Evli Bank Plc’s Financial Statements Bulletin January-December 2020 - Seite 3

The Advisory and Corporate Clients segment’s return declined eleven percent and was almost EUR 10 million. The Corporate Finance unit’s invoicing was reduced by delayed advisory projects. However, the incentive business grew as in previous years. The new company Evli Alexander Incentives Oy, which was established as a result of the share exchange that took place at the end of September, has been well-received among clients and employees, and the integration of operations has proceeded according to plan.

Evli’s strategic focus areas – international fund sales and sales of alternative investment products – showed contrasting performance during the year. International sales suffered from market price fluctuations, which was reflected in the form of net redemptions in corporate bond funds. The acquisition of new clients in Europe was also challenging due to extensive travel restrictions. However, the restrictions did not hamper sales of alternative investment products, as the main target group for these products is in Finland. During the year, the new alternative investment products Evli Infrastructure Fund I and Evli Impact Forest Fund I were launched and the raising of capital for both will continue in 2021. The total assets under management of alternative investment products has grown rapidly and exceeded the EUR 1 billion mark in 2020. Our goal is to offer our clients a broad range of varied alternative investment products to support traditional asset classes, enabling the implementation of a comprehensive and well-diversified asset management strategy.

Evli added responsibility to its strategic focus areas at the beginning of the year. We believe responsibility will further increase in importance in the future, and therefore we will focus even more on developing it, for example by setting climate targets and deepening ESG integration in portfolio management.

I would like to thank our clients and shareholders for their trust and our employees for their hard and successful work in the exceptional environment

EVLI BANK PLC

For additional information, please contact:

Maunu Lehtimäki, CEO, Evli Bank Plc, tel. [phone], [e-mail]
Juho Mikola, CFO, Evli Bank Plc, tel. [phone], [e-mail]  

Evli Bank Plc

Evli is a bank specialized in investments that helps institutions, corporations and private persons increase their wealth. The product and service offering includes mutual funds, asset management and capital markets services, alternative investment products, equity research, incentive plan design and administration and Corporate Finance services. The company also offers banking services that support clients' investment operations. Evli is the highest ranked and most used institutional asset manager in Finland*.

Evli has a total of EUR 14.1 billion in client assets under management (net 12/2020). Evli Group's equity capital totals EUR 95.4 million and its BIS capital adequacy ratio is 15.2 percent (December 31, 2020). The company has around 250 employees. Evli Bank Plc's B shares are listed on Nasdaq Helsinki Ltd.

*KANTAR SIFO Prospera External Asset Management Finland 2015, 2016, 2017, 2018, 2019 and SFR Scandinavian Financial Research Institutional Investment Services, Finland 2015, 2016, 2017, 2018.

Distribution:
Nasdaq Helsinki Ltd, main media, www.evli.com