2015-07-10 11:00:00 CEST
2015-07-10 11:00:02 CEST
REGULATED INFORMATION
Ålandsbanken - Company Announcement
The Bank of Åland’s new operating segments in interim reports
Mariehamn, 2015-07-10 11:00 CEST (GLOBE NEWSWIRE) --
Bank of Åland Plc
Stock exchange release
July 10, 2015, 12.00
The Bank of Åland's new operating segments in interim reports
Starting with the January-June 2015 Interim Report, which will be published on
July 24, 2015, the Bank of Åland Plc (Ålandsbanken Abp) is changing its
reporting of operating segments. This change is occurring against the backdrop
of changes in the organisation.
The new segments being reported are:
-- Private Banking, encompassing Private Banking operations in Åland, on the
Finnish mainland and in Sweden.
-- Premium Banking, encompassing operations in all customer segments excluding
Private Banking in Åland, on the Finnish mainland and in Sweden.
-- Asset Management, encompassing the Bank of Åland Group's new asset
management organisation in Finland and Sweden including Ålandsbanken
Fondbolag Ab. Asset Management is responsible for management and sales
support of the Bank of Åland's own mutual funds, discretionary asset
management mandates and advisory asset management mandates. Asset
Management is a support organisation for Private Banking and Premium
Banking, which have direct customer responsibility, but Asset Management
itself has customer responsibility for certain large institutional
customers, mutual fund platforms and insurance agents.
-- IT, encompassing the subsidiary Crosskey Banking Solution Ab Ltd including
S-Crosskey Ab, which develop and offer information technology (IT)
solutions for banking services, card services, securities-related services
and digital customer contacts.
-- Corporate and Other, encompassing all central corporate units in the Group,
including Treasury and the subsidiary Ab Compass Card Oy Ltd, which
develops and offers debit and credit card services.
The table below presents figures related to the full year 2014 for the new
segment allocation. This segment reporting reflects the information that the
Group's Executive Team receives.
Bank of Åland Jan 1-Dec 31, 2014
Group
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-
EUR M Privat Premiu Asset IT Corporate and Elimin Total
e m Management Other ations
Bankin Bankin
g g
--------------------------------------------------------------------------------
Net interest 23.5 23.6 0.1 -0.1 1.9 0.3 49.3
income
--------------------------------------------------------------------------------
Net 23.7 10.2 10.9 -0.1 1.4 0.0 46.2
commission
income
--------------------------------------------------------------------------------
Net income 0.4 0.7 0.1 0.0 5.7 -0.1 6.8
from
financial
items
--------------------------------------------------------------------------------
IT income 0.0 0.0 0.0 30.7 0.0 -13.3 17.3
--------------------------------------------------------------------------------
Other income 0.2 0.1 0.1 0.1 0.5 0.0 1.0
--------------------------------------------------------------------------------
Total income 47.8 34.7 11.2 30.5 9.5 -13.1 120.6
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Staff costs -11.0 -7.2 -4.7 -14.0 -15.6 0.0 -52.5
--------------------------------------------------------------------------------
Other -6.3 -6.4 -2.3 -10.1 -22.4 12.8 -34.7
expenses
--------------------------------------------------------------------------------
Depreciation/ -0.2 -0.8 0.0 -3.8 -5.5 2.1 -8.2
amortisation
--------------------------------------------------------------------------------
Internal -15.9 -18.5 -1.9 0.0 36.3 0.0 0.0
allocation
of expenses
--------------------------------------------------------------------------------
Nonrecurring 0.0 -0.5 -0.2 0.0 -0.2 -0.1 -1.0
items
--------------------------------------------------------------------------------
Total -33.4 -33.5 -9.1 -27.8 -7.5 14.8 -96.4
expenses
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Profit before 14.5 1.2 2.1 2.7 1.9 1.7 24.2
impairment
losses
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Impairment -0.4 -1.2 0.0 0.0 -0.3 0.0 -1.8
losses on
loans and
other
commitments
--------------------------------------------------------------------------------
Net operating 14.1 0.1 2.1 2.7 1.7 1.7 22.4
profit
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Income taxes -2.9 0.0 -0.4 -0.5 -0.9 0.0 -4.8
--------------------------------------------------------------------------------
Non-controlli 0.0 0.0 -1.3 0.0 -0.2 0.0 -1.5
ng interests
--------------------------------------------------------------------------------
Profit for 11.2 0.1 0.4 2.2 0.6 1.7 16.1
the period
attributable
to
shareholders
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Business volume, Dec
31
--------------------------------------------------------------------------------
Lending to 1,475 1,840 0 0 44 -16 3,343
the public
--------------------------------------------------------------------------------
Deposits from 1,220 1,081 7 0 89 -6 2,391
the public
--------------------------------------------------------------------------------
Investment 4,733 738 3,262 0 6 -2,427 6,312
volume1
--------------------------------------------------------------------------------
Risk exposure 661 603 12 36 243 0 1,554
amount
--------------------------------------------------------------------------------
Allocated 82 83 1 9 19 0 194
equity
capital
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Financial
ratios etc.
--------------------------------------------------------------------------------
Return on 15.0 0.1 23.8 15.7 8.7
equity after
taxes, %
(ROE)
--------------------------------------------------------------------------------
Expense/incom 0.70 0.96 0.81 0.91 0.80 0.80
e ratio
--------------------------------------------------------------------------------
Gross 0.12 1.45 2.28 0.88
non-performi
ng loans >
90 days, %
--------------------------------------------------------------------------------
Loan loss 0.03 0.06 0.52 0.06
level, %
--------------------------------------------------------------------------------
Lending/depos 121 170 49 140
its, %
--------------------------------------------------------------------------------
Average 109 118 20 197 195 639
full-time
equivalent
positions2
--------------------------------------------------------------------------------
1 Investment volume encompasses actively managed assets (consisting of the
Group's own mutual funds, discretionary managed assets and advisory managed
assets) plus other securities volume without asset management agreements
including intermediated insurance assets.
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-
2 Number of full-time equivalent positions defined as employment level excluding
employees on parental and long-term sick leave.
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-
For further information:
Peter Wiklöf, Managing Director and Chief Executive, Bank of Åland Plc, tel
+358 40 512 7505
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