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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 2, 2024, 9.00 EET
Year-end Report for the period January–December 2023
“We completed our best year ever in terms of net operating profit, EUR 61.7 million (+34 per cent), with our best quarter ever in terms of net operating profit, EUR 20.2 M (+90 per cent).
“Due to good inflow and a positive market effect, the assets we manage for our clients, EUR 9,776 M (+13 per cent), are at about the same level as our previous record. Combined with the fact that we were named Finland’s best Private Banking operator in Kantar Prospera’s customer survey for the third year in a row, this means that we look forward to 2024 with solid confidence.”
Peter Wiklöf, Managing Director and Chief Executive
January−December 2023 compared to January−December 2022
The fourth quarter of 2023 compared to the fourth quarter of 2022
Financial summary
Group | Q4 2023 | Q3 2023 | % | Q4 2022 | % | Jan-Dec 2023 | Jan-Dec 2022 | % |
EUR M | ||||||||
Income | ||||||||
Net interest income | 27.8 | 27.9 | 0 | 19.7 | 41 | 99.7 | 68.2 | 46 |
Net commission income | 22.6 | 17.8 | 27 | 18.4 | 23 | 77.0 | 78.4 | -2 |
IT income | 8.4 | 6.4 | 32 | 6.2 | 37 | 28.6 | 23.5 | 22 |
Other income | -3.2 | -0.9 | 2.7 | -3.0 | 14.0 | |||
Total income | 55.7 | 51.2 | 9 | 47.0 | 18 | 202.3 | 184.1 | 10 |
Staff costs | -20.9 | -19.4 | 8 | -19.6 | 7 | -81.3 | -75.5 | 8 |
Other expenses | -11.2 | -8.9 | 25 | -11.3 | -1 | -41.6 | -39.7 | 5 |
Statutory fees | 0.0 | 0.0 | 0.0 | -3.2 | -3.4 | -6 | ||
Depreciation/amortisation | -3.2 | -3.1 | 2 | -3.3 | -3 | -12.2 | -13.2 | -8 |
Total expenses | -35.3 | -31.5 | 12 | -34.1 | 3 | -138.4 | -131.8 | 5 |
Profit before impairment losses | 20.4 | 19.8 | 3 | 12.8 | 59 | 63.9 | 52.3 | 22 |
Impairment losses on financial assets, net | -0.1 | -0.7 | -79 | -2.2 | -93 | -2.2 | -6.2 | -65 |
Net operating profit | 20.2 | 19.1 | 6 | 10.6 | 90 | 61.7 | 46.1 | 34 |
Income taxes | -4.2 | -4.0 | 5 | -2.1 | 97 | -13.1 | -9.3 | 40 |
Profit for the period | 16.1 | 15.1 | 6 | 8.5 | 89 | 48.7 | 36.8 | 32 |
Attributable to: | ||||||||
Shareholders in Bank of Åland Plc | 16.1 | 15.1 | 6 | 8.5 | 89 | 48.7 | 36.8 | 32 |
Volume | ||||||||
Lending to the public | 3,859 | 3,777 | 2 | 4,303 | -10 | |||
Deposits from the public | 3,595 | 3,553 | 1 | 4,182 | -14 | |||
Actively managed assets | 9,776 | 8,982 | 9 | 8,637 | 13 | |||
Managed mortage loans | 2,716 | 2,600 | 4 | 1,304 | ||||
Equity capital | 335 | 318 | 5 | 317 | 6 | |||
Balance sheet total | 5,342 | 5,197 | 3 | 5,898 | -9 | |||
Risk exposure amount | 1,774 | 1,741 | 2 | 1,938 | -8 |
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 2023, which is enclosed with this stock exchange release. The Bank`s Year-end Report for the period January – december 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-dec_23.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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