We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Alandsbanken Abp | LSE:0O2N | London | Ordinary Share | FI0009001127 | AALANDSBANKEN CLASS B ORD SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 14.225 | 12.45 | 16.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Commercial Banks, Nec | 200.86M | 48.67M | 3.1795 | 4.76 | 231.92M |
Bank of Åland PlcInterim ReportOctober 26, 2021 9.00 am
Interim Report for the period January - September 2021
“We are continuing our strong growth in both Finland and Sweden. We have benefited from having continuously recruited new employees, and we have thus still had time to provide for both new and existing customers. “All our volume metrics have reached new record levels. Over the 12-month period to September 30, 2021, actively managed assets grew to EUR 8,922 M (+36 per cent), deposits to EUR 3,836 M (+11 per cent) and lending to EUR 4,591 M (+9%), This positive volume trend has also generated our highest 9-month net operating profit ever, EUR 39.0 M, which was 42 per cent higher than during the corresponding period of last year.”
January – September 2021 compared to January – September 2020
The third quarter of 2021 compared to the third quarter of 2020
Financial summary
Group | Q3 2021 | Q2 2021 | % | Q3 2020 | % | Jan-Sep 2021 | Jan-Sep 2020 | % |
EUR M | ||||||||
Income | ||||||||
Net interest income | 15.5 | 15.2 | 2 | 14.7 | 5 | 46.0 | 44.0 | 5 |
Net commission income | 19.1 | 18.9 | 1 | 15.2 | 25 | 57.6 | 47.9 | 20 |
Net income from financial items at fair value | -1.7 | -0.6 | 0.6 | -1.9 | 1.4 | |||
Other income | 12.3 | 9.7 | 27 | 5.3 | 28.2 | 16.8 | 68 | |
Total income | 45.2 | 43.2 | 4 | 35.8 | 26 | 129.8 | 110.0 | 18 |
Staff costs | -17.1 | -18.5 | -8 | -15.3 | 12 | -53.1 | -46.1 | 15 |
Other expences | -8.3 | -7.7 | 7 | -6.4 | 30 | -26.2 | -22.5 | 17 |
Depreciation/amortisation | -4.3 | -2.9 | 49 | -3.1 | 39 | -10.2 | -9.2 | 10 |
Total expenses | -29.8 | -29.2 | 2 | -24.8 | 20 | -89.5 | -77.8 | 15 |
Profit before impairment losses | 15.4 | 14.1 | 9 | 11.0 | 40 | 40.4 | 32.3 | 25 |
Impairment losses on financial assets, net | -0.8 | -0.5 | 69 | -0.3 | -1.4 | -4.9 | -72 | |
Net operating profit | 14.6 | 13.6 | 7 | 10.7 | 36 | 39.0 | 27.4 | 42 |
Income taxes | -2.5 | -2.4 | 6 | -2.2 | 16 | -7.1 | -5.7 | 24 |
Profit for the report period | 12.1 | 11.2 | 8 | 8.5 | 42 | 31.9 | 21.7 | 47 |
Attributable to: | ||||||||
Shareholders in Bank of Åland Plc | 12.1 | 11.2 | 8 | 8.5 | 42 | 31.9 | 21.7 | 47 |
Volume | ||||||||
Lending to the public | 4,591 | 4,518 | 2 | 4,221 | 9 | |||
Deposits from the public | 3,836 | 3,801 | 1 | 3,459 | 11 | |||
Actively managed assets 1 | 8,922 | 8,541 | 4 | 6,547 | 36 | |||
Equity capital | 322 | 311 | 3 | 280 | 15 | |||
Balance sheet total | 6,353 | 6,261 | 1 | 5,726 | 11 | |||
Risk exposure amount | 1,827 | 1,812 | 1 | 1,693 | 8 | |||
Financial ratios | ||||||||
Return on equity after taxes, % (ROE) 2 | 16.7 | 16.4 | 12.3 | 15.1 | 10.8 | |||
Return on equity after taxes, % (ROE), moving 12-month average to end of report period | 14.8 | 13.7 | 11.0 | |||||
Expense/income ratio 3 | 0.66 | 0.67 | 0.69 | 0.69 | 0.71 | |||
Loan loss level, % 4 | 0.07 | 0.05 | 0.03 | 0.05 | 0.16 | |||
Gross share of loans in Stage 3, % 5 | 1.19 | 1.01 | 1.30 | |||||
Liquidity coverage ratio (LCR), % 6 | 149 | 152 | 138 | |||||
Net stable funding ratio (NSFR), % 7 | 109 | 110 | 109 | |||||
Loan/deposit ratio, % 8 | 120 | 119 | 122 | |||||
Common equtiy Tier 1 capital ratio, % 9 | 13.9 | 13.4 | 13.4 | |||||
Tier 1 capital ratio, % 10 | 15.5 | 15.1 | 13.4 | |||||
Total capital ratio, % 11 | 16.7 | 16.6 | 15.5 | |||||
Leverage ratio, % 12 | 4.8 | 4.8 | 3.8 | |||||
Earnings per share, EUR 13 | 0.77 | 0.72 | 8 | 0.55 | 41 | 2.05 | 1.39 | 47 |
Earnings per share, EUR, moving 12-month average to end of report period | 2.67 | 2.45 | 9 | 1.86 | 44 | |||
Equity capital per share, EUR 14 | 18.74 | 18.09 | 4 | 17.95 | 4 | |||
Working hours re-calculated to full-time equivalent positions | 836 | 825 | 1 | 773 | 8 | 813 | 745 | 9 |
1 Actively managed assets encompassed managed assets in the Group's own mutual funds, as well as discretionary and advisory securities volume plus external funds with contractual earnings2 Profit for the report period attributable to shareholders / Average shareholders´portion of equity capital 3 Expenses / Income 4 Impairment losses on loan portfolio and other commitments / Lending to the public at the beginning of the period5 Share of loans in Stage 3 / Gross lending to the public 6 LCR, assets at levels 1 and 2 / 30-day net cash outflow 7 Available stable funding / Stable funding requirement 8 Lending to the public / Deposits from the public 9 Common equity Tier 1 capital / Risk exposure amount 10 Tier 1 capital / Risk exposure amount 11 Own funds / Risk exposure amount 12 Tier 1 capital / Total exposure metric 13 Shareholders’ portion of profit for the period / Average number of shares 14 Shareholders’ portion of equity capital / Number of shares on closing day
The Bank of Åland (Ålandsbanken) follows the disclosure procedure stipulated in "Disclosure obligation of the issuer (7/2013)", published by the Finnish Financial Supervisory Authority and hereby publishes its Interim Report for the period January – September 2021, which is enclosed with this stock exchange release. The Bank`s Interim Report for the period January – September 2021 is attached to this release in PDF format and is also available on the company’s web site at https://www.alandsbanken.com/uploads/pdf/result/en_resultat_jan-sep_21.pdf
Mariehamn, October 26, 2021
THE BOARD OF DIRECTORS
For more information please contact:
Peter Wiklöf, Managing Director and Chief Executive, Bank of Åland, tel. + 358 (0)40 512 7505
Attachment
1 Year Alandsbanken Abp Chart |
1 Month Alandsbanken Abp Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions