Aktia Bank PLC (OHEL:AKTIA)
€ 9.19 -0.07 (-0.76%) Market Cap: 669.04 Mil Enterprise Value: 3.73 Bil PE Ratio: 7.18 PB Ratio: 0.91 GF Score: 67/100

Q2 2022 Aktia Bank Abp Earnings Call Transcript

Aug 05, 2022 / 07:30AM GMT
Release Date Price: €9.9 (+0.61%)
Mikko Ayub
Aktia Pankki Oyj - President & CEO

A very good morning, ladies and gentlemen, and welcome to follow this Aktia Bank Plc's Q2 results presentation. My name is Mikko Ayub; I am the CEO of Aktia Bank Plc. And normally, with me would be our CFO, Outi Henriksson. However, unfortunately, she was taken ill by COVID, and she's joining us only remotely at this presentation.

The second quarter was yet again an exceptional quarter. Unfortunately, partly in a sad way. The war in Ukraine continued. The equity market was soft. Rates increased rapidly. Inflation was persistently high.

And a number of question marks can be attached to the economic development as well as the market development going forward. Against this background, I'm particularly happy and proud to report that our Q2 comparable operating profit was EUR24.7 million, falling only slightly short of that of last year's respective period.

A few highlights on our second quarter. Our interest income increased by 10%, with corporate banking being the driver there. Equally interesting, I think, is that the average

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot