Annual report for 2022
Continuously stable in challenging market phases: AKA is future-proof based on its resilient business model. Strategic growth-orientation and expanded market reach characterise the past fiscal year. The financial results underline: AKA is very well positioned even in difficult times.
Economic report 2022
Global economy and world trade: The significant economic context for AKA includes the trends within the global economy, which, together with country-specific factors, influence the vital eurozone and Germany as well as the relevant emerging markets. Equally significant is the development of global trade.
Business development 2022
AKA is strengthening its resilient business model with record volumes and continues its growth in 2022: The volume of new business increases again compared to the previous year, with a volume of EUR 2,123 million. With the net income from the loan business – as a relevant performance indicator – AKA achieved an increase of 4 % to EUR 58.3 million compared to the previous year.
Risk management
AKA manages and monitors its risks with the goals of creating an optimum risk and earnings profile and ensuring the necessary risk-bearing capacity at all times. With its coherent risk management structures, AKA is well equipped for future challenges. The risks arising from the loan business were also fully covered in the annual accounts in 2022. Overall, allocations to loan loss provisions of EUR 54.9 million were offset by reversals of provisions of EUR 42.1 million.
Guest contribution
Strengthen diversification - promote SMEs Challenges in foreign trade promotion
by Gerlind Heckmann, head of department and head of the sub-department for foreign trade promotion and financing; Ukraine – Eastern Europe, Caucasus, Central Asia in the Federal Ministry of Economics and Climate Protection
Outlook
"HOLDING THE COURSE OF TRANSFORMATION" IS ONE OF THE HEADLINES FOR THE BUSINESS YEAR 2023
AKA remains committed to its strong capital base and considers itself well-prepared for future challenging market phases. In 2023, we will continue working on our business model, expanding our range of offerings, enhancing the attractiveness of the employer brand AKA, further developing our digital transaction approaches, and introducing "New-Green Solutions" as part of financing solutions that adhere to ESG criteria.