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Aktia Bank Abp (AKTAV.HE)

AKTAV.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Aktia Bank names Martin Backman new Aktia's CEO
Friday, 9 Sep 2016 01:30am EDT 

Aktia Bank Plc : Martin Backman has been appointed Aktia's new Chief Executive Officer . Backman will start as CEO on March 9, 2017 at latest . Until March 9 Jussi Laitinen continues as CEO .Backman currently works as President and CEO of Finnish Industry Investment Ltd.  Full Article

Aktia Bank Q2 net commission income down at EUR 20.7 million
Wednesday, 10 Aug 2016 01:00am EDT 

Aktia Bank Abp : Q2 net commission income 20.7 million euros ($23.08 million) versus 21.7 million euros year ago . Q2 operating profit 22.4 million euros versus 19.7 million euros year ago . Q2 net interest income 24.1 million euros versus 24.3 million euros year ago .Outlook for 2016 unchanged.  Full Article

Aktia Bank: credit rating from Moody's unchanged, outlook improved
Tuesday, 5 Jul 2016 04:30am EDT 

Aktia Bank Abp : Aktia Bank's credit rating from Moody's unchanged, outlook improved . Moody's investors service changed outlook from stable to positive .Bank's Baseline Credit Assessment (BCA) remained unchanged (baa2).  Full Article

Aktia Bank Q1 operating profit down at EUR 14.6 million
Tuesday, 10 May 2016 01:00am EDT 

Aktia Bank Abp : Q1 net interest income 24.6 million euros ($27.98 million) versus 25.5 million euros year ago . Q1 write-downs on credits and other commitments 0.1 million euros versus 1.0 euros million year ago . Q1 operating profit 14.6 million euros versus 17.0 million euros year ago .Outlook 2016 unchanged - operating profit for 2016 is expected to reach an approximately similar level as in 2015.  Full Article

Aktia Bank expands cooperation with R-kioski
Monday, 11 Apr 2016 04:00am EDT 

Aktia Bank Plc:Aktia and R-kioski expand their cooperation.Cooperation between Aktia and R-kioski initiated in Dec. is to be expanded when R-kioski transfers its payment processing operations to Aktia in summer 2016.Their cooperation began just before Christmas when R-kioski branches included Aktia's MasterCard Prepaid cards in their product range.  Full Article

Aktia Bank proposes dividend of EUR 0.54/shr and return of capital of EUR 0.10/shr for 2015
Friday, 12 Feb 2016 01:15am EST 

Aktia Bank Plc:Proposes a dividend of 0.54 euro per share and a return of capital of 0.10 euro per share for 2015.  Full Article

Aktia Bank codetermination negotiations concluded, staff reduction of about 55 persons
Tuesday, 9 Feb 2016 02:00am EST 

Aktia Bank Plc:Codetermination negotiations in sales organization concluded.‍Undertakings have now been completed, resulting in a staff reduction of about 55 persons.‍Reduction of staff generates a one-off cost of about 1 million euros which was booked in Q4 2015; the estimated annual cost savings amounts to about 2 million euros.  Full Article

Aktia Bank says divestment of holdings in Visa Europe generate one-off income in 2016
Tuesday, 26 Jan 2016 07:00am EST 

Aktia Bank Plc:Divestment of holdings in Visa Europe generate one-off income in 2016 ‍.Says transaction will, upon execution, generate other operating income amounting to about 7 million euros before tax ​.Visa Europe has agreed to sell the company to the American Visa Inc.‍Expected time frame for a decision on whether sale may be executed is Q2 of 2016​.  Full Article

Aktia Bank to reduce staff by 60 persons​
Tuesday, 12 Jan 2016 02:30am EST 

Aktia Bank Plc:To initiate codetermination negotiations in the sales organisation.‍Measures planned are expected to bring annual savings of about 2 million euros.‍Reorganising of business operations generates a one-off cost of about 1 million euros​.‍Estimated reduction of number of staff is about 60 persons​.  Full Article

Aktia Bank to cooperate with R-kioski
Thursday, 10 Dec 2015 03:00am EST 

Aktia Bank Plc:Starts to cooperate with R-kioski.R-kioski will offer Aktia's Mastercard Prepaid cards to customers.  Full Article

BRIEF-Aktia Bank names Martin Backman new Aktia's CEO

* Martin Backman has been appointed Aktia's new Chief Executive Officer