Investor Presentaiton

4 Bank of Åland in brief • A Finnish bank targeting high net worth and affluent individuals . Top ranked in customer loyalty Bank of Åland Plc . Tradition of stability and very low credit losses Covered Bond Program Economy and Markets • . • • • • • • • • Net Operating Profit increased 11 % to EUR 29 M in 2018, from EUR 26 M in 2017 BBB rating with a positive outlook from S&P EUR 2 bn combined Covered Bond/ Senior Medium Term Note Program 2018 (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 demand-led Finnish economy has been growing strongly during the last years Unemployment has dropped from 9.2 % in 2015 to 5.4 % in 2018 Finnish house prices have risen moderately compared to the Nordic neighbors, as the demand has been strong in the low rate environment 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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