Edition:
India

Aktia Bank Abp (AKTIA.HE)

AKTIA.HE on Helsinki Stock Exchange

8.55EUR
18 Oct 2019
Change (% chg)

€0.02 (+0.23%)
Prev Close
€8.53
Open
€8.49
Day's High
€8.56
Day's Low
€8.49
Volume
8,844
Avg. Vol
24,129
52-wk High
€9.90
52-wk Low
€7.95

Latest Key Developments (Source: Significant Developments)

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

Aktia Bank Divested 82,835 Own Shares Held By Company
Tuesday, 22 May 2018 

May 22 (Reuters) - AKTIA BANK ABP ::REG-DIVESTMENT OF SHARES HELD BY THE COMPANY FOR PAYMENT OF SHARE-BASED REWARDS AND REMUNERATION.DIVESTED 82,835 OWN SHARES HELD BY COMPANY.  Full Article

Aktia Bank board to distribute dividend of EUR 0.57 per share for FY 2017
Tuesday, 10 Apr 2018 

April 10 (Reuters) - Aktia Bank Abp ::DECISIONS OF AKTIA BANK PLC'S ANNUAL GENERAL MEETING AND BOARD OF DIRECTORS.BOARD OF DIRECTORS DECIDED TO DISTRIBUTE A DIVIDEND OF EUR 0.57 PER SHARE FOR FY 2017.  Full Article

Aktia ‍Made Cooperation Agreement With German Company Universal-Investment​
Wednesday, 4 Apr 2018 

April 4 (Reuters) - AKTIA BANK ABP ::AKTIA EXPANDS ITS SPECIAL KNOW-HOW OF EMERGING MARKETS TO THE INTERNATIONAL MARKET.‍MADE A COOPERATION AGREEMENT WITH GERMAN COMPANY UNIVERSAL-INVESTMENT​.  Full Article

Aktia Bank: Martin Backman To Step Down As CEO Of Aktia
Wednesday, 7 Mar 2018 

March 7 (Reuters) - AKTIA BANK ABP ::REG-AKTIA BANK PLC: MARTIN BACKMAN TO STEP DOWN AS CEO OF AKTIA.‍MARTIN BACKMAN WILL STEP DOWN AS CEO OF AKTIA, EFFECTIVE IMMEDIATELY​.‍JUHA HAMMARÉN, COMPANY'S EXECUTIVE VICE PRESIDENT & COO, AND DEPUTY TO CEO, WILL ACT AS INTERIM CEO​.  Full Article

Aktia Bank Q4 Operating Profit Up At Eur ‍10.3​ Million
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - AKTIA BANK ABP ::REG-POSITIVE DEVELOPMENT IN NET COMMISSION- AND NET INCOME FROM LIFE INSURANCE.Q4 NET INTEREST INCOME EUR ‍21.8​ MILLION VERSUS EUR 23.0 MILLION YEAR AGO.Q4 NET COMMISSION INCOME EUR ‍23.7​ MILLION VERSUS EUR 20.1 MILLION YEAR AGO.Q4 OPERATING PROFIT EUR ‍10.3​ MILLION VERSUS EUR 8.6 MILLION YEAR AGO.‍COMPARABLE OPERATING PROFIT 2018 IS EXPECTED TO BE APPROXIMATELY ON SAME LEVEL AS IN 2017​.‍PROPOSES A DIVIDEND OF EUR 0.57 (2016; 0.60 OF WHICH EUR 0.08 DERIVED FROM ONE-OFF GAINS) PER SHARE​.  Full Article