Ålandsbanken - Company Announcement

Bank of Åland Plc: Standard & Poor’s confirms Bank of Åland’s credit rating

Mariehamn, 2014-10-23 09:00 CEST (GLOBE NEWSWIRE) -- 

Bank of Åland Plc
Stock exchange release
October 23, 2014, 10.00 am



Standard & Poor's confirms Bank of Åland's credit rating

The Standard & Poor's rating agency has analysed the Finnish banking sector
after having lowered Finland's sovereign credit rating on October 10 from AAA
to AA+ with a stable outlook. 

Although it foresees weak growth and structural challenges in the Finnish
economy − which may lead to more difficult operating conditions for the Finnish
banking sector − on October 22 Standard & Poor's confirmed that its credit
rating of the Bank of Åland (Ålandsbanken) for long-term and short-term
borrowing is not affected by this, but instead remains unchanged at BBB/A-3
with a negative outlook. 

Bank of Åland Plc


For further information, please contact:
Peter Wiklöf, Managing Director and Chief Executive, Bank of Åland Plc, tel
+358 40 512 7505