Aktia Pankki (AKTIA) Investor Update summary

Strategic direction and acceleration program

• Announced a strategy acceleration program (2025–2029) to transform into a leading wealth manager, leveraging a strong banking heritage and focusing on premium/private banking, SMEs, and institutional segments.

• Identified 10 focused streams with over 120 initiatives to drive growth and recurring operating profit, targeting a €20 million run rate increase by end of 2026.

• Program is primarily growth-oriented, with most actions aimed at top-line expansion, supported by external partners for program management.

• One-off costs of €6 million expected in the first year, mainly for advisory and restructuring, treated as items affecting comparability.

• Emphasis on digital development, streamlined processes, and expanding personal service to a broader customer base.

Financial targets and dividend policy

• Set long-term targets for 2029: return on equity above 15%, gross AUM above €25 billion, and organic net commission income growth averaging over 5% per year.

• Interim AUM target of €20 billion by end of 2027, with gross AUM reporting to be adopted from Q1 2025.

• Dividend policy updated to distribute approximately 60% of annual profit, with potential for extra dividends or share buybacks if excess capital exists.

• CET1 ratio targeted at 2–4 percentage points above regulatory minimum, typically operating at the higher end of this range.

• FY 2024: €14.0bn assets under management, €124.5m comparable operating profit, 15% return on equity.

Execution, culture, and technology

• Emphasis on cultural transformation, clear communication, and accountability, with all 850 employees included in performance-based variable remuneration schemes.

• Aktia Experience initiative launched to integrate employee and customer satisfaction, aiming for a unified, customer-focused culture.

• Continued investment in technology, data, and AI to drive efficiency, scalability, and digital customer experience, with a modernized core banking system and increased cloud adoption.

• New leadership team and cultural transformation to align incentives and drive execution.