This report does not constitute a rating action. ALAC--Additional loss-absorbing capacity. CRA--Comparable ratings analysis. GRE--Government-related entity. ICR--Issuer credit rating. SACP--Stand-alone credit profile. Overview Key strengths Key risks Strong capitalization, underpinned by sound and diversified earnings. Downside risks from recent leadership turnover. Well-established regional retail operation complemented by asset-management and life insurance business. Sensitivity to the domestic real estate market. Low-risk collateralized lending profile. Scope to improve operating efficiency relative to Nordic midsize peers. On Sept. 15, 2025, Aktia announced that incoming CEO Carl Haglund will not take on the role. This followed the resignation of former CEO Aleksi Lehtonen just three months prior and the departure of the President For Wealth And Asset Management in August and marks a trend
