Business
Aktia Bank Plc's Interim Report January-March 2026: Continued positive development in international sales, but the result was weighed down by changes in market values in the life insurance business
Aktia Bank Plc's Interim Report January-March 2026: Continued positive development in international sales, but the result was weighed down by changes in market values in the life insurance business
About this update from Aktia Bank Plc Class A
[{"type":"text","content":"Aktia Bank Plc","length":14,"tagName":"p","attribs":{}},{"type":"text","content":"Stock Exchange Release","length":22,"tagName":"p","attribs":{}},{"type":"text","content":"30 April 2026 at 8.00 a.m.","length":26,"tagName":"p","attribs":{}},{"type":"text","content":"HELSINKI, April 30, 2026 /PRNewswire/ --","length":40,"tagName":"p"},{"type":"text","content":"The quarter in short","length":20,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net income from life insurance: EUR 1.1 (6.5) million, 84% lower than last year due to a lower net investment result caused by geopolitical tensions leading to rising long-term interest rates, increased credit spreads and falling share prices.","length":243,"tagName":"p"}]},{"val":[{"type":"text","content":"Net commission income: Increased by 5% to EUR 32.3 (30.8) million, thanks to positive development in asset management.","length":118,"tagName":"p"}]},{"val":[{"type":"text","content":"Net interest income: EUR 32.0 (35.2) million, decreased as expected and was 9% lower than last year due to lower interest rates in the loan book.","length":145,"tagName":"p"}]},{"val":[{"type":"text","content":"Comparable operating expenses: EUR 44.5 (41.9) million, 6% higher than last year due to somewhat higher IT expenses, depreciations and other operating expenses. Comparable personnel costs remained at the previous year's level.","length":230,"tagName":"p"}]},{"val":[{"type":"text","content":"Credit losses: Decreased by 41% to EUR 1.7 (2.9) million.","length":57,"tagName":"p"}]},{"val":[{"type":"text","content":"Comparable operating profit: EUR 18.7 (28.7) million, 35% lower than last year, mainly due to negative market value changes in the investment portfolio of the life insurance business.","length":183,"tagName":"p"}]},{"val":[{"type":"text","content":"Assets under management: Remained at the same level as at year-end thanks to net subscriptions of EUR 257 million, despite lower market values.","length":143,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1119,"olType":false},{"type":"text","content":"Outlook 2026","length":12,"tagName":"p"},{"type":"text","content":"Aktia's comparable operating profit for 2026 is expected to remain approximately at the same level as the comparable operating profit for 2025, EUR 106.0 million.","length":166,"tagName":"p"},{...