Brief: Aktia Bank Q2 Operating Profit Falls To EUR 16.3 Million

Aktia Bank Abp

04/08/2020 06:04

Aug 4 (Reuters) - Aktia Bank Abp  AKTIA.HE :
    * REG-AKTIA BANK PLC’S HALF-YEAR REPORT JANUARY–JUNE 2020:
STRONG
RECOVERY FOLLOWING A SPRING HIT BY THE CORONAVIRUS
    * Q2 NET INTEREST INCOME EUR 20.1 MILLION VERSUS EUR 19.2
MILLION
YEAR AGO
    * VISIBILITY FOR 2020 IS THEREFORE VERY POOR.
    * Q2 OPERATING PROFIT EUR 16.3 MILLION VERSUS EUR 24.2
MILLION
YEAR AGO
    * IS FOR MOMENT SUSPENDING ITS OUTLOOK FOR OPERATING PROFIT
2020.
    * Q2 NET COMMISSION INCOME EUR 22.9 MILLION VERSUS EUR 24.8
MILLION YEAR AGO
    * PROVISIONS FOR POTENTIAL CREDIT LOSSES ARE EXPECTED TO
CONTINUE
ON A MODERATE LEVEL DURING SECOND HALF OF YEAR AT SAME TIME AS
AKTIA'S LIQUIDITY AND CAPITAL ADEQUACY IS STILL STRONG
    * OUTLOOK 2020 UPDATED
    * Q2 IMPAIRMENT OF CREDITS AND OTHER COMMITMENTS EUR 1.8
MILLION
VERSUS EUR 1.4 MILLION YEAR AGO

Source text for Eikon:  ID:nGNE9DKJ3Y 
Further company coverage:  AKTIA.HE 

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