Ålandsbanken (ALBAV) investor relations material

Executive summary

• Net operating profit for January–June 2026 decreased by 14% to EUR 29.8M compared to the same period in 2025, with a 22% drop in Q2 year-over-year.

• Core income (net interest, commission, IT) rose 2% to EUR 109.6M for the half-year, despite a 95% decline in other income.

• Return on equity after taxes (ROE) fell to 15.2% for the half-year and 12.8% for Q2, both below the prior year.

• Earnings per share dropped 17% to EUR 1.54 for the half-year and 31% to EUR 0.63 for Q2.

• Actively managed assets reached a record EUR 12.4B, with EUR 141M net inflows in Q2.

Financial highlights

• Net interest income for the half-year was EUR 47.2M (down 1%), net commission income EUR 45.1M (up 6%), and IT income EUR 17.3M (down 1%).

• Total expenses increased by 5% to EUR 80.2M, mainly due to higher staff costs.

• Net impairment losses on financial assets were EUR 0.3M (recovery), with a loan loss level of -0.01%.

• Profit for the period attributable to shareholders was EUR 23.7M, down 17% year-over-year.

• Lending to the public grew 1% to EUR 3,788M, while deposits from the public fell 4% to EUR 3,612M.

Outlook and guidance

• The bank expects ROE after taxes to continue exceeding its long-term target of 15% during 2026.

• Management maintains a positive outlook for the second half of the year despite global uncertainties.