Aktia Bank PLC (LTS:0QF8)

Half Year 2026 Aktia Bank Abp Earnings Call Transcript

Jul 30, 2026 / 07:30 AM GMT

Release Date Price: €11.9 (+6.06%)

Transcript

Key Points

Positve

Comparable operating profit reached EUR33.7 million, up 67% year-on-year, reflecting solid underlying business performance.
Net commission income increased by 7% to EUR32.5 million, driven by higher fund income and strong asset management growth.
Net interest income turned upward, growing 3% from the previous quarter, signaling a positive trend after nine quarters of decline.
Life insurance net income surged 75% to EUR14.1 million, recovering strongly from a weak first quarter.
Assets under management hit a record EUR18.1 billion, supported by EUR376 million in net subscriptions and strong international sales.

Negative

Credit losses decreased by EUR10 million, but EUR8.1 million of that came from a one-off transition to a new ECL model, not underlying improvement.
Mortgage lending is declining, leading to a slight loss of market share in that segment.
Deposit stock decreased slightly during the quarter, partly due to larger corporate deposits converting into AUM.
The CET1 ratio dropped to 12% from 12.8% in the previous quarter, impacted by the implementation of new IRB models.
The life insurance business remains volatile, with potential for similar weak quarters if market conditions change, as seen in Q1.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AKTIA.HE - Aktia Bank Abp
Half Year 2026 Aktia Bank Abp Earnings Call
Jul 30, 2026 / 07:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and welcome to Actea's Q2 results briefing. My name is Aska Taimitarha, I'm the Head of Investor Relations at Actea and I will be the moderator for this event.

Earlier this morning we published our Q2 results, a very strong quarter for Actea.

Aktia CEO Ansi Hutta and CFO Saka Riyervela will soon walk us through the results.

And as always, after the presentations, we're happy to answer your questions.

If you're following us online, please write your questions in the comments field.

And now let's get down to business. Please welcome Ansi Hutta.

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Unidentified_2 [2]
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