Aktia Pankki

However, we expect the bank's comparable operating profit to still decline.

We consider the news a logical and expected step as part of Aktia's strategic goal to increase international asset management sales.

Uncertainty regarding economic development has clearly increased recently, and our assessment of Aktia's volume development is more cautious than before. At the same time, however, the rise in market interest rates supports net interest income, so overall our earnings forecasts for the coming years increased slightly.

The one-percentage-point decline in capital adequacy was greater than expected and reduces flexibility in profit distribution.