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1. Company Snapshot

1.a. Company Description

Ålandsbanken Abp operates as a commercial bank in Finland and Sweden.Its deposit products include savings accounts, time deposits, cash accounts connected to securities accounts, and certificates of deposit.The company provides home mortgage loans, securities account loans, loans for business operations, and loans for other household purposes to private individuals; loans to companies, public sector entities, and household interest organizations; and credit and debit cards, as well as lending and guarantee commissions.


It also offers investment services, such as discretionary and advisory asset management, fund management, and securities brokerage products and services, as well as cashier and payment intermediate services, bank safety deposit boxes, etc.In addition, the company supplies banking computer systems for small and medium-sized banks.It operates through 11 offices.


The company was founded in 1919 and is headquartered in Mariehamn, Finland.

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1.b. Last Insights on ALBBV

Ålandsbanken Abp's recent performance was driven by several positive factors. The company achieved its best earnings year ever with a net operating profit of EUR 65.0 million, exceeding the previous year's result of EUR 61.7 million. Additionally, the launch of a new mutual fund, Ålandsbanken Norden Dividend, was well received, with subscriptions of more than EUR 100 million. Furthermore, the company's strong dividend yield and potential for growth make it an attractive investment opportunity in the current market environment.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Ålandsbanken Abp publishes the prospectus approved by the Finnish Financial Supervisory Authority and submits listing application in respect of its SEK 350,000,000 Additional Tier 1 Notes

Nov -27

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Ålandsbanken Abp issues SEK 350,000,000 Additional Tier 1 Notes

Nov -20

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Ålandsbanken Abp considers issuance of Additional Tier 1 Notes

Nov -18

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European Dividend Stocks Offering Up To 5.5% Yield For Income Growth

Nov -03

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Ålandsbanken (HLSE:ALBAV) Margin Decline Challenges Stability Narrative Despite Premium Valuation

Oct -25

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Bank of Åland Plc: Changes in the Group Executive Team of Bank of Åland Plc

Oct -24

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Bank of Åland Plc: Interim Report for the period January - September 2025

Oct -24

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Moody’s assigns Issuer ratings to Bank of Åland Plc

Oct -07

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (5.15%)

6. Segments

Private Banking

Expected Growth: 5.5%

Growing demand for personalized wealth management services, increasing high net worth individuals, and Ålandsbanken Abp's expertise in tailored investment solutions drive the private banking segment's growth.

Premium Banking

Expected Growth: 5.5%

Growing demand for personalized financial services among high-net-worth individuals and businesses, increasing adoption of digital banking, and Ålandsbanken Abp's strong brand reputation drive growth in the premium banking segment.

Information Technology

Expected Growth: 4.5%

The growth of Ålandsbanken Abp's Information Technology segment is driven by the increasing demand for digital banking services, the need for enhanced cybersecurity measures, and the bank's strategic investments in digital transformation.

Eliminations

Expected Growth: 4.5%

Ålandsbanken Abp's elimination process enhances transparency and accuracy in financial reporting, driving growth. Increasing demand for consolidated financial statements and regulatory compliance fuels growth, with a forecast CAGR of 4.5%.

Corporate and Other

Expected Growth: 3.5%

The Corporate and Other segment of Ålandsbanken Abp is expected to grow steadily, driven by the bank's strategic investments in digitalization, cost optimization, and risk management. The segment's growth is also supported by the bank's strong capital position and liquidity.

7. Detailed Products

Private Banking

Personalized banking services for individuals, including wealth management, investment advice, and tailored financial solutions.

Corporate Banking

Financial solutions for businesses, including cash management, trade finance, and risk management services.

Transaction Services

Efficient and secure payment solutions for individuals and businesses, including card services and account management.

Investment Services

A range of investment products and services, including fund management, brokerage, and asset management.

Card Services

A variety of credit and debit card options, including rewards programs and travel insurance.

Digital Banking

Online and mobile banking services, enabling customers to manage their finances remotely.

Insurance Services

A range of insurance products, including life insurance, home insurance, and travel insurance.

8. Ålandsbanken Abp's Porter Forces

Forces Ranking

Threat Of Substitutes

Ålandsbanken Abp operates in a highly competitive industry, and customers have various alternatives for their banking needs. However, the bank's strong brand recognition and customer loyalty mitigate the threat of substitutes.

Bargaining Power Of Customers

Ålandsbanken Abp's customers have significant bargaining power due to the availability of alternative banking services. The bank must maintain competitive pricing and services to retain customers.

Bargaining Power Of Suppliers

Ålandsbanken Abp has a diversified supplier base, reducing the bargaining power of individual suppliers. The bank's strong financial position also gives it negotiating power in supplier relationships.

Threat Of New Entrants

The banking industry has significant barriers to entry, including regulatory hurdles and capital requirements. New entrants would face significant challenges in competing with established players like Ålandsbanken Abp.

Intensity Of Rivalry

Ålandsbanken Abp operates in a highly competitive industry, with many established players vying for market share. The bank must maintain a strong competitive position to succeed.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 84.73%
Debt Cost 5.02%
Equity Weight 15.27%
Equity Cost 5.02%
WACC 5.02%
Leverage 554.85%

11. Quality Control: Ålandsbanken Abp passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Ålandsbanken

A-Score: 6.4/10

Value: 3.1

Growth: 6.1

Quality: 4.9

Yield: 5.6

Momentum: 9.0

Volatility: 9.7

1-Year Total Return ->

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Stock-Card
BCJ

A-Score: 6.4/10

Value: 5.9

Growth: 6.3

Quality: 5.1

Yield: 5.0

Momentum: 8.5

Volatility: 7.3

1-Year Total Return ->

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Stock-Card
Walliser

A-Score: 6.3/10

Value: 4.1

Growth: 4.9

Quality: 4.9

Yield: 5.6

Momentum: 8.5

Volatility: 10.0

1-Year Total Return ->

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Stock-Card
OmaSp

A-Score: 4.9/10

Value: 7.0

Growth: 6.9

Quality: 4.8

Yield: 4.4

Momentum: 1.5

Volatility: 4.7

1-Year Total Return ->

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Stock-Card
BOS

A-Score: 4.7/10

Value: 9.3

Growth: 4.3

Quality: 6.2

Yield: 0.0

Momentum: 4.0

Volatility: 4.3

1-Year Total Return ->

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Stock-Card
illimity Bank

A-Score: 4.4/10

Value: 9.0

Growth: 2.4

Quality: 3.0

Yield: 1.9

Momentum: 3.0

Volatility: 7.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

44.8$

Current Price

44.8$

Potential

-0.00%

Expected Cash-Flows