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Analyst Comment

Aktia appointed a new CEO from its ranks

By Kasper MellasAnalyst
Aktia Pankki

Translation: Original published in Finnish on 10/22/2025 at 08:20 am EEST

Aktia announced on Tuesday that it had appointed Anssi Huhta as the company’s new CEO. Huhta, who is responsible for banking operations, has served as Aktia's interim CEO since June 2025. The appointment was expected and brings much-needed continuity to the bank's management after several changes.

The new CEO knows the company well

Anssi Huhta's appointment as permanent CEO was expected, and we consider the choice sensible. Huhta has been a member of the company's management team since 2020 and previously served as head of the banking business, so he is well acquainted with the company and its strategy An internal appointment is also logical, given the recent high management turnover, which would slow down the progress of any organization's development projects. An external CEO would have required yet another introduction period, which would quite likely have pushed the implementation schedule of key revision projects further into the future. 

At the same time, it should be noted that we feel the new CEO's strong banking background requires a skilled asset management leader alongside him, as Aktia seeks growth from commission income. So far, Aktia has not appointed a permanent head for its asset management after the previous director's employment ended in August this year.

The CEO's tenure calls for stability in strategy implementation

Huhta's appointment does not bring about changes to Aktia's strategy or its priorities, and thus does not affect our view of the company. However, the appointment was necessary for the implementation of the growth strategy, as the company's management and employees can now focus on implementing measures that support growth. Here, the CEO in particular plays a key role. While the company's business outlook is quite stable, it needs revenue growth, particularly in asset management, to support its investment case.

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Aktia Pankki offers banking services. The company is a Nordic financial company and offers financial services, asset management, insurance, and real estate brokerage. A large part of the services are offered via the company's network services and are offered to both private and corporate customers in most sectors. The largest presence is in the Finnish market. The company is headquartered in Helsinki.

Read more on company page

Key Estimate Figures06.08.

202425e26e
Operating income308.8292.5291.9
growth-%7.4 %-5.3 %-0.2 %
EBIT (adj.)124.4105.099.8
EBIT-% (adj.)40.3 %35.9 %34.2 %
EPS (adj.)1.451.151.09
Dividend0.820.830.89
Dividend %8.9 %7.4 %7.9 %
P/E (adj.)6.49.810.4
EV/EBITDA7.18.58.3

Forum discussions

Here are Kassu’s comments after the Financial Supervisory Authority slightly raised Aktia’s capital requirement The 0.25 percentage point increase...
11/26/2025, 6:13 AM
by Sijoittaja-alokas
2
They are hardly at the top of the plans, at least after the Taaleri deal. Now the management has left the door open for an even larger profit...
11/14/2025, 2:18 PM
by Kasper Mellas
16
This hopefully does not mean that the profit will be used for new acquisitions.
11/14/2025, 1:39 PM
by Manfred
1
Tärkeimmät talousuutiset | Kauppalehti – 14 Nov 25 Osinkopapereiden ykköseltä hämärä vastaus tulevasta – ”Ei ole kiveen... Aktian uusi toimitusjohtaja...
11/14/2025, 9:52 AM
by Junnu
1
To this, I would point out that the last few quarters have not been bad in terms of sales; quite reasonable amounts have been sold to private...
11/7/2025, 1:35 PM
by Kasper Mellas
6
I don’t doubt Aktia’s traditional banking operations, but for me, the most important question regarding Aktia is, by what means will the 2029...
11/7/2025, 12:33 PM
by Hannu P Hietalahti
4
Kassu has made a new company report on Aktia after Q3. Aktia’s Q3 results did not offer any significant surprises. However, we slightly raised...
11/7/2025, 8:10 AM
by Sijoittaja-alokas
3
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