Brief: Aktia Bank Launches Acceleration Programme, New Long-Term Financial Targets And Updates Dividend Policy

Aktia Bank Abp

27/02/2025 07:47

Feb 27 (Reuters) - Aktia Bank Abp AKTIA.HE:

SAID ON WEDNESDAY AKTIA LAUNCHES ACCELERATION PROGRAMME TO IMPLEMENT ITS REVISED STRATEGIC PLAN WITH NEW LONG-TERM FINANCIAL TARGETS AND UPDATES ITS DIVIDEND POLICY

DURING STRATEGIC PLAN PERIOD 2025–2029, CO WILL STRENGTHEN FOCUS ON STRATEGIC CUSTOMER SEGMENTS PREMIUM, PRIVATE BANKING, SMALL AND MEDIUM-SIZED ENTERPRISES (SMES), AND INSTITUTIONS

PROGRAMME OBJECTIVE IS TO GENERATE COMPARABLE OPERATING PROFIT ANNUALISED RUN RATE IMPROVEMENTS OF APPROX. EUR 7 MLN BY THE END OF 2025, AND TOTAL OF APPROX. EUR 20 MLN BY END OF 2026

PROGRAMME IS EXPECTED TO GENERATE ONE-OFF COSTS, WHICH DO NOT AFFECT THE COMPARABLE OPERATING RESULT, OF ABOUT EUR 6 MLN IN 2025

LONG-TERM FINANCIAL TARGETS FOR 2029: COMPARABLE RETURN ON EQUITY (ROE) OVER 15% BY 2029

LONG-TERM FINANCIAL TARGETS FOR 2029: ASSETS UNDER MANAGEMENT OVER EUR 25 BLN BY 2029

LONG-TERM FINANCIAL TARGETS FOR 2029: ORGANIC NET COMMISSION INCOME GROWTH OVER 5% PER YEAR

LONG-TERM FINANCIAL TARGETS FOR 2029: COMMON EQUITY TIER 1 (CET1) RATIO 2–4 PERCENTAGE POINTS ABOVE THE REGULATORY REQUIREMENT

UPDATED DIVIDEND POLICY: AKTIA INTENDS TO PAY DIVIDEND OF ABOUT 60% OF PROFIT FOR REPORTING PERIOD TO ITS SHAREHOLDERS

 Source text for Workspace: nGNE6R3PRP
 Further company coverage: AKTIA.HE

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