Ålandsbanken Abp Logo

Ålandsbanken Abp

ISIN: FI0009000103 | Ticker: ALBAV | LEI: 7437006WYM821IJ3MN73
Sector: FinancialsSub-Industry: Regional Banks
Country: Finland

About Ålandsbanken Abp

Company Description

Ålandsbanken was founded in Åland in 1919 and the group with its three subsidiaries currently employs over 948 people. The bank was listed on the stock exchange in 1942 and has operations in Åland, Finland and Sweden. The CEO is Peter Wiklöf.

Year founded

1919

Headquarters

Nygatan 2, 22100 Mariehamn – Finland

Financial statements

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Line item in (eur) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 6,035,058,000.00 6,634,639,000.00 5,897,719,000.00
Property Plant And Equipment N/A 32,861,000.00 34,272,000.00 35,544,000.00
Investment Property N/A 313,000.00 307,000.00 300,000.00
Intangible Assets Other Than Goodwill N/A 24,388,000.00 23,086,000.00 20,621,000.00
Investment Accounted For Using Equity Method N/A 1,449,000.00 14,603,000.00 6,790,000.00
Deferred Tax Assets N/A 5,421,000.00 4,777,000.00 6,479,000.00
Current Tax Assets Noncurrent N/A 139,000.00 141,000.00 1,234,000.00
Cash and cash equivalents 495,727,000.00 672,255,000.00 900,348,000.00 329,012,000.00
Equity And Liabilities N/A 6,035,058,000.00 6,634,639,000.00 5,897,719,000.00
Equity 258,355,000.00 292,368,000.00 331,918,000.00 316,446,000.00
Issued Capital N/A 42,029,000.00 42,029,000.00 42,029,000.00
Retained Earnings N/A 158,589,000.00 171,744,000.00 170,137,000.00
Share Premium N/A 32,736,000.00 32,736,000.00 32,736,000.00
Other Reserves N/A 25,129,000.00 25,129,000.00 25,129,000.00
Equity Attributable To Owners Of Parent N/A 292,357,000.00 302,481,000.00 287,007,000.00
Noncontrolling Interests N/A 11,000.00 13,000.00 14,000.00
Liabilities N/A 5,742,690,000.00 6,302,720,000.00 5,581,273,000.00
Deferred Tax Liabilities N/A 32,231,000.00 34,571,000.00 34,697,000.00
Current Tax Liabilities Current N/A 5,131,000.00 4,271,000.00 2,712,000.00
Line item in (eur) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue From Rendering Of Information Technology Services 21,929,000.00 24,407,000.00 23,492,000.00
Revenue From Interest 68,064,000.00 69,390,000.00 84,526,000.00
Other Income 1,090,000.00 10,254,000.00 622,000.00
Employee Benefits Expense 62,921,000.00 71,115,000.00 75,463,000.00
Depreciation And Amortisation Expense 12,304,000.00 14,262,000.00 13,214,000.00
Impairment Loss Impairment Gain And Reversal Of Impairment Loss Determined In Accordance With I F R S9 4,857,000.00 4,906,000.00 6,205,000.00
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method 89,000.00 531,000.00 544,000.00
Profit Loss Before Tax 39,717,000.00 49,198,000.00 46,093,000.00
Income Tax Expense Continuing Operations 8,232,000.00 9,348,000.00 9,314,000.00
Profit (loss) 31,485,000.00 39,850,000.00 36,779,000.00
Profit Loss Attributable To Owners Of Parent 31,486,000.00 39,849,000.00 36,778,000.00
Profit Loss Attributable To Noncontrolling Interests -1,000.00 2,000.00 1,000.00
Line item in (eur) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A 31,485,000.00 39,850,000.00 36,779,000.00
Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss N/A 5,462,000.00 5,347,000.00 6,470,000.00
Other Adjustments For Which Cash Effects Are Investing Or Financing Cash Flow N/A N/A -1,936,000.00 -1,000.00
Cash Flows From Used In Operations N/A 188,184,000.00 258,054,000.00 -478,725,000.00
Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 0.00 764,000.00 0.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 1,139,000.00 11,543,000.00 0.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities N/A 60,000.00 138,000.00 66,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 1,373,000.00 2,872,000.00 3,552,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 3,757,000.00 5,919,000.00 4,146,000.00
Cash Flows From Used In Investing Activities N/A -9,457,000.00 -21,730,000.00 -17,179,000.00
Proceeds From Issuing Shares N/A 213,000.00 383,000.00 460,000.00
Proceeds From Issuing Other Equity Instruments N/A 0.00 29,424,000.00 0.00
Payments To Acquire Or Redeem Entitys Shares N/A N/A 0.00 12,072,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 4,945,000.00 4,038,000.00 3,363,000.00
Dividends Paid Classified As Financing Activities N/A 0.00 31,188,000.00 31,130,000.00
Interest Paid Classified As Financing Activities N/A 0.00 847,000.00 1,242,000.00
Cash Flows From Used In Financing Activities N/A -4,732,000.00 -6,435,000.00 -49,613,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A 2,536,000.00 -1,796,000.00 -25,818,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A 176,528,000.00 228,093,000.00 -571,335,000.00
Cash and cash equivalents 495,727,000.00 672,255,000.00 900,348,000.00 329,012,000.00

Please note that some sums might not add up.

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Capital markets information

ISIN

FI0009000103

LEI

7437006WYM821IJ3MN73

Sector

Financials

Industry Group

Banks

Industry

Banks

Sub-Industry

Regional Banks

Listed Stock Exchange

Nasdaq Helsinki

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