Investor Presentaiton

5 Financial Scorecard March 31, 2023 CET1 Capital Ratio 12.4 % Loan Loss Level • 0.03 % • • • • • • Capital Strong capital position IRB approach used in Finland, standardised approach used in Sweden On March 29, 2023, the Annual General Meeting (AGM) approved the distribution of a dividend of EUR 2.05 per share for the financial year 2022 (a regular dividend of EUR 1.60 plus an extra dividend of EUR 0.45) Capital requirements applicable are CET1 capital ratio 8.1%, Tier 1 capital ratio 9.8 % and Total capital ratio 12.0 % Bank of Åland has an ample capital surplus: CET1 capital ratio +4.3 pp, Tier 1 capital ratio +4.2 pp and Total capital ratio +4.5 pp Risk Management Long history of low loan loss levels. Loan loss level of 0.03 % in Q1 2023 (0.16 % in Q1 2022) No trading positions or complex financial instruments Strict limits on exposures to financial institutions. Bulk of the exposure is to highly rated Nordic entities Liquidity and Funding Loan/deposit ratio of 114 % Liquidity reserve at 19 % of total assets LCR at 156 % NSFR at 109 % BBB+ bank rating with stable outlook from S&P AAA rating with stable outlook on MCBA Covered Bonds from S&P AAA rating with stable outlook on CBA Covered Bonds from S&P Profitability Year started with strong earnings, and doubled net operating profit compared to first quarter of last year (if proceeds from divestment of mortgage loan portfolio is excluded) Net operating profit of EUR 8.2 M in Q1 2023 (EUR 13.9 M in Q1 2022) ROE 8.9 % in Q1 2023 (15.0 % in Q1 2022) Future Outlook: The Bank of Åland expects its net operating profit in 2023 to be significantly better than in 2022 AAA Rating with Stable Outlook on Covered Bonds from S&P Return on Equity 8.9% ÀLANDSBANKEN Going our own way

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