Aktia Bank Plc

Established in 1825 as a savings bank, Aktia Bank Plc is a Finnish commercial bank. Aktia Bank provides a broad range of banking products and services as well as asset management, insurance and real estate services.

Products

Financials

Total Assets (2017)
8 237.36 mln EUR  (+1.38%)
Operating Income (2017)
35.81 mln EUR  (-25.12%)

In 2017 total assets of Aktia Bank Plc were 8 237,36 mln EUR. In 2017 the bank's operating income was 35,81 mln EUR.

Aktia Bank Plc is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB+ (good credit quality). Long-term credit rating assigned to the bank by Moody's is A3 (upper medium grade).

Aktia Bank Plc participates in deposit guarantee scheme of Finland. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Mannerheimvägen 14, 101, HELSINGFORS, Finland
PB 207

Aktia Bank Plc is headquartered in HELSINGFORS.

Bank Identifiers

BIC (SWIFT)
HELSFIHH
MFI ID
FI21817028
Company Number
2181702-8

Business Summary

The range of products offered by Aktia Bank Plc includes credit cards, current accounts, savings accounts (0.10 - 0.10 %), time deposit accounts, consumer loans (from 8.50 %).

Products

Current Accounts

Current accounts are non-interest bearing deposit accounts that are used to perform day-to-day banking transactions. Current accounts are often offered with a payment card (a debit card and/or a credit card) and may also include overdraft possibility. Annual costs of having a current account (also known as account management fees) can depend on monthly income input to the account or amount of money deposited into the account.

Current accounts made with Aktia Bank Plc are covered by deposit guarantee scheme of Finland up to 100 000 EUR per depositor. The following current accounts are offered by Aktia Bank Plc.

Updated on 17 December 2018

Sales Region
Finland
Currency
EUR
Annual Costs (EUR)
0.00
Overdraft Rate
7.00 %
Current Account Details
Product Name
Youth
Currency
EUR
Interest Rate
0.00 %
Overdraft Rate
7.00 %
Annual Costs
0.00 EUR
Debit Card
Credit Card
Online Banking
Telephone Banking
Branch Banking
Mobile Banking
Notes
Only for people 18-26 years old
Sales Region
Finland
Currency
EUR
Annual Costs (EUR)
0.00
Overdraft Rate
7.00 %
Current Account Details
Product Name
Premium
Currency
EUR
Interest Rate
0.00 %
Overdraft Rate
7.00 %
Annual Costs
0.00 EUR
Debit Card
Credit Card
Online Banking
Telephone Banking
Branch Banking
Mobile Banking
Notes
30 000 EUR of savings or saving 400 EUR per month
Sales Region
Finland
Currency
EUR
Annual Costs (EUR)
48.00
Overdraft Rate
7.00 %
Current Account Details
Product Name
Perk Customer
Currency
EUR
Interest Rate
0.00 %
Overdraft Rate
7.00 %
Annual Costs
48.00 EUR
Debit Card
Credit Card
Online Banking
Telephone Banking
Branch Banking
Mobile Banking
Notes
500 EUR of regular income required
Sales Region
Finland
Currency
EUR
Annual Costs (EUR)
102.00
Overdraft Rate
7.00 %
Current Account Details
Product Name
Basic
Currency
EUR
Interest Rate
0.00 %
Overdraft Rate
7.00 %
Annual Costs
102.00 EUR
Debit Card
Credit Card
Online Banking
Telephone Banking
Branch Banking
Mobile Banking

Finland: This product is offered to Finnish residents only. When clicking on the product link you will be redirected to the product page in Finnish.

See Also

Savings Accounts

Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.

Savings accounts made with Aktia Bank Plc are covered by deposit guarantee scheme of Finland up to 100 000 EUR per depositor. Aktia Bank Plc offers the following savings accounts.

Updated on 17 December 2018

Sales Region
Finland
Account Currency
EUR
Interest Rate (p.a.)
0.10 %
Savings Account Details
Product Name
Säästötalletus
Account Currency
EUR
Withdrawal Limit
none
Extra Withdrawal Fee
none
Min. Extra Withdrawal Fee
none

Finland: This product is offered to Finnish residents only. When clicking on the product link you will be redirected to the product page in Finnish.

