 (PREVIOUSLY 0.61).DIVIDEND POLICY WILL REMAIN UNCHANGED.AKTIA INITIATES CO-OPERATION NEGOTIATIONS AS A PART OF PLANNED SERVICE ENTITY RENEWAL.CO-OPERATION NEGOTIATIONS WILL AFFECT ABOUT 380 PERSONS.POSSIBLE SHIFTING TO PART-TIME WORK AND LAY-OFFS WILL AFFECT 110 EMPLOYEES AT MOST.PLANNED MEASURES WILL HAVE NO EFFECT ON COMPANY'S OUTLOOK FOR 2019, ACCORDING TO WHICH COMPARABLE OPERATING PROFIT 2019 IS EXPECTED TO BE APPROXIMATELY ON SAME LEVEL AS FOR 2018.  Full Article

Aktia Bank Q2 Operating Profit Rises To EUR 24.2 Mln
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Aktia Bank Abp ::REG-AKTIA BANK PLC – HALF-YEAR REPORT JANUARY–JUNE 2019: STABLE DEVELOPMENT OF NET INTEREST AND NET COMMISSION INCOME, COST LEVEL MAINTAINED.Q2 NET INTEREST INCOME EUR 19.2 MILLION VERSUS EUR 23.5 MILLION YEAR AGO.Q2 NET COMMISSION INCOME EUR 24.0 MILLION VERSUS EUR 26.2 MILLION YEAR AGO.OUTLOOK 2019: UNCHANGED.Q2 OPERATING PROFIT EUR 24.2 MILLION VERSUS EUR 18.2 MILLION YEAR AGO.  Full Article

Aktia Bank Q1 Operating Profit At EUR 17.2 Million
Friday, 3 May 2019 

May 3 (Reuters) - Aktia Bank Abp ::Q1 NET INTEREST INCOME EUR 19.4 MILLION VERSUS EUR 20.7 MILLION YEAR AGO.Q1 OPERATING PROFIT EUR 17.2 MILLION VERSUS EUR 17.7 MILLION YEAR AGO.Q1 NET COMMISSION INCOME EUR 22.7 MILLION VERSUS EUR 23.8 MILLION YEAR AGO.OUTLOOK 2019 UNCHANGED.SAYS POSITIVE DEVELOPMENT OF NET INCOME FROM LIFE INSURANCE IS MAINLY EXPLAINED BY POSITIVE VALUE CHANGES IN INVESTMENT PORTFOLIO.  Full Article

Aktia Bank Divest Holdings In Oy Samlink To Cognizant
Wednesday, 23 Jan 2019 

Jan 23 (Reuters) - Aktia Bank Abp ::REG-AKTIA BANK DIVESTS ITS HOLDINGS IN OY SAMLINK AB.TRANSACTION WILL GENERATE APPROXIMATELY EUR 8 MILLION SALES PROFIT FOR AKTIA.DIVEST ITS HOLDINGS IN OY SAMLINK AB (22.56%) TO COGNIZANT TECHNOLOGY SOLUTIONS FINLAND OY.TRANSACTION DOES NOT HAVE EFFECT ON GROUP'S REPORTED COMPARABLE OPERATING PROFIT.TRANSACTION HAS A SLIGHT POSITIVE EFFECT ON BANK GROUP'S CAPITAL ADEQUACY..AKTIA BANK - TRANSACTION WILL GENERATE ABOUT EUR 8 MILLION SALES PROFIT FOR AKTIA, WHICH AFFECTS GROUPS' OPERATING PROFIT FOR 2019.  Full Article

Aktia Bank Q3 Operating Profit Up At EUR 23.7 Million
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Aktia Bank Abp ::Q3 NET INTEREST INCOME EUR 21.0 MILLION VERSUS EUR 21.5 MILLION YEAR AGO.OUTLOOK 2018 (UNCHANGED).Q3 NET COMMISSION INCOME EUR 22.9 MILLION VERSUS EUR 22 MILLION YEAR AGO.Q3 OPERATING PROFIT EUR 23.7 MILLION VERSUS EUR 8 MILLION YEAR AGO.OUTLOOK 2018 UNCHANGED.  Full Article