Bank of Åland Plc: Interim Report for the period January - March 2025

 Bank of Åland Plc Interim Report April 29, 2025 9.00 EET Interim Report for the period January - March 2025A strong start to the year in terms of earnings “We started 2025 with a strong net operating profit of EUR 18.3 million (16.9) and a return on equity of 19.5 (18.3) per cent. “Our income is increasing, and it is primarily net commission income that is climbing due to large transaction volume in our financial investment business. Expenses rose in a controlled manner, and...

Mariehamn, 29/04/2025 (informazione.news - comunicati stampa - servizi)

 

Bank of Åland Plc
Interim Report
April 29, 2025 9.00 EET

Interim Report for the period January - March 2025

A strong start to the year in terms of earnings

“We started 2025 with a strong net operating profit of EUR 18.3 million (16.9) and a return on equity of 19.5 (18.3) per cent.

“Our income is increasing, and it is primarily net commission income that is climbing due to large transaction volume in our financial investment business. Expenses rose in a controlled manner, and impairment losses (including recoveries) totalled a recovery of EUR 0.1 million during the first quarter.

“We are currently seeing a great deal of uncertainty in the world's capital markets, and we expect this uncertainty to persist for some time to come. The Bank of Åland is also well equipped for more turbulent times. As proof of this, in March Moody's Ratings raised its outlook for the Bank of Åland to positive from stable and affirmed the Bank's long-term deposit rating at A3.”

Peter Wiklöf, Managing Director and Chief Executive

January−March 2025 compared to January - March 2024

Financial Summary

The Bank of Åland (Ålandsbanken) follows the disclosure procedure stipulated in "Disclosure obligation of the issuer (6/2016)", published by the Finnish Financial Supervisory Authority and hereby publishes its Interim Report for the period January – March 2025, which is enclosed with this stock exchange release. The Bank`s Interim Report for the period January – March 2025 is attached to this release in PDF format and is also available on the company's web site at https://www.alandsbanken.fi/uploads/pdf/result/en_resultat_jan-mar_25.pdf 

Mariehamn, April 29, 2025

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 

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