Bank of Åland
This article needs additional citations for verification. (February 2024) |
Native name | Ålandsbanken |
---|---|
Company type | Public company |
Industry | Financial services |
Founded | 1919 |
Headquarters | Mariehamn, Åland |
Area served | Åland, Finland and Sweden |
Key people | Peter Wiklöf, President and CEO Nils Lampi, Chairman of the board |
Products | Banking |
Revenue | EUR 74 million (2008) |
EUR 20.0 million (2008) | |
Number of employees | 700+ (2009) |
Website | www |
Bank of Åland Plc (Swedish: Ålandsbanken) is a Finnish commercial bank and banking group with over 700 employees and operations in Åland, Finland and Sweden. The bank was founded in 1919 and was listed on the stock exchange in 1942. Its president and CEO is Peter Wiklöf.
History
Bank of Åland was founded in 1919 and has been listed on the
Bank of Åland has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[1][2]
The acquisition of Kaupthing Bank Sverige AB
In October 2008
Bank of Åland paid SEK 388 million for the companies Kaupthing Bank Sverige AB, Kaupthing Fonder AB and Alpha Management Company S.A, with a total balance sheet of
Activity
Bank of Åland has 30 branch offices across Finland and Sweden and the number of retail and private banking customers is about 90,000. In Finland, Bank of Åland is a full service bank focused on private banking and premium banking. The Swedish branch, Ålandsbanken Sverige, has private banking and asset management as its main business areas. It was converted from a subsidiary into a branch on 1 December 2011.
Bank of Åland has 19 branch offices on the Åland Islands. The branch offices in the Finnish mainland are located in Helsinki, Espoo, Turku, Pargas, Tampere and Vaasa. In Sweden, the branch offices are situated in Stockholm, Gothenburg and Malmö.
The Bank of Åland group includes wholly owned Crosskey Banking Solutions Ab Ltd, which is a Nordic provider of banking solutions[buzzword] with 150 employees and offices in Mariehamn, Stockholm, Helsinki and Turku. Other subsidiaries are Ålandsbanken Fonder AB, Ålandsbanken Fondbolag Ab, Ålandsbanken Asset Management Ab, Ålandsbanken Equities Ab, Alpha Management Company S.A. and Ab Compass Card Ltd Oy.
The group headquarters are located in Mariehamn on the Åland Islands. The Swedish head office occupies six floors of the classic property Stureplan 19, built in 1893–1895, in central Stockholm.
Ratios
- Revenue: EUR 74 million (2008)
- Net operating profit: EUR 20.0 million (2008)
- Total assets: EUR 2,770 million (2008)
- Risk-based capital ratio: 12.8% (2008)
- Return on equity: 10.7% (2008)
- Employees: 700+ (2009)
- Offices: 30[citation needed]
References
- ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
- ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.