Aktia Bank Plc Class A · OMXHEX:AKTIA
Aktia Bank Plc Class A — Aktia Pankki — Q1 2026 Earnings Presentation
28 slides from Aktia Bank Plc Class A's earnings presentation, Apr 30, 2026
Slide 1: Q1 Results
30 APRIL 2026 Q1 Results Anssi Huhta, CEO Sakari Järvelä, CFO
Slide 2: Q1 in short
Q1/2026 Results Presentation 30/4/26 2 Q1in short • Comparable operating profit EUR 18.7 million • Net income from life insurance 84% lower than last year due to a lower net investment result. • NII decreased as expected and was 9% lower than last year due to lower market rates. • Net commission inc
Slide 3: Q1 result was weighed down by changes in market value of life insurance business
Q1/2026 Results Presentation 30/4/26 3 Q1 result was weighed down by changes in market value the life insurance business Comparable operating profit 2022 –2026 EUR million 124.7 124.5 120.0 104.8 106.0 100.0 Q4 23.7 80.0 65.2 Q3 27.4 60.0 40.0 Q2 26.2 20.0 Q128.7 Q118.7 0.0 2022 2023 2024 2025 2026
Slide 4: Strategy implementation & business areas
Q1/2026 Results Presentation 30/4/26 4 Strategy implementation& businessareas
Slide 5: From three separately led businesses to two complementary engines
Q1/2026 Results Presentation 30/4/26 5 From three separately ledbusinesses to two complementary engines focusing on growth and scale Banking Life & Wealth Banking Life insurance Asset Management Capital-light growth Margin growth, stability
Slide 6: Q1 Achievements
Q1/2026 Results Presentation 30/4/26 6 Q1Achievements Life & Wealth Banking Positive net subscriptions: EUR 257 million Leasing, hire purchase and factoring: portfolio exceeded EUR 0.5 billion. Three partnerships established in the DACH countries, the UK, Belgium, and Luxembourg. Credit losses down
Slide 7: AuM remained at the same level as at year-end thanks to strong net subscriptions
Q1/2026 Results Presentation 30/4/26 7 AuMremained at the same level as at-end year thanks to strong net subscriptions Assets under Management • AuM(gross) at the same level as at EUR billion year-end, despite lower market 20 values. 16.6 16.6 15.9 16.3 15.7 16 • AuMincreased by 6% compared to the c
Slide 8: Summary
Q1/2026 Results Presentation 30/4/26 8 Summary • Result weighed down by changes in market values, due to significant market volatility. W e expect recovery after the market disruptions in the first quarter. • Focus on disciplined execution of our strategic choices. • Several new significant partners
Slide 9: Financial overview
Q1/2026 Results Presentation 30/4/26 9 Financial overview
Slide 10: Financial summary
Q1/2026 Results Presentation 30/4/26 10 Financial summary Q1/2026 Q1/2025 ∆ Q4/2025 ∆ Total operating income 64.8 73.5 -12% 75.6 -14% Net interest income 32.0 35.2 -9% 34.9 -8% Net commission income 32.3 30.8 5% 32.3 0% Net income from life insurance 1.1 6.5 -84% 7.8 -86% Other income -0.7 0.9 -169%
Slide 11: Comparable operating income by segment
Q1/2026 Results Presentation 30/4/26 11 Comparable operating income by segment Comparable operating income,-o-Q Q EUR million 95 73.5 73.5 75.6 73.1 75 64.8 55 50.1 51.8 51.0 49.7 48.5 35 19.7 18.9 19.5 19.5 15 19.3 7.2 8.7 8.9 -2.2 8.6 1.9 -5 -3.0 -1.3 -2.8 -1.4 -2.9 -2.8 -1.6 - 2.9 - 2.1 Q1/2025 Q
Slide 12: Net income from life insurance
Q1/2026 Results Presentation 30/4/26 12 Net income from life insurance EUR million 10 8.0 8.2 7.8 6.5 1.6 2.2 2.0 1.2 Result from run-off insurance contracts & net 5 2.4 investment result 2.4 2.5 2.3 2.5 Result from investment contracts 1.1 3.0 3.4 4.1 3.3 2.8 Result from risk insurance contracts 0
Slide 13: Composition of net commission income
Q1/2026 Results Presentation 30/4/26 13 Composition of net commission income EUR million 35 32.3 32.3 30.8 31.2 30.3 2.0 2.4 30 1.8 1.8 1.7 2.5 2.5 2.5 2.4 2.6 25 6.8 6.8 6.4 6.8 6.6 Other 20 3.0 Lending 2.8 3.4 2.9 3.0 Card, payment services and borrowing 15 Asset management and securities brokerag
Slide 14: Composition of net interest income
Q1/2026 Results Presentation 30/4/26 14 Composition of net interest income EUR million 110 90 76.4 70 70.6 Lending 67.3 66.9 63.5 Deposits 50 35.2 34.7 34.0 34.9 32.0 Covered bonds 30 Senior financing Liquidity portfolio 10 1.0 0.8 1.1 6.1 1.9 6.3 0.4 5.0 4.3 0.0 4.1 Liabilities to central banks -1.
