The negative impact from falling interest rates seen in Q4 should start to linger in Q1, but we expect little NII momentum given the lack of loan growth. A key focus for us will be asset quality as Aktia in Q4 reported 30bp of loan loss provisions, significantly higher than we expected and well above what we have seen for banks in neighbouring countries. Nordea reported a clear improvement in its Finnish division in Q1 and we expect Aktia to follow.
LÄS MER
