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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 Plc Financial Statement Release February 1, 2023, 9.00 EET
Year-end Report for the period January–December 2022
“We are closing a very turbulent year, during which both the stock and fixed income markets fell, while war and rapid inflation affected us all. In spite of this, we can report a net operating profit of EUR 46.1 M, almost the same level as our previous high.
“It is pleasing that for the second straight year, we were ranked as the best Private Banking market player in Prospera’s Finnish customer survey. During 2022 we saw more than half a billion euros in net inflows into our financial investment services. Because of this continued customer inflow, combined with high interest rates – which benefit our net interest income – we look forward to 2023 with confidence and expect a significantly better operating profit than during 2022.”
Peter Wiklöf, Managing Director and Chief Executive
January−December 2022 Compared to January−December 2021
The fourth quarter of 2022 Compared to the fourth quarter of 2021
Financial summary
Group | Q4 2022 | Q32022 | % | Q42021 | % | Jan-Dec2022 | Jan-Dec2021 | % |
EUR M | ||||||||
Income | ||||||||
Net interest income | 19.7 | 18.9 | 4 | 16.2 | 21 | 68.2 | 62.2 | 10 |
Net commission income | 18.4 | 18.6 | -1 | 21.5 | -14 | 78.4 | 79.0 | -1 |
IT income | 6.2 | 5.0 | 23 | 6.3 | -3 | 23.5 | 24.4 | -4 |
Other income | 2.7 | 0.2 | 2.2 | 24 | 14.0 | 10.3 | 35 | |
Total income | 47.0 | 42.7 | 10 | 46.2 | 2 | 184.1 | 176.0 | 5 |
Staff costs | -19.6 | -17.9 | 10 | -18.0 | 9 | -75.5 | -71.1 | 6 |
Other expenses | -11.3 | -9.3 | 22 | -10.3 | 9 | -39.7 | -33.8 | 18 |
Statutory fees | 0.0 | 0.0 | -54 | 0.0 | -3.4 | -2.8 | 25 | |
Depreciation/amortisation | -3.3 | -3.3 | -2 | -4.1 | -21 | -13.2 | -14.3 | -7 |
Total expenses | -34.1 | -30.5 | 12 | -32.5 | 5 | -131.8 | -121.9 | 8 |
Profit before impairment losses | 12.9 | 12.2 | 5 | 13.8 | -6 | 52.3 | 54.1 | -3 |
Impairment losses on financial assets, net | -2.2 | -1.1 | 95 | -3.5 | -37 | -6.2 | -4.9 | 26 |
Net operating profit | 10.6 | 11.1 | -4 | 10.2 | 4 | 46.1 | 49.2 | -6 |
Income taxes | -2.1 | -2.2 | -6 | -2.3 | -8 | -9.3 | -9.3 | 0 |
Profit for the period | 8.5 | 8.9 | -4 | 7.9 | 7 | 36.8 | 39.9 | -8 |
Attributable to: | ||||||||
Shareholders in Bank of Åland Plc | 8.5 | 8.9 | -4 | 7.9 | 7 | 36.8 | 39.8 | -8 |
Volume | ||||||||
Lending to the public | 4,303 | 4,241 | 1 | 4,788 | -10 | |||
Deposits from the public | 4,182 | 4,207 | -1 | 4,070 | 3 | |||
Actively managed assets 1 | 8,637 | 8,212 | 5 | 9,826 | -12 | |||
Managed mortgage loans 2 | 1,304 | 1,195 | 9 | 2 | ||||
Equity capital | 316 | 312 | 2 | 332 | -5 | |||
Balance sheet total | 5,898 | 6,145 | -4 | 6,635 | -11 | |||
Risk exposure amount | 1,938 | 1,967 | -1 | 1,976 | -2 | |||
Financial ratios | ||||||||
Return on equity after taxes, % (ROE) 3 | 11.9 | 12.4 | 10.6 | 12.8 | 14.0 | |||
Return on equity after taxes, % (ROE), moving 12-month average to end of report period | 12.8 | 12.5 | 14.0 | |||||
Expense/income ratio 4 | 0.73 | 0.71 | 0.70 | 0.72 | 0.69 | |||
Loan loss level, % 5 | 0.20 | 0.11 | 0.30 | 0.14 | 0.12 | |||
Gross share of loans in Stage 3, % 6 | 1.61 | 1.62 | 1.23 | |||||
Liquidity coverage ratio (LCR), % 7 | 138 | 138 | 139 | |||||
Net stable funding ratio (NSFR), % 8 | 108 | 110 | 109 | |||||
Loan/deposit ratio, % 9 | 103 | 101 | 118 | |||||
Common equtiy Tier 1 capital ratio, % 10 | 12.0 | 11.8 | 12.1 | |||||
Tier 1 capital ratio, % 11 | 13.6 | 13.3 | 13.6 | |||||
Total capital ratio, % 12 | 15.2 | 15.0 | 15.4 | |||||
Leverage ratio, % 13 | 4.3 | 4.1 | 4.3 | |||||
Earnings per share, EUR 14 | 0.55 | 0.57 | -3 | 0.51 | 9 | 2.37 | 2.55 | -7 |
Earnings per share, EUR, moving 12-month average to end of report period | 2.37 | 2.32 | 2 | 2.55 | -7 | |||
Equity capital per share, EUR 15 | 18.82 | 18.17 | 4 | 19.39 | -3 | |||
Working hours re-calculated to full-time equivalent positions | 862 | 882 | -2 | 817 | 5 | 854 | 815 | 5 |
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 earnings 2 Total mortgage loan volume in Borgo AB that the Bank of Åland manages through various services 3 Profit for the report period attributable to shareholders / Average shareholders´portion of equity capital 4 Expenses / Income 5 Impairment losses on loan portfolio and other commitments / Lending to the public at the beginning of the period 6 Share of loans in Stage 3 / Gross lending to the public 7 LCR, assets at levels 1 and 2 / 30-day net cash outflow 8 Available stable funding / Stable funding requirement 9 Lending to the public / Deposits from the public 10 Common equity Tier 1 capital / Risk exposure amount 11 Tier 1 capital / Risk exposure amount 12 Own funds / Risk exposure amount 13 Tier 1 capital / Total exposure metric 14 Shareholders’ portion of profit for the period / Average number of shares 15 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 Year-end Report for the period January – december 2022, which is enclosed with this stock exchange release. The Bank`s Year-end Report for the period January – december 2022 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-dec_22.pdf
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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