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Evli Bank Plc renews its financial reporting(April 21, 2017)
EVLI BANK PLC STOCK EXCHANGE RELEASE APRIL 21, 2017, AT 3.00 PM
Evli Bank Plc renews its financial reporting
Evli Bank Plc will alter its financial reporting as of the first quarter 2017. The alteration is due to the renewal of the organizational structure, announced on 24 January 2017. The purpose of the change is to enhance customer centricity even further and respond to the development trends of the business environment and the changing regulation.
As a consequence of the organizational change, Evli will have two business areas; Wealth Management and Investor Clients and Advisory and Corporate Clients. These are supported by the Group Operations, which include banking services, as well as Evli's own balance sheet investments. The result for the first quarter of 2017 will be reported in accordance with these business areas.
The first Interim report based on the new reporting structure for the period January-March 2017 will be published on 24 April 2017.
Comparison data of the new financial reporting for the year 2016 is presented below.
SEGMENT INCOME STATEMENT, M
|Wealth Management & Investor Clients 1-12/ 2016|| Advisory & Corporate Clients|| Group operations|
|Trading and FX result||0.8||0.0||2.8||0.4||4.0|
|Other operative income||0.0||0.0||0.1||0.0||0.1|
|Segment operating expenses||-30.2||-6.0||-9.2||-0.4||-45.8|
|Business units operating profit before depreciations and Group allocations||16.9||1.9||-4.8||0.3||14.2|
|Business units operating profit before Group allocations||15.4||1.3||-5.5||-0.1||11.1|
|Allocated corporate expenses||-8.5||0.0||8.5||0.0||0.0|
|Operating profit including Group allocations||6.9||1.3||3.1||-0.1||11.1|
|Share of profits (losses) of associates||1.1||1.1|
|Segment profit/loss after taxes||6.9||1.3||3.1||-1.5||9.7|
EVLI BANK PLC
For additional information, please contact:
Juho Mikola, CFO, Evli Bank Plc, tel. +358 (0)9 4766 9871 or +358 (0)40 717 8888, email@example.com
Evli Bank Plc in brief
Evli Bank Plc is a Finnish private bank specializing in investment. Evli's clients are present and future high net worth private individuals, companies, and institutions including insurance companies, pension funds, organizations and municipal authorities. Evli offers asset management services, various services related to the capital markets, alternative investment products, investment research, advisory services related to mergers and acquisitions as well as administration of incentive programs. The company also offers a comprehensive selection of funds, and banking services that support clients' investment activities.
Distribution: Nasdaq Helsinki Ltd, main media, www.evli.com
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