Aktia reported a Q3 PBT of EUR 25.3m, 4.2% below consensus. NII missed 0.9% and Fees beat 4.9%. Life on the strong side with a 12.3% beat. Costs in line at 0.2% above consensus. Loan losses at EUR 3.8m notably higher than consensus EUR 2.3m due mainly to individual impairments on a small number of credits. Assets under management increased by 2.3% to EUR 16.3bn thanks to positive net inflows and a positive market development.
