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Aktia Bank

From Wikipedia, the free encyclopedia
Finnish bank
Aktia Bank Plc
Native name
Aktia Pankki Oyj
Company typePublic (Julkinen osakeyhtiö)
Nasdaq HelsinkiAKTIA
IndustryFinancial services
Founded1825 (original)
1991 (current form)
Headquarters,
Area served
Finland
Key people
Mikko Ayub (managing director)[1]
ProductsAsset management
Banking
Life insurance
RevenueIncreaseEUR 263.8 million(Fiscal Year Ended 31 December 2021)[2]
IncreaseEUR 84.6 million(Fiscal Year Ended 31 December 2021)[2]
IncreaseEUR 67.4 Million(Fiscal Year Ended 31 December 2021)[2]
AUMIncreaseEUR 15,451 million(Fiscal Year Ended 31 December 2021)[2]
Total assetsIncreaseEUR 11,653 million(Fiscal Year Ended 31 December 2021)[2]
Total equityIncreaseEUR 738 million(Fiscal Year Ended 31 December 2021)[2]
Number of employees
900 (2021)
Websitehttps://www.aktia.com

Aktia Bank Plc is aFinnish asset manager, bank and life insurer with offices in theHelsinki,Turku,Tampere,Vaasa andOulu regions.[3]

Aktia has three business areas: Banking, Asset Management and Life Insurance. Aktia has three reporting business segments: Banking Business, Asset Management and Group Functions.[4]

Aktia has about 250,000 private customers and 20,000 corporate and institutional customers.[4]

Aktia is owned by Finnish savings bank foundations, institutions and private individuals.[5]

The nameAktia is derived from theGreek language wordakti, which meanscoast. Aktia used to serve as the central financial institute for savings and local co-operative banks.

Aktia Bank has been designated as a Significant Institution since the entry into force ofEuropean Banking Supervision in late 2014, and as a consequence is directly supervised by theEuropean Central Bank.[6][7]

History

[edit]

Aktia originated from the oldest deposit bank in Finland, founded in 1825 asHelsingfors Stads Sparbanks Inrättning. In 1891 the bank changed its name toHelsingfors Sparbank (Helsinki Savings Bank).[citation needed]

Some banks that have merged with Aktia include:Kirkkonummen Säästöpankki in 1956,Säästöpankki Torkkeli in 1979 andEspoon Säästöpankki in 1980.[citation needed]

Aktia attained its current form in 1991, when the savings bank ofBromarv,Hanko,Ingå, Karjaa-Pohja,Sipoo,Siuntio, andTenala merged to formSäästöpankki Aktia (Savings Bank Aktia). Later, the savings banks ofPorvoo andVaasa were merged. The name was changed toAktia Säästöpankki Oy (Aktia Savings Bank Oy) in 1994. In 1996, Aktia acquired theretail banking operations ofSKOP Bank(fi), which went bust in theearly-1990s Finnish banking crisis and therecession that followed.[citation needed]

The Annual General Meeting in the spring of 2018 decided to merge Aktia's share series: previously the shares were divided into A and R series, of which each R share entitles the holder to 20 votes and each A share to one vote at the Annual General Meeting.[8]

References

[edit]
  1. ^"Managing director". Aktia. Retrieved2017-03-31.
  2. ^abcdef"Aktia Bank 2020 Annual & Sustainbility Report"(PDF).Aktia. 31 December 2021. Retrieved17 June 2022.
  3. ^"Annual and Sustainability Report 2019". 15 May 2020.[permanent dead link]
  4. ^ab"Annual Review 2021"(PDF). Aktia Bank Plc. 17 June 2022 [16 March 2022]. Retrieved17 June 2022.
  5. ^"Tietoa Aktiasta – Aktia".www.aktia.fi (in Finnish). Retrieved2017-05-02.
  6. ^"The list of significant supervised entities and the list of less significant institutions"(PDF).European Central Bank. 4 September 2014.
  7. ^"List of supervised entities"(PDF).European Central Bank. 1 January 2023.
  8. ^Saarinen, Merja."Aktia yhdistää osakesarjansa – R-osakkeiden omistajille hyvitys".Arvopaperi (in Finnish). Retrieved2022-06-29.
Companies listed onNasdaq Helsinki


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