Aktia Bank PLC (LTS:0QF8)
€ 9.17 -0.04 (-0.43%) Market Cap: 667.14 Mil Enterprise Value: 4.16 Bil PE Ratio: 6.88 PB Ratio: 0.90 GF Score: 62/100
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Q2 2020 Aktia Bank Abp Earnings Call Transcript

Aug 04, 2020 / 07:00AM GMT
Release Date Price: €8.86 (-1.22%)
Mikko Ayub
Aktia Bank - CEO

A very good morning to you all, ladies and gentlemen, and welcome to this Aktia Bank's First half year results presentation. My name is Mikko Ayub, I am the CEO of the Aktia Bank Plc. Our second quarter result was EUR 16.5 million. It was clearly better than our first quarter results -- sorry, our second quarter result was EUR16.5 million. It was clearly better than our first quarter results. It was six times better than that. That is perhaps not that much of a surprise knowing what has happened in the markets and in the surrounding conditions.

However, what I would like to point out is that we were 15%, 16% above our second quarter result of last year, and that tells me that the direction we have taken in implementing our strategy and the actions we have taken in working it through are correct ones and they are actually bearing fruit. During our second quarter, we had continued organic growth in our net interest income. The market recovered, asset values recovered, and that had a positive effect on the recovery of our assets under management.

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