Hi @Artisti,
Defining the CET1 target is indeed a balancing act between, on the one hand, having sufficient, resilient, and growth-enabling solvency, and on the other hand, the most efficient possible use of capital.
In Aktia’s case, it is worth remembering that the minimum requirement is one of the lowest in the market, so even with a 4 percentage point buffer, the CET1 ratio (with the current minimum requirement) is about 12.5. And 12.5 is not unusually high in the market.
Regards,
Oscar / Aktia IR