Slide 15: Credit loss provisions EUR 1.7 million
Q1/2026 Results Presentation 30/4/26 15 Credit loss provisions EUR 1.7million • The majority of the loan Change in expected credit losses (ECL) –13/2026 book consists of household EUR million 1.8 0.3 0.1 51.9 loans secured by 50.8 -1.0 residential or real estate 0.0 0.0 Interest- Interest- bearing c
Slide 16: Continued focus on cost control
Q1/2026 Results Presentation 30/4/26 16 Continued focus on cost control • Comparable operating expenses Comparable operating expenses Q1 /2026 vs Q1/2025 6% higher than last year. EUR million • Personnel costs remained at the same level. • IT expenses increased mainly due to continued investments in
Slide 17: Updated models
Q1/2026 Results Presentation 30/4/26 17 Updatedmodels UpdatedIRB modelfor householdexposures Updated model for expected credit losses (ECL) • Aktia will introduce updated IRB models for household • Aktia will introduce updated models for expected credit exposures, according to current plans during Q
Slide 18: CET1 ratio 12.8%
Q1/2026 Results Presentation 30/4/26 18 CET1 ratio 12.8% % % 16.0 9 13.0 12.8 13.0 12.6 12.8 14.0 11.5 11.9 12.0 11.4 12.0 8.8 8.7 8.7 10.0 6 8.6 8.6 8.6 8.6 8.6 7.7 8.0 6.0 3 4.0 2.0 0 0.0 31 Mar 2024 30 Jun 2024 30 Sep 2024 31 Dec 2024 31 Mar 2025 30 Jun 2025 30 Sep 2025 31 Dec 2025 31 Mar 2026 Bu
Slide 19: Funding activities
Q1/2026 Results Presentation 30/4/26 19 Funding activities • Aktia successfully issued anew seven-year covered bondon 9 February. The EUR 500 million was priced at MS+25 and the final book consisted final orders more than EUR 1.2 billion. The transaction was issued to refinance the redeeming benchma
Slide 20: Outlook 2026
Q1/2026 Results Presentation 30/4/26 20 Outlook 2026 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. The outlook has been prepared based on the following assumptions: • The asset manage
Slide 21: Investor Relations contacts
Facebook Twitter LinkedIn YouTube Investor Relations contacts Oscar Taimitarha Director, Investor Relations +358 40 562 2315 oscar.taimitarha@aktia.fi
Slide 22: Appendices
Q1/2026 Results Presentation 30/4/26 22 Appendices
Slide 23: AuM figures
Q1/2026 Results Presentation 30/4/26 23 AuMfigures Assets under management EUR billion Mandates Fund Assets Other* Total Gross AuM QoQ Growth QoQ Growth % Total Net AuM 31 Mar 2025 5.4 9.1 1.2 15.7 -0.5 -2.9% 13.0 30 Jun 2025 5.4 9.2 1.3 15.9 0.2 1.3% 13.2 30 Sep 2025 5.6 9.4 1.4 16.3 0.4 2.3% 13.5
Slide 24: Sound funding profile
Q1/2026 Results Presentation 30/4/26 24 Sound funding profile Capital market Other long-term 4.2% loans 0.8% Covered bonds 28.1% Total Customer deposits 8,882 45.6% EUR million Senior debt 19.1% Short term + REPOs 0.9% Subordinated debts 1.1%
Slide 25: Balance sheet total EUR 11,958 million
Q1/2026 Results Presentation 30/4/26 25 Balance sheet total EUR 11,958 million Total assets Total liabilities and equity EUR million EUR million 14,000 14,000 11,980 11,958 11,980 11,958 12,000 12,000 Deposits from the public and public-sector entities Liabilities to central banks 10,000 10,000 Lend
Slide 26: Households account for the majority of lending and deposits
Q1/2026 Results Presentation 30/4/26 26 Households account for the majority of lending and deposits Lending to the public and public sector entities Deposits from the public and public sector entities 46; 58; 243; 1,067; 1% 1% 6% 14% Households 976; 24% Households 1,755; Total Corporates Total Corpo
Slide 27: Aktia's sustainability strategy is built around people
Aktia’ssustainability strategy is built around people, both our customers and our own employees. We want to contribute - to w being and the stability of society, because in a stable society, individuals, companies and organisations can grow and . thrive SUSTAINABILITY TARGETS 2029 People Our custome
Slide 28: Q1/2026 Results Presentation
Q1/2026 Results 30/4/26 28 Presentation