Aktia Real Estate Mortgage Bank plc
Aktia Real Estate Mortgage Bank plc is a Finnish credit institution subject to the Mortgage Bank Act. A mortgage bank grants real estate loans, i.e. loans secured by real estate or shares in housing corporations, and loans to public sector entities.
Aktia Mortgage Bank is a credit institution specialized in mortgage loans. The bank grants loans to private individuals and housing corporations. Only real estate or shares in housing corporations located in Finland can serve as collateral for the loans. Aktia Mortgage Bank does not receive deposits, but the operation is financed by equity, short-term loans and issuance of covered bonds to domestic and foreign capital markets.
| Aktia Real Estate Mortgage Bank plc is under Finnish ownership: |
| Aktia Savings Bank plc |
56 % of equity |
70 % of voting rights |
| 32 savings banks |
33 % of equity |
20 % of voting rights |
| 39 local co-operative banks |
11 % of equity |
10 % of voting rights |
Business Concept and Loan Products
The mortgages are distributed through respective branch network by the co-operating banks. The customers are provided flexible and safe service at their own branch office - and offered a competitive and broad product range as a result of Aktia Mortgage Bank's cost-effective business model and excellent credit rating.
Aktia Mortgage Bank grants floating rate loans, whose interest rate can be tied to different reference rates, fixed rate loans of various maturities and loans with interest rate cap. Also housing corporations are granted loans.
All customer service is handled locally by the branch office the customer has chosen to use. The branch personnel are familiar with the process and can assist in all matters concerning loans granted by Aktia Real Estate Mortgage Bank. Loan term changes are made at the branch office as well.
Objectives
Aktia Mortgage Bank's objective is to offer its customers under all circumstances as advantageous finance solutions as possible, yet at the same time maintaining its excellent credit rating.
This is accomplished through continuous product and activity development and by intensifying co-operation with partner banks. High credit rating is the primary factor for favourable financing and is ensured by high quality collateral, a thorough credit granting process and competent personnel.
Aktia MB bondholders' consent solicitation
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