Finland's Aktia Bank Q1 profit falls 35% on life insurance losses

Aktia Bank Abp

30/04/2026 06:20

Overview

Finland financial group's Q1 comparable operating profit fell 35% yr/yr on life insurance losses

Q1 net interest income declined 9% yr/yr; net commission income rose 5%

Company expects 2026 comparable operating profit to remain near 2025 level

Outlook

Aktia expects 2026 comparable operating profit to remain near 2025 level of EUR 106.0 mln

Company expects banking business result to be lower in 2026 due to decreased net interest income

Credit losses in 2026 expected to be significantly lower, but Finnish real estate sector uncertainty remains

Result Drivers

LIFE INSURANCE LOSSES - Net income from life insurance fell 84% due to lower net investment result, with management citing geopolitical tensions, higher long-term rates, wider credit spreads and falling share prices as key factors

ASSET MANAGEMENT GROWTH - Net commission income rose 5% on positive development in asset management and international sales

NET INTEREST INCOME DECLINE - Net interest income decreased 9% due to lower interest rates in the loan book, as expected

Company press release: ID:nWkrbrx16T

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
EUR 0.19
Q1 Net Interest Income
EUR 32 mln
Q1 CET1 Capital Ratio
12.80%
Q1 Net Commission Income
EUR 32.30 mln
Q1 Operating Income
EUR 64.80 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "hold"

Wall Street's median 12-month price target for Aktia Bank Abp is €12.55, about 9.3% above its April 29 closing price of €11.48

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)