Annual Review 2024Annual Review 2024
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Aktia’s year 2024
Aktia’s year 2024 – Implementing our strategy to be a leading wealth manager
Aktia successfully fulfilled its purpose of creating wealth in 2024 amid a changing operating environment. Aktia’s financial performance remained strong despite continued economic uncertainty, geopolitical tensions and fluctuations in interest rates. Aktia focused on customers’ evolving needs throughout the year, ensuring long-term value.
CEO’s comments
In 2024, the Finnish economy faced persistent challenges, including a sluggish housing market and constrained economic growth. However, the resilience of our strategic business model, built on three strong pillars – Asset Management, Banking and Life Insurance – ensured that we remained well-positioned for the future. In Asset Management, our continuous commitment to business development was reflected in increased customer engagement and high interest in our investment solutions. Our Banking business delivered solid performance, driven by strong demand for both investment products and financing solutions such as leasing and hire purchase. Meanwhile, our Life Insurance business continued on a steady trajectory, with investment-linked insurance assets reaching record levels.
Aktia’s strategy - Aktia’s growth and value creation journey accelerates
With solid results in 2024, Aktia reached its long-term financial targets for 2025 one year ahead of target. Following this, on 27 February 2025, Aktia announced its updated strategic priorities and long-term targets for 2029. Aktia's vision is clear: Aktia will accelerate the transformation into a leading wealth manager empowered by a strong banking heritage.
Sustainable Aktia
Aktia’s vision is to be a leading wealth manager empowered by a strong banking heritage, and we aim for sustainability-driven success. Sustainability is essential to safeguarding our clients’ long-term interests and Aktia’s ambition is to build sustainable wealth for our customers, investors, society, and a better world. During 2024, Aktia expanded its green loan offering with the Green Energy Loan. Aktia updated its principles for responsible investment and developed new active ownership methods. Aktia also committed to align its emissions reduction targets with the Science Based Targets initiative (SBTi). Aktia will update its sustainability program and targets during 2025.
Key figures 2024
308.8
mn €
308.8
+8% (287.2)
Comparable operating income
173.8
mn €
173.8
0% (174.2)
Comparable operating expenses
124.5
mn €
124.5
+19% (104.8)
Comparable operating profit
56%
56%
-8% (61%)
Comparable cost-to-income ratio
15%
15%
+13% (13.6%)
Return on equity (ROE)
12%
12%
+6% (11.3%)
Common Equity Tier 1 capital ratio (CET1)
11.9
bn €
11.9
Balance sheet total
14 bn €
14 bn €
Customer assets under management (AuM)
98.1%
98.1%
+3% (95.3%)
The share of assets under management classified as sustainable under Article 8/9
308.8
Comparable operating income
173.8
Comparable operating expenses
124.5
Comparable operating profit
56%
Comparable cost-to-income ratio
15%
Return on equity (ROE)
12%
Common Equity Tier 1 capital ratio (CET1)
11.9
Balance sheet total
14 bn €
Customer assets under management (AuM)
98.1%
The share of assets under management classified as sustainable under Article 8/9
Highlights of the year 2024
Q1
6 March 2024
Aktia’s emerging market fund was awarded the best in Europe
Aktia Emerging Market Local Currency Bond+, which invests in local currency bonds in emerging markets, collected first prize in the Refinitiv Lipper Fund Awards comparison.
Q2
23 May 2024
Aktia and Swedbank entered into strategic partnership
On 23 May 2024, Aktia and Swedbank signed on 23 May 2024, a strategic partnership agreement to begin a long-term collaboration with the aim of better serving both banks' corporate customers.
Q3
16 September 2024
Aktia’s total result in the 2024 EPSI Rating survey increased significantly
Aktia improved significantly in all the sub-areas covered by the EPSI study, and Aktia's overall result was very close to the “very satisfied” threshold. In 2024, Aktia was the bank that improved the most in the ranking. The study showed that Aktia's customers to a large extent are also likely to recommend Aktia.
Q4
28 October 2024
Aktia Life Insurance and POP Bank started cooperation in investment insurance sales
Aktia Life Insurance and POP Bank expanded the cooperation that has enabled Aktia Life Insurance investment insurance policies to be provided to POP Bank customers. The cooperation started on 1 November 2024.