Bank of Åland Plc: Half-Year Financial Report for the period January - June 2024

 Bank of Åland Plc Half-Year Financial Report July 19, 2024 9:00 EET Half-Year Financial Report for the period January - June 2024 “We had a strong first half in terms of earnings, with a net operating profit of EUR 32.5 million (22.5) and with a return on equity after taxes of 18.2 per cent (12.8).“The investment money we manage for our customers reached a new record level of more than EUR 10.3 billion.“During the quarter, we completed the third and final migration (SEK 3 billion)...

Mariehamn, 19/07/2024 (informazione.it - comunicati stampa - servizi)

 

Bank of Åland Plc
Half-Year Financial Report
July 19, 2024 9:00 EET

Half-Year Financial Report for the period January - June 2024

“We had a strong first half in terms of earnings, with a net operating profit of EUR 32.5 million (22.5) and with a return on equity after taxes of 18.2 per cent (12.8).

“The investment money we manage for our customers reached a new record level of more than EUR 10.3 billion.

“During the quarter, we completed the third and final migration (SEK 3 billion) of Swedish mortgages from our balance sheet to our partly owned mortgage company Borgo. We thus have a very strong capital and liquidity situation, which means that we are ready for future
growth as the demand for loans now hopefully starts to pick up.”

Peter Wiklöf, Managing Director and Chief Executive

January - June 2024 compared to January - June 2023

The second quarter of 2024 compared to the second quarter of 2023

Financial summary

 

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 Half-Year Financial Report for the period January - June 2024, which is enclosed with this stock exchange release.

The Bank`s Half-Year Financial Report for the period January - June 2024 is attached to this release in PDF format and is also available on the company's web site at https://www.alandsbanken.com/financial-information/financial-reports

Mariehamn, July 19, 2024

THE BOARD OF DIRECTORS

For more information please contact:

Peter Wiklöf, Managing Director and Chief Executive, Bank of Åland Plc, tel. + 358 (0)40 512 7505

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