From GlobeNewswire: 2025-02-12 01:01:00

Aktia Bank Plc’s financial statement release for January-December 2024 shows a stable fourth quarter, ending a strong year. Comparable operating profit increased by 11% to EUR 28.3 million, with a return on equity of 13.1%. Assets under management decreased due to net redemptions. Credit losses increased, but sustainable assets increased to 98.1%.

For 2025, Aktia expects a lower operating profit compared to 2024, with lower net interest income anticipated. Net commission income is expected to rise slightly, while expenses will increase due to IT investments. Credit losses are expected to remain moderate, with potential impacts from the real estate sector.

Aktia’s Board of Directors proposes a dividend of EUR 0.82 per share for 2024. CEO Aleksi Lehtonen highlights the successful performance in a challenging environment, with strong financial results. The fourth quarter saw a high operating profit, exceeding long-term financial objectives. Customer satisfaction and employee engagement also improved.

Despite IT-related impairments, Aktia’s focus on asset management development continued. A new product family was launched, and assets under management in investment-linked insurance contracts reached a record level. The banking business saw favorable demand, with credit losses remaining moderate. The strategy review aims to position Aktia as a leading wealth manager.

Aktia will celebrate its 200th anniversary next year, with a strategic plan event planned for February 27, 2025. The company aims to continue its wealth-creating journey and strive for growth to ensure long-term success as a unique wealth manager. Aktia Bank Plc released its financial statement for Q4 2024, showing a 6% increase in net interest income compared to Q4 2023. Operating expenses also rose by 6%, resulting in a 100% decrease in operating profit. The cost-to-income ratio remained stable at 0.63, with a 17% increase in proposed dividend per share.

Aktia Bank Plc will hold a results briefing on February 12, 2025, where CEO Aleksi Lehtonen and CFO Sakari Järvelä will present the financial results. The briefing will be available live as a webcast and can be viewed later as a recording. Questions can be submitted during the live webcast.

Aktia Bank Plc, a Finnish asset manager, bank, and life insurer, has been serving customers for 200 years. With assets under management of EUR 14.0 billion and a balance sheet total of EUR 11.9 billion, Aktia employs approximately 850 people across Finland. The company’s shares are listed on Nasdaq Helsinki Ltd.



Read more at GlobeNewswire:: Aktia Bank Plc’s Financial Statement Release