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Investor Presentaiton

4 Bank of Åland in Brief Bank of Åland Plc Covered Bond Program • A Finnish bank targeting high net worth and affluent individuals • Top ranked in customer loyalty • Tradition of stability and very low credit losses • • • • • Net operating profit increased by 15 % to EUR 16.7 M in H1 2020 from EUR 14.5 M in H1 2019 BBB rating with a negative outlook from S&P EUR 3 bn combined Medium Term Note, Covered Bond and Tier 2 Note Programme 2020 (Finnish law) Two cover pools: Cover Pool FIN and Cover Pool SWE Legal LTV cap at 70 % and minimum 2 % over-collateralization Published commitment to a strong over-collateralization and six months liquidity • AAA (stable) rating from S&P on both Cover Pool FIN and Cover Pool SWE • The Corona has already had and will continue to have its effects on the global economy Economy and Markets • • • Before Corona the demand-led Finnish economy was growing strongly Finnish house prices have risen moderately compared to the Nordic neighbors. A trend explained by the fast amortizing plans of Finnish mortgages Sound Bank of Åland portfolio as at least half of the lending in every business area has residential mortgages or property as collateral and many small loans are preferred to few large loans ÀLANDSBANKEN

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