See Also

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Time deposit accounts made with Aktia Bank Plc are covered by deposit guarantee scheme of Finland up to 100 000 EUR per depositor. Aktia Bank Plc offers the following time deposit accounts.

Updated on 17 December 2018

Sales Region
Finland
Account Currency
EUR
Interest Rate (p.a.)
n/a *)
Deposit Term
1 - 36 months

Finland: This product is offered to Finnish residents only. When clicking on the product link you will be redirected to the product page in Finnish.

*) n/a interest rate indicates an interest rate negotiable on a personal basis.

See Also

Credit Cards

Credit cards provide a convenient option to borrow funds for short-term financing, for examples purchasing of goods and services. Credit cards differ by credit card provider (Visa, American Express, MasterCard), credit card type (silver, gold, platinum), charged interest and annual costs. The following credit cards are offered by Aktia Bank Plc.

Updated on 17 December 2018

Sales Region
Finland
Card Currency
EUR
Card Provider
MasterCard
Card Type
Gold
Annual Fee (EUR)
0.00
Credit Card Details
Product Name
Aktia MasterCard Gold Credit
Annual Fee
0.00 EUR
Card Provider
MasterCard
Card Type
Gold
Interest Rate
10.00 %
Cash Back
Reward Points
Travel Insurance
Purchase Insurance
Lounge Access
Min. Age
18 years
Min. Monthly Fee
0.00 EUR
Max. Monthly Fee
3.90 EUR
Sales Region
Finland
Card Currency
EUR
Card Provider
Visa
Card Type
Gold
Annual Fee (EUR)
48.00
Credit Card Details
Product Name
Aktia Visa Gold Credit/Debit
Annual Fee
48.00 EUR
Card Provider
Visa
Card Type
Gold
Interest Rate
8.50 %
Cash Back
Reward Points
Travel Insurance
Purchase Insurance
Lounge Access
Min. Age
18 years
Min. Monthly Fee
0.00 EUR
Max. Monthly Fee
3.90 EUR
Sales Region
Finland
Card Currency
EUR
Card Provider
Visa
Card Type
Standard
Annual Fee (EUR)
48.00
Credit Card Details
Product Name
Aktia Visa Credit
Annual Fee
48.00 EUR
Card Provider
Visa
Card Type
Standard
Interest Rate
8.50 %
Cash Back
Reward Points
Travel Insurance
Purchase Insurance
Lounge Access
Min. Age
18 years
Min. Monthly Fee
0.00 EUR
Max. Monthly Fee
3.90 EUR
Sales Region
Finland
Card Currency
EUR
Card Provider
Visa
Card Type
Platinum
Annual Fee (EUR)
240.00
Credit Card Details
Product Name
Aktia Visa Platinum
Annual Fee
240.00 EUR
Card Provider
Visa
Card Type
Platinum
Interest Rate
5.00 %
Cash Back
Reward Points
Travel Insurance
Purchase Insurance
Lounge Access
Min. Annual Income
60000 EUR
Min. Age
18 years
Min. Monthly Fee
0.00 EUR
Max. Monthly Fee
3.90 EUR
Sales Region
Finland
Card Currency
EUR
Card Provider
MasterCard
Card Type
Elite
Annual Fee (EUR)
240.00
Credit Card Details
Product Name
Aktia World Elite MasterCard
Annual Fee
240.00 EUR
Card Provider
MasterCard
Card Type
Elite
Interest Rate
8.50 %
Cash Back
Reward Points
Travel Insurance
Purchase Insurance
Lounge Access
Min. Annual Income
60000 EUR
Min. Age
18 years
Min. Monthly Fee
0.00 EUR
Max. Monthly Fee
3.90 EUR

Finland: This product is offered to Finnish residents only. When clicking on the product link you will be redirected to the product page in Finnish.

See Also

Consumer Loans

Consumer loans are secured or unsecured (i.e., backed or non-backed by a collateral) loans provided to retail customers for personal, family, or household purposes or for purchase of goods and services. In terms of repayment, consumer loans can be revolving (when a credit limit can be spent, repaid and spent again) or installment (such a loan is repaid in equal installments until the loan is paid off at the end of its term). Consumer loans offered by Aktia Bank Plc are shown in the table below.

