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Last €14.88 EUR
Change Today 0.00 / 0.00%
Volume 0.0
As of 11:30 AM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

alandsbanken-a (ALBAV) Snapshot

Open
€14.88
Previous Close
€14.88
Day High
€14.88
Day Low
€14.88
52 Week High
02/19/15 - €14.97
52 Week Low
04/11/14 - €10.00
Market Cap
207.2M
Average Volume 10 Days
6.3K
EPS TTM
€1.16
Shares Outstanding
6.5M
EX-Date
04/17/15
P/E TM
12.8x
Dividend
€0.40
Dividend Yield
1.02%
Current Stock Chart for ALANDSBANKEN-A (ALBAV)

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alandsbanken-a (ALBAV) Details

Bank of Åland Plc operates as a commercial bank. It provides deposit products, including savings accounts, time deposits, and cash accounts; and various lending products. The company also offers investment services, such as discretionary asset management, advisory asset management, fund management, securities brokerage, and structured products and services, as well as cashier and payment intermediate services, bank safety deposit boxes, etc. In addition, it supplies banking computer systems for small and medium-sized banks. The company operates seven offices in the Åland Islands and five offices in other regions of Finland; and three offices in Sweden. Bank of Åland Plc was founded in 1919 and is headquartered in Mariehamn, Finland.

644 Employees
Last Reported Date: 02/13/15
Founded in 1919

alandsbanken-a (ALBAV) Top Compensated Officers

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Executives, Board Directors

alandsbanken-a (ALBAV) Key Developments

Bank of Åland Plc Declares Dividend for the Year Ended December 31, 2014

The Board of Directors of Bank of Åland Plc declared the payment of a dividend of EUR 0.40 per share for the year ended December 31, 2014, equivalent to a total amount of EUR 5.7 million. The proposed dividend is equivalent to a 36% payout ratio.

Bank of Åland plc Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Impairment Losses on Loans for the Fourth Quarter Ended December 31, 2014

Bank of Åland Plc reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company's net interest income was €12.6 million compared to €11.6 million reported a year ago. Total income was €34 million compared to €29.7 million reported a year ago. Net operating profit was €7.6 million compared to €3.6 million reported a year ago. Profit attributable to shareholders in the company was €5.6 million or €0.39 per share compared to €3.1 million or €0.21 per share reported a year ago. Net income on financial items at fair value rose by €1.2 million to €2.2 million mainly due to realised increases in value in the liquidity portfolio. For the year, net interest income was €49.3 million compared to €42.4 million reported a year ago. Total income was €120.6 million compared to €108.0 million reported a year ago. Net operating profit was €22.4 million compared to €10.4 million reported a year ago. Profit attributable to shareholders in the company was €16.1 million or €1.12 per share compared to €6.7 million or €0.46 per share reported a year ago. Return on equity after taxes was 8.7% compared to 3.8% reported a year ago. Underlying net operating profit excluding nonrecurring items was improved by €15.3 million to €12.4 million. Improved net interest income was due to higher lending volume as well as wider interest margins in the loan portfolio and lower funding costs. Change in cash and cash equivalents was €18.2 million against change in cash and cash equivalents reported negative at €52.0 million a year ago. For the quarter, the company reported net impairment losses on loans (including recoveries) amounted to €0.5 million against €1.5 million a year ago, equivalent to a loan loss level of 0.06% against 0.19% a year ago.

Bank of Åland Plc Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year 2014

Bank of Åland Plc reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total income of EUR 29.1 million against EUR 26.1 million a year ago. Net operating profit was EUR 6.9 million against EUR 1.9 million a year ago. Profit attributable to shareholders in bank of Aland Plc was EUR 5.1 million against EUR 0.5 million a year ago. Return on equity after taxes were 10.9% against 1.2% a year ago. Earnings per share after dilution were EUR 0.35 against earnings per share of EUR 0.28 per share a year ago. For the nine months, the company reported total income of EUR 86.6 million against EUR 78.3 million a year ago. Net operating profit was EUR 14.8 million against EUR 6.8 million a year ago. Profit attributable to shareholders in bank of Aland Plc was EUR 10.5 million against EUR 3.6 million a year ago. Return on equity after taxes were 7.6% against 2.8% a year ago. Earnings per share after dilution were EUR 0.72 against earnings per share of EUR 0.25 per share a year ago. Net interest income was EUR 36.7 million against EUR 30.8 million a year ago. Income is expected to be higher in 2014 than in 2013 as a con-sequence of both increased volume and margins, but income is strongly dependent on how the fixed income and stock markets perform and is thus difficult to forecast. Taken together, the result of these expectations is that in 2014 the Bank of Åland will report a substantially better net operating profit and after-tax profit attributable to the shareholders than in 2013.

 

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Industry Average

Valuation ALBAV Industry Range
Price/Earnings 12.3x
Price/Sales 1.7x
Price/Book 1.0x
Price/Cash Flow 5.5x
TEV/Sales NM Not Meaningful
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