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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 PlcInterim ReportOctober 24, 2023 9.00 EET
Interim Report for the period January - September 2023
“We delivered a very strong third quarter, where net operating profit climbed by 72 per cent to EUR 19.1 M from the corresponding quarter of last year. The improvement in earnings was driven primarily by rising net interest income.
“We expect that the upturn in interest rates that has benefited our net interest income in recent quarters will now fade and that we will see a stabilisation in interest rates. Despite rising interest rates, we are not yet seeing any deterioration in the quality of our loan portfolio.”Peter Wiklöf, Managing Director
January−September 2023 compared to January−September 2022
The third quarter of 2023 compared to the third quarter of 2022
Financial summary
Group | Q3 2023 | Q2 2023 | % | Q32022 | % | Jan-Sep 2023 | Jan-Sep 2022 | % |
EUR M | ||||||||
Income | ||||||||
Net interest income | 27.9 | 24.2 | 15 | 18.9 | 47 | 71.8 | 48.5 | 48 |
Net commission income | 17.8 | 18.2 | -3 | 18.6 | -4 | 54.3 | 60.0 | -9 |
IT income | 6.4 | 7.7 | -16 | 5.0 | 28 | 20.2 | 17.3 | 17 |
Other income | -0.9 | 0.0 | 0.2 | 0.3 | 11.3 | -98 | ||
Total income | 51.2 | 50.1 | 2 | 42.7 | 20 | 146.6 | 137.1 | 7 |
Staff costs | -19.4 | -20.4 | -5 | -17.9 | 8 | -60.4 | -55.8 | 8 |
Other expenses | -8.9 | -11.5 | -22 | -9.3 | -3 | -30.4 | -28.4 | 7 |
Statutory fees | 0.0 | 0.0 | 0.0 | -3.2 | -3.4 | -6 | ||
Depreciation/amortisation | -3.1 | -3.0 | 5 | -3.3 | -6 | -9.0 | -10.0 | -9 |
Total expenses | -31.5 | -34.9 | -10 | -30.5 | 3 | -103.1 | -97.7 | 6 |
Profit before impairment losses | 19.8 | 15.2 | 30 | 12.2 | 61 | 43.5 | 39.4 | 10 |
Impairment losses on financial assets, net | -0.7 | -1.0 | -31 | -1.1 | -39 | -2.0 | -4.0 | -49 |
Net operating profit | 19.1 | 14.2 | 34 | 11.1 | 72 | 41.5 | 35.5 | 17 |
Income taxes | -4.0 | -2.9 | 34 | -2.2 | 76 | -8.9 | -7.2 | 24 |
Profit for the period | 15.1 | 11.3 | 34 | 8.9 | 71 | 32.6 | 28.3 | 15 |
Attributable to: | ||||||||
Shareholders in Bank of Åland Plc | 15.1 | 11.3 | 34 | 8.9 | 71 | 32.6 | 28.2 | 15 |
Volume | ||||||||
Lending to the public | 3,777 | 4,274 | -12 | 4,241 | -11 | |||
Deposits from the public | 3,553 | 3,700 | -4 | 4,207 | -16 | |||
Actively managed assets | 8,982 | 9,010 | 0 | 8,212 | 9 | |||
Managed mortage loans | 2,600 | 2,050 | 27 | 1,195 | ||||
Equity capital | 318 | 296 | 7 | 312 | 2 | |||
Balance sheet total | 5,196 | 5,701 | -9 | 6,145 | -15 | |||
Risk exposure amount | 1,741 | 1,882 | -7 | 1,967 | -11 |
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 2023, which is enclosed with this stock exchange release. The Bank`s Interim Report for the period January – September 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-sep_23.pdf
Mariehamn, October 24, 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 |
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