Ålandsbanken

In 1919, the Swedish bank was established in the Land Islands. The bank has offices in Finland and Sweden and its headquarters in Mariehamn, the Land Islands.

In Sweden, Ålandsbanken launched its activities in 2007 after acquiring the Swedish branch of the Finnish bank S-pankki. Stockholm serves as the headquarters for the bank's Swedish operations, which provide financial services like savings accounts, loans, money, and insurance.

Ålandsbanken has focused on sustainable banking since entering the Swedish market. It has launched several measures to lessen its environmental effect. The Swedish financial publication Privata Affärer named the bank "Sweden's most sustainable bank" in 2018. With a market share of almost 40% today, Ålandsbanken is one of the top banks in the Land Islands. Although the bank is less widespread in Sweden, it is regarded as a reliable and trustworthy financial organization.

Ålandsbanken market capitalization was $527.084 million as of 2023. Ålandsbanken Abp reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported net interest income was $23.352 million compared to $16.878 million a year ago. Net income was $7.266 million compared to $12.8997 million a year ago.

Founded: 1919

Headquarters: Åland, Sweden

Website: https://www.alandsbanken.ax/