![](/cdn/assets/images/search/clock.png)
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 | 217.76M |
Bank of Åland Plc Interim Report April 27, 2023 9.00 am
Interim Report for the period January - March 2023
“We are starting the year with strong earnings, and we doubled our net operating profit compared to the first quarter of last year if we exclude the proceeds from the divestment of our SEK 10.4 billion mortgage loan portfolio in Sweden to Borgo.
“We are still seeing an inflow of new managed assets to our financial investment services, and we have begun to prepare for an additional divestment of mortgage loans in Sweden to Borgo. According to plans, this divestment will occur after the summer and will involve a mortgage loan portfolio totalling SEK 5-6 billion.”
Peter Wiklöf, Managing Director and Chief Executive
January–March 2023 compared to January–March 2022
Financial Summary
Group | Q12023 | Q4 2022 | % | Q12022 | % |
EUR M | |||||
Income | |||||
Net interest income | 19.8 | 19.7 | 0 | 14.3 | 38 |
Net commission income | 18.3 | 18.4 | -1 | 20.2 | -10 |
IT income | 6.1 | 6.2 | -2 | 5.5 | 11 |
Other income | 1.1 | 2.7 | -59 | 11.0 | -90 |
Total income | 45.3 | 47.0 | -4 | 51.1 | -11 |
Staff costs | -20.5 | -19.6 | 5 | -18.9 | 9 |
Other expenses | -10.0 | -11.3 | -11 | -9.7 | 3 |
Statutory fees | -3.2 | 0.0 | -3.6 | -9 | |
Depreciation/amortisation | -2.9 | -3.3 | -9 | -3.4 | -13 |
Total expenses | -36.7 | -34.1 | 8 | -35.5 | 3 |
Profit before impairment losses | 8.5 | 12.9 | -34 | 15.6 | -45 |
Impairment losses on financial assets, net | -0.3 | -2.2 | -87 | -1.7 | -82 |
Net operating profit | 8.2 | 10.6 | -23 | 13.9 | -41 |
Income taxes | -2.0 | -2.1 | -5 | -2.9 | -30 |
Profit for the period | 6.2 | 8.5 | -27 | 11.0 | -44 |
Attributable to: | |||||
Shareholders in Bank of Åland Plc | 6.2 | 8.5 | -27 | 11.0 | -44 |
Financial ratios | |||||
Return on equity after taxes, % (ROE) | 8.9 | 11.9 | 15.0 | ||
Return on equity after taxes, % (ROE), moving 12-month average to end of report period | 11.3 | 12.8 | 14.7 | ||
Earnings per share, EUR | 0.41 | 0.55 | -26 | 0.71 | -42 |
Earnings per share, EUR, moving 12-monthaverage to end of report period | 2.07 | 2.37 | -13 | 2.71 | -24 |
Common equtiy Tier 1 capital ratio, % | 12.4 | 12.0 | 13.9 | ||
Loan loss level, % 5 | 0.03 | 0.20 | 0.16 |
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 – March 2023, which is enclosed with this stock exchange release. The Bank`s Interim Report for the period January – March 2023 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-mar_23.pdf
Mariehamn, April 27, 2023
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