Bank of Åland Plc
Interim Report
October 23, 2026 9.00 EEST
Interim Report for the period January - September 2026
Continued solid development in the core business
"Our business continues to perform well, and we generated a return on equity of 16.9 per cent during the quarter.
"The volume of actively managed assets that we manage on behalf of our customers continued to record strong net inflows and reached a new all-time high of EUR 12.5 billion. Our three main segments, Private Banking, Premium Banking and IT, together improved their results compared with the corresponding period last year.
"We received confirmation of our strong customer relationships in EPSI Rating's customer survey of the Finnish banking and finance sector, in which the Bank of Åland received the sector's highest ratings for service, quality, customer loyalty, trust and sustainability.
"We see that our way of serving customers in our segments continues to be appreciated. During the quarter, we therefore began establishing operations in Haparanda and Luleå. This initiative is a natural step in our continued growth in Sweden and builds on the Bank of Åland's long experience as a full-service bank in both Finland and Sweden, as well as our understanding of the needs that arise when people and businesses live and operate across national borders.
"Despite the continued uncertainty in the world around us, we see good opportunities to continue developing our business in the near future."
Peter Wiklöf
Managing Director and Chief Executive
January-September 2026 compared to January-September 2025
- Net operating profit decreased by 11 per cent and amounted to EUR 45.6 M (51.0).
- Core income in the form of net interest income, net commission income and IT income increased by 2 per cent to EUR 162.0 M (159.1).
- Other income decreased by 69 per cent to EUR 1.5 M (4.8).
- Total expenses increased by 5 per cent to EUR 117.9 M (112.3).
- Net impairment losses on financial assets (including recoveries) amounted to a net recovery of EUR 0.0 M (net impairment losses of 0.6), equivalent to a loan loss level of 0.00 per cent (0.02).
- Return on equity after taxes (ROE) decreased to 15.8 per cent (18.4).
- Earnings per share decreased by 13 per cent to EUR 2.36 (2.71).
- The common equity Tier 1 capital ratio decreased to 12.4 per cent (12.7 on December 31, 2025).
- Unchanged future outlook: The Bank of Åland expects its return on equity after taxes (ROE) to continue to exceed its long-term financial target of 15 per cent during 2026.
The third quarter of 2026 compared to the third quarter 2025
- Net operating profit decreased by 4 per cent and amounted to EUR 15.8 M (16.3).
- Core income in the form of net interest income, net commission income and IT income increased by 2 per cent to EUR 52.4 M (51.1).
- Other income increased by 51 per cent to EUR 1.3 M (0.8).
- Total expenses increased by 5 per cent to EUR 37.7 M (35.8).
- Net impairment losses on financial assets (including recoveries) amounted to EUR 0.3 M (net recoveries of 0.1), equivalent to a loan loss level of 0.04 per cent (-0.00).
- Return on equity after taxes (ROE) decreased to 16.9 per cent (17.1).
- Earnings per share decreased by 4 per cent to EUR 0.82 (0.85).
Financial summary
| Group | Q3 2026 | Q2 2026 | % | Q3 2025 | % | Jan-Sep 2026 | Jan-Sep 2025 | % |
| EUR M | ||||||||
| Income | ||||||||
| Net interest income | 23.0 | 23.9 | -4 | 23.6 | -3 | 70.2 | 71.5 | -2 |
| Net commission income | 21.1 | 22.6 | -7 | 20.1 | 5 | 66.2 | 62.7 | 6 |
| IT income | 8.3 | 8.9 | -7 | 7.4 | 12 | 25.6 | 24.9 | 3 |
| Other income | 1.3 | -2.5 | 0.8 | 51 | 1.5 | 4.8 | -69 | |
| Total income | 53.7 | 52.9 | 1 | 52.0 | 3 | 163.4 | 163.9 | 0 |
| Staff costs | -23.2 | -25.9 | -10 | -22.5 | 3 | -73.9 | -70.6 | 5 |
| Other expenses | -11.0 | -11.7 | -5 | -10.3 | 7 | -34.1 | -32.7 | 4 |
| Depreciation/amortisation | -3.4 | -3.2 | 5 | -3.0 | 14 | -9.9 | -9.0 | 11 |
| Total expenses | -37.7 | -40.8 | -8 | -35.8 | 5 | -117.9 | -112.3 | 5 |
| Profit before impairment losses | 16.0 | 12.1 | 33 | 16.2 | -1 | 45.6 | 51.6 | -12 |
| Impairment losses on financial assets, net | -0.3 | 0.6 | 0.1 | 0.0 | -0.6 | |||
| Net operating profit | 15.8 | 12.7 | 24 | 16.3 | -4 | 45.6 | 51.0 | -11 |
| Income taxes | -3.1 | -3.0 | 4 | -3.3 | -4 | -9.3 | -9.4 | -1 |
| Profit for the period | 12.6 | 9.6 | 31 | 13.1 | -4 | 36.3 | 41.6 | -13 |
| Volume | ||||||||
| Lending to the public | 3,827 | 3,788 | 1 | 3,637 | 5 | |||
| Deposits from the public | 3,517 | 3,612 | -3 | 3,681 | -4 | |||
| Actively managed assets | 12,466 | 12,352 | 1 | 11,448 | 9 | |||
| Managed mortgage loans | 3,714 | 3,701 | 0 | 3,448 | 8 | |||
| Equity capital | 325 | 334 | -3 | 339 | -4 | |||
| Balance sheet total | 5,094 | 5,130 | -1 | 5,003 | 2 | |||
| Risk exposure amount | 1,905 | 1,892 | 1 | 1,835 | 4 |
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 2026, which is enclosed with this stock exchange release.
The Bank's Interim Report for the period January - September 2026 is attached to this release in PDF format and is also available on the company's web site at
https://assets.alandsbanken.com/pdf/result/en_resultat_jan-sep_26.pdf
Mariehamn, October 23, 2026
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
