Q1 2026 Aktia Bank Abp Earnings Call Transcript
Key Points
- Net commission income increased by 5% year-on-year, supported by strong momentum in asset management.
- Credit losses decreased by 41% to EUR1.7 million, aligning with historical levels.
- Aktia Bank PLC (FRA:2A41) recorded positive net inflows of over EUR250 million in international sales, particularly in emerging market debt funds.
- The company established significant new partnerships in Europe, enhancing its international asset management capabilities.
- Employee Net Promoter Score (ENPS) improved to plus 35 from 28, indicating higher employee satisfaction.
- Comparable operating profit decreased by 35% compared to the previous year, primarily due to market-driven factors.
- Net interest income decreased by EUR3.1 million year-on-year, reflecting lower average interest rates.
- Operating expenses increased by 6% due to higher depreciation from earlier investments and inflation in salaries and IT expenses.
- The life insurance business experienced a significant negative impact from unfavorable interest rate curve movements, reducing net income from life insurance.
- Return on equity fell below 10%, and the cost-income ratio increased to 69%, indicating weaker financial performance.
Good morning, everyone and welcome to Aktia's Q1 results briefing. My name is Oscar Taimitarha, I'm the head of Aktia's Investor Relations and I will be the moderator for this event today.
Earlier this morning we published our Q1 report. The results were somewhat mixed. The underlying business operations and the implementation of the strategy developed as expected. But the results were weighed down by changes in market values. Especially in the life insurance business.
Aktia's CEO, Anssi Huhta; and CFO, Sakari Jarvela, will soon walk us through the results. And as always, after the presentations, we are happy to answer your questions. If you're following us online, please write your questions in the comments field.
So, let's get the show started. Please welcome Anssi Huhta.
Thank you, Oscar, and welcome also on my behalf. My name is Ansi Hutta, CEO of Aktia. Together with our CFO,
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