Aktia Bank Corrects Annual Review 2024 on Fund Launches and Classification.

Friday, Mar 14, 2025 8:49 am ET1min read

Aktia Bank Plc has published a correction to its Annual Review 2024. The review incorrectly stated that some funds were launched in 2024. Aktia Emerging Market Corporate Bond+ was reclassified under Article 8 and prepared for a dark green fund under Article 9. Aktia also merged its Stable Yield and Short-Term Corporate Bond+ funds and launched a European equity fund. The corrections are on page 15 of the Annual Report 2024.

Aktia Bank Plc, a leading Finnish asset manager, bank, and life insurer, recently published a correction to its Annual Review 2024 [1]. The correction addressed several inaccuracies, including the launch dates of certain funds and their reclassifications under different articles of the Sustainable Finance Disclosure Regulation (SFDR).

The most significant changes involved Aktia Emerging Market Corporate Bond+, which was incorrectly stated to have been launched in 2024. Instead, the fund was reclassified under Article 8 and prepared for a dark green fund under Article 9 [2]. Additionally, Aktia merged its Stable Yield and Short-Term Corporate Bond+ funds and launched a European equity fund.

Aktia's Annual Review 2024, initially published on March 13, 2025, comprises various sections, including the annual review, report by the Board of Directors, financial statements, corporate governance report, sustainability report, risk report, and remuneration report [2]. The documents are available in Finnish, Swedish, and English on the company's website [2].

The corrections to the Annual Review were made in response to the European Single Electronic Format (ESEF) reporting requirements and the SFDR. The audit firm KPMG Oy Ab provided an independent auditor's limited assurance report on Aktia's ESEF Financial Statements, executed in accordance with the International Standard on Assurance Engagement (ISAE) 3000 [2].

Aktia's sustainability report was prepared in accordance with the Accounting Act, European Sustainability Reporting Standards (ESRS), and the EU taxonomy, with limited-level assurance verification provided by KPMG Oy Ab [2].

Aktia Bank, founded 200 years ago, continues to create wealth and wellbeing for its customers through digital channels [2]. With a strong commitment to sustainability and transparency, Aktia's corrections to the Annual Review demonstrate its dedication to maintaining accurate and reliable financial reporting.

References:
[1] Aktia Bank Plc. Investor Relations. Contacts. https://www.aktia.com/en/investors
[2] Aktia Bank Plc. Stock Exchange Release. Aktia's Annual Report 2024 published. 13 March 2025. https://www.marketscreener.com/quote/stock/AKTIA-PANKKI-OYJ-42765428/news/Aktia-s-Annual-Report-2024-published-49323659/

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