Ålandsbanken Abp Stock

Ålandsbanken Abp offers a range of banking and asset management ser vices.

The company offers Banking as a Service (BaaS). The company's target group is companies that want to offer their customers banking services under their own brand. Under its own brand, the company focuses on private individuals and companies in selected geographical areas in Finland and Sweden.

The company offers IT as a Service (ITaaS). Its target group is financial service companies that need IT services to enable them to deal with their own customers.

The head office is located in Mariehamn, Åland. The bank has offices in Åland and on the Finnish mainland: Helsinki, Tampere, Vaasa, Oulu, Turku and Parainen. In Sweden, the bank has offices in Stockholm, Gothenburg and Malmö.

The company has two subsidiaries: the fund management company Ålandsbanken Fondbolag Ab and the information technology (IT) company Crosskey Banking Solutions Ab Ltd.

In Åland, the company is a bank for all residents: both in a position and with a desire to help develop the Åland of the future. On the Finnish mainland and in Sweden, the company has a niche strategy targeted to entrepreneurs, wealthy families and individual customers with sound finances. The company offers two concepts: Private Banking and Premium Banking.

The company has business partnerships with various financial technology (fintech) companies. It also supplies services to companies in the financial services sector.

The company's Private Banking includes Private Banking operations in Åland, on the Finnish mainland and in Sweden, as well as asset management (Ålandsbanken Fondbolag Ab and its subsidiaries).

The company's Private Banking offering is one of the cornerstones of its business operations. Private Banking is where the bank has its largest market share on the Finnish mainland and in Sweden.

Daily banking services include income from deposit accounts s, i.e. also savings accounts, time deposits and cash accounts connected to securities accounts, income from deposits, cashier and payment intermediate services, cards, the Premium concept, bank safety deposit boxes etc. plus income from exchanging currencies.

Financing services include income from all lending products, i.e. also securities account loans, as well as lending commissions and guarantee commissions.

Investment services include income from discretionary asset management, advisory asset management, mutual fund management and securities brokerage. Income from deposit accounts and loans that may be part of a customer's asset management were reported under daily banking services and financing services, respectively.

IT services included the operations of Crosskey Banking Solutions Ab Ltd.

Asset Management

Ålandsbanken Fondbolag Ab is responsible for the financial management business of the company. This includes strategic and tactical investment decisions in both mutual funds and discretionary portfolios. To support the bank's asset management services, Ålandsbanken Fondbolag delivers material, including overall market outlooks reports, recommendations for individual securities and asset allocation in the form of model portfolios.

Corporate Services and Corporate Banking

The company's Corporate Services unit is the market leader in Åland and offers a range of services and products adapted for Åland-based companies.

The Corporate Banking unit handles large corporate groups with an international focus domiciled in Åland. In addition, it offers advanced financing services to existing and potential customers through Private Banking on the Finnish mainland and in Sweden.

History

Ålandsbanken Abp was founded in 1919.