Updated on 17 December 2018

Sales Region
Finland
Loan Currency
EUR
Min Borrowing Rate (p.a.)
8.50 %
Loan Term
12 - 60 months
Consumer Loan Details
Loan Currency
EUR
Min Borrowing Rate (p.a.)
8.50 %
Max Borrowing Rate (p.a.)
n/a
Rate Depends On
customer profile
Loan Term
12 - 60 months
Loan Amount
1000 - 20000 EUR
Monthly Fee
3.90 EUR

Finland: This product is offered to Finnish residents only. When clicking on the product link you will be redirected to the product page in Finnish.

See Also

Financial Positions

Total Assets (2017)
8 237.36 mln EUR  (+1.38%)
Total Equity (2017)
320.18 mln EUR  (-5.41%)

In 2017 total assets of Aktia Bank Plc were 8 237.36 mln EUR. Growth compared to the previous period (2016) was 1.38%. The evolution of the total assets of Aktia Bank Plc is shown at Chart 1 below.

Total Assets of Aktia Bank Plc.

Chart 1. Total Assets of Aktia Bank Plc.

Recent changes in total assets of Aktia Bank Plc and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 391.9 316.3 -19.27%
Loans to customers 5 494.6 5 834.8 +6.19%
Bonds and other fixed-income securities 1 782.3 1 807.6 +1.42%
Loans to banks 0.0
Total Assets 8 125.2 8 237.4 +1.38%
Table 1. Recent changes in total assets of Aktia Bank Plc (mln EUR).

Recent changes in total liabilities of Aktia Bank Plc and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 292.4 282.7 -3.30%
Customer deposits 4 179.8 4 156.9 -0.55%
Debt securities 2 565.1 2 661.8 +3.77%
Total Liabilities 8 125.2 8 237.4 +1.38%
Table 2. Recent changes in total liabilities of Aktia Bank Plc (mln EUR).

Profit and Loss

Operating Income (2017)
35.81 mln EUR  (-25.12%)

Recent changes in gross profit of Aktia Bank Plc and its main components are shown in Table 3.

2016 2017 % change
Net Interest Income 91.6 88.2 -3.73%
Net Commission Income 63.4 64.5 +1.69%
Commission Income 69.4 70.2 +1.18%
Commission Charges -6.0 -5.8 -4.23%
Net Income from Trading Operations 18.0 9.9 -45.15%
Table 3. Recent changes in gross profit of Aktia Bank Plc (mln EUR).

Credit Ratings (as of May 2018)

Fitch Moody's
BBB+ (good credit quality) A3 (upper medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Aktia Bank Plc is rated by Fitch and Moody's.

Credit ratings assigned to Aktia Bank Plc as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Aktia Bank Plc it is set to BBB+ (good credit quality), outlook is negative (may be lowered). The rating is not on watch. Short-term issuer default rating for Aktia Bank Plc is set to F2 (good short-term credit quality).

Long-Term Issuer Default Rating  BBB+
    Outlook  negative
    On Watch  No
Short-Term Issuer Default Rating  F2
Viability Rating  bbb+
Support Rating  2
Support Rating Floor  BBB

Viability rating for Aktia Bank Plc is set to bbb+ (good fundamental credit quality); support rating is 2 (high probability of external support); support rating floor is BBB (good credit quality).

Moody's

Long-term rating for Aktia Bank Plc it is set to A3 (upper medium grade). Long-term bank deposit rating is A3 (upper medium grade). Baseline credit assessment is baa2. Short-term rating is not assigned.

Long-Term Rating  A3
Long-Term Bank Deposit Rating  A3
Baseline Credit Assessment  baa2
Short-Term Rating  -
Outlook  positive

Outlook for the ratings of Aktia Bank Plc is set to positive (may be raised).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Finland are obliged to participate in Finnish deposit guarantee scheme.

In the case of Aktia Bank Plc failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Aktia Bank Plc and its components are shown in the table below.

BIC  HELSFIHH
Bank BIC Code  HELS
Country Code  FI (Finland)
Location Code  HH
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Aktia Bank Plc is shown in the table below.

MFI ID  FI21817028

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  2181702-8

Defunct Banks: 1 bank in 1 country

The following banks operating under Aktia brand name has been recently closed down:

Finland