I don’t really have a vested interest in the matter, but I can’t help but wonder how poorly reasoned and, frankly, foolish that proposal from the shareholders is. Anyone with even a basic understanding of mathematics/financial theory can calculate that, on a theoretical level, there is no difference between the alternatives in terms of the end result, meaning ±0. When practicalities like transaction costs and taxes are considered, it is significantly more sensible to handle it in the current manner. I hope such insane proposals do not spread to other general meetings. -Professor
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Close call, the interest rate on this Aktia bond is 6.75%:
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I completely agree. I thought that salary costs + share-based payments had been calculated here, and that these would be unreasonable compared to other banks, but they haven’t even bothered to investigate that far.
You can’t just argue that share-based payments shouldn’t be distributed, for example, just because the share price hasn’t developed as desired. It’s a bit like saying you’ll get 50% of your salary compared to peers if we’re doing badly; probably not the best way to turn the ship around.
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Kassu has written a new report on Aktia 
Uncertainty regarding economic development has clearly increased recently, and our estimate of Aktia’s volume development is more cautious than before. At the same time, rising market interest rates support the net interest income, so overall, our earnings forecasts for the coming years increased slightly. However, after the share price increase, Aktia’s valuation is already neutral, so in a foggy market environment, the return expectation no longer appears sufficiently attractive.
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CEO’s review of yesterday’s Annual General Meeting! 
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Cha-ching! Aktia is expanding its international distribution network with three new sales partnerships.
Aktia announced on Thursday that it is expanding its international distribution network with three new sales partnerships. We consider this news a logical and expected step as part of Aktia’s strategic goal to grow its international asset management sales.
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The head of Aktia’s asset management was interviewed by AMWatch (behind a paywall):
New distribution channels are sought to boost sales, and the goal is still to grow asset management’s AUM by approximately 50% by the end of 2030.
Quote from the article:
”Finland is our core market. Private and domestic institutions are still very sizeable in our AUM. As we have said earlier, we consider international sales as one of our main growth drivers in Asset Management. That is where we see our main growth opportunities in the future,” Vuorinen tells AMWatch in an interview.”
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Lynchian observation: It seems like there’s a really strong effort to sell abroad; there’s a strong sense of getting things done. We’ll see if the products are good enough when competing with the big boys.
Well, at least we’re trying something a little new!
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Kassu’s pre-comments as Aktia reports its Q1 results on Thursday, April 30.
We expect the bank’s operating income and comparable operating profit to have decreased slightly from the comparison period. On the earnings day, our attention will be focused particularly on the outlook for asset management’s new sales following the new international distribution channels.
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Good evening from Aktia IR! Final preparations are underway for tomorrow’s publication of the Q1 report. With the help of small donuts, the IR evening shift is starting in an almost Vappu-like (May Day) atmosphere.
The report will be published tomorrow at 8:00 a.m. A webcast will begin at 10:30 a.m., where we will review the quarterly results and answer questions together with CEO Anssi Huhta and CFO Sakari Järvelä. Welcome to join us: Interim Report 1-3/2026
Aktia IR - at your service!
Linda Tuomela & Oscar Taimitarha
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The figures look a bit poor 
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So it seems, wrong horses in the life insurance portfolio(?) Otherwise, it’s quite alright, and even that will be corrected if/when the Strait of Hormuz opens at some point. I suspect many others have their investment portfolios slightly in the red for the same reason.
Here are Kasper’s quick comments on the results.
And in this video, Kasper interviews Aktia’s CEO Anssi Huhta
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However, the result fell short of expectations due to the life insurance business’s investment portfolio.
Since there was that massive crash at the end of Q1, was there a correspondingly even larger rise at the start of Q2? Hopefully, it holds for longer this time.
And here is the company report from Kasperi following the Q1 results
Aktia’s Q1 result fell clearly short of our expectations. However, this was largely explained by valuation changes in the life insurance business’s investment portfolio. Consequently, forecast changes after the results day remained moderate. We are revising our target price to EUR 12.0 (prev. EUR 12.5), which is mainly explained by the dividend detachment. We consider the share price drop on the results day to be excessive, so we are upgrading our recommendation to Accumulate (prev. Reduce) as the stock’s valuation is moderate once again.
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Aktia’s Deputy CEO Anssi Huhta in the latest episode of Karo’s Grill. The session featured a direct and punchy discussion regarding Aktia’s business development, strategic choices, and future outlook.
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Oscar was presenting his company as an investment opportunity at the Wealth Management Evening
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