Helsinki, Finland, 2017-10-17 14:00 CEST (GLOBE NEWSWIRE) --
Aktia Bank plc
Stock Exchange Release
17/10/2017 at 3.00 pm
Aktia Bank’s new strategy and financial objectives – focus on wealth management and financing
At its meeting 17 October 2017, the Board of Directors approved the renewed strategy and the new financial objectives for Aktia Bank up until 2022. The new strategy is based on increasing and securing of the customers’ wealth, over the long-term in an easy and sustainable way, focusing on customer experience in wealth management and financing.
- Key in our strategy is to give our customers the best possible customer experience in asset management and financing. We endeavour to meet our customers’ individual needs through a combination of first-class individual service, digital services, and a unique service offering and smooth execution, says Martin Backman, President & CEO of Aktia Bank.
It is the objective of Aktia Bank to develop its service model further in order to provide the customer segments, comprising private and corporate customers as well as institutions, with interactive comprehensive solutions, combining both individual service and user-friendly digital interfaces.
- Simultaneously with the launch of our new strategy, a renewal of our model of operation is on the way. Our successful asset management, the culture of responsible customer service, the new core banking system, and the prioritising of analytics and robotics in our working processes are an extraordinary base for us to reach our strategic objectives, and now we will take the next step in development of our business operations, Backman continues.
Aktia Bank’s new strategy has three keystones
- Increase and secure our customers’ wealth: We provide tailored solutions for investments and financing in an easy and sustainable way.
- Develop our service model: We enhance our specialist organisation and offer our customers advanced services and individual solutions.
- Make use of digitalisation: We invest in flexible digital concepts and user interfaces through which we offer our services.
Financial objectives up until 2022 and dividend policy
Aktia’s financial objectives up until 2022:
- Improve the comparable operating profit to approximately EUR 80 million
- Improve the comparable cost-to-income ratio to 0.61
- Improve Return on Equity (ROE) to 9.7 %
- Common Equity Tier 1 capital ratio (CET1) at 1.5-3 percentage points over regulatory requirements
Aktia Bank’s dividend policy:
- Dividend pay-out 60–80 % of profit for the period after taxes
Previous financial objectives for the period up until 2018:
- Improve cost-to-income ratio by at least 10 % (2016: 0.70)
- Improve Return on Equity (ROE) to at least 9 % (2016: 8.0 %)
- Maintain a Common Equity Tier 1 Capital Ratio (CET1) of 15 % at a minimum (2016: 19.5 %)
- Dividend pay-out of at least 50 % of the profit for the year (2016: 81 %)
AKTIA BANK PLC
Martin Backman, President & CEO
All media contacts to Malin Pettersson, Director, Communications, tel. +358 40 589 7941
Sent by: Anna Gabrán, Head of Investor relations, tel. +358 50 320 9850
Distribution:
Nasdaq Helsinki Oy
Mass media
www.aktia.com
Aktia provides a broad range of solutions within banking, asset management, insurance and real estate agency. Aktia operates mainly in coastal areas and inland growth areas. Aktia has about 380,000 customers who are served at branch offices and via web, mobile interfaces as well as telephone services. Aktia's shares (AKTAV, AKTRV) are listed on the list of Nasdaq Helsinki Ltd. For more information about Aktia see www.aktia.com.