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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Aktia Pankki Oyj    AKTIA   FI4000058870

AKTIA PANKKI OYJ

(AKTIA)
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Aktia Pankki Oyj : Administrative fine imposed on Aktia Bank Plc for incorrect FINREP reporting

11/20/2020 | 05:01am EST

Press release 20 November 2020

Administrative fine imposed on Aktia Bank Plc for incorrect FINREP reporting

The Financial Supervisory Authority (FIN-FSA) has imposed an administrative fine of EUR 40,000 on Aktia Bank Plc due to the fact that, during the period 1 October 2017 to 31 March 2019, the company reported incorrect information (FINREP F19 report) on forbearance exposures in accordance with the EU Capital Requirements Regulation and the Commission Regulation adopted pursuant thereto. In addition, there have been inaccuracies in FINREP reports F20.4 Geographical breakdown of assets by residence of the counterparty and F20.5 Geographical breakdown of off-balance sheet exposures by residence of the counterparty.

According to the Act on the Financial Supervisory Authority, the amount of an administrative fine is based on an overall assessment. In assessing the amount of the administrative fine, consideration has been given to the nature, scope and duration of the conduct. The administrative fine is ordered payable to the State.

The decision on the imposition of the administrative fine is not yet legally binding. The company has the right to appeal the decision to the Helsinki Administrative Court within 30 days of receipt of notice of the decision. Information on the legal validity of the decision is available on the FIN-FSA website.

For further information, please contact

Sonja Lohse, Chief Advisor

Requests for interviews are coordinated by FIN-FSA Communications, tel. +358 9 183 5030 (weekdays 9.00–16.00).

Appendix

Decision of the Financial Supervisory Authority (pdf, in Swedish)

See also

Administrative sanctions

Decisions of the Financial Supervisory Authority

Contacts

  • Media phone service number, can be contacted on weekdays 9–16, except on Holy Thursday and New Year’s Eve on 9–13, +358 9 183 5030

About Finanssivalvonta

Finanssivalvonta, or the Financial Supervisory Authority (FIN-FSA), is the authority for supervision of Finland’s financial and insurance sectors. The entities supervised by the authority include banks, insurance and pension companies as well as other companies operating in the insurance sector, investment firms, fund management companies and the Helsinki Stock Exchange. We foster financial stability and confidence in the financial markets and enhance protection for customers, investors and the insured.

Attachments

  • Download announcement as PDF.pdf

© STT Info Finland, source STT Info English Regulatory Releases

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Financials
Sales 2020 199 M 242 M 242 M
Net income 2020 42,7 M 51,8 M 51,8 M
Net Debt 2020 - - -
P/E ratio 2020 16,0x
Yield 2020 7,49%
Capitalization 677 M 821 M 821 M
Capi. / Sales 2020 3,40x
Capi. / Sales 2021 3,06x
Nbr of Employees 821
Free-Float 56,9%
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Mean consensus UNDERPERFORM
Number of Analysts 2
Average target price 10,00 €
Last Close Price 9,74 €
Spread / Highest target 2,67%
Spread / Average Target 2,67%
Spread / Lowest Target 2,67%
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NameTitle
Mikko Karim Ayub President & Chief Executive Officer
Lasse Lars Erik Svens Chairman
Anu Tuomolin Chief Operating Officer & Executive Vice President
Outi Kristiina Henriksson Chief Financial Officer & Executive Vice President
Juha Volotinen Chief Information Officer & Executive VP
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