Aktia Pankki Oyj (0QF8) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Aktia's Q2 results briefing. My name is Oskar Taymitarra. I'm the Head of Investor Relations at Aktia, and I will be the moderator for this event. Earlier this morning, we published our Q2 results, a very strong quarter for Aktia. Aktia's CEO, Ansi Hohta and CFO, Sakaari Harevela, 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 Hoofta. Thank you, Oskar, and welcome also on my behalf. My name is Ansli Hoofta, CEO of Aktia. I'm delighted that so many of you have come here in person or online to take part in this event on this beautiful summer morning. Together with our CFO, Sakaar Jaravella, I'm happy to go through the highlights and results of Aktia's second quarter. Aktia delivered a strong second quarter and I'm genuinely proud of what we have achieved together. Comparable operating profit reached €33,700,000 up 67% year on year. This result reflects solid underlying business performance supported by impact of the new ECL model. All our businesses contributed. Net commission income increased by 7% to €32,500,000 driven by higher fund income. Net interest income turned upwards and reached €33,100,000 up 3% from the previous quarter. Life insurance delivered an excellent result with the net income increased by 75% to €14,100,000 Credit losses decreased by €10,000,000 while €8,100,000 came from the transition to new ECL model. The underlying development was also positive. Both individual and model based credit losses declined. Our loan portfolio remained high quality. Assets under management reached a new record of €18,100,000...