Bank of Åland Performance Overview

• Balanced Growth in the Credit Portfolio Total lending was EUR 4,518 M, as of June 30, 2021 • Selective lending to high quality borrowers, high net worth and affluent Private Banking clients • Asset quality prioritised over lending volume growth and higher returns • Lending must always be made in consideration of safeguarding the Bank of Åland's strong brand and market reputation • Corporate lending at Åland Islands, around 7 % of total lending . Loan loss level 0.05% in Q2 2021 and 0.08 % in Q2 2020 • Model-driven impairment losses on financial assets increased because of the expected effects of the Covid-19 pandemic. During the first quarter of 2020, the Bank made a group provision of EUR 2.0 M related to heightened risk of losses in the corporate loan portfolio. So far it has not been necessary to utilize these provisions Total Lending 5000 4500 4000 3500 3000 티 2500 Σ 2000 1500 1000 500 34 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q2 2021 Other industry and crafts Construction Agriculture, forestry and fishing Other service operations ■Hotel and restaurant operations ■Financial and insurance operations ■Other real estate operations ■Housing operations ■Wholesale and retail trade ■Shipping Lending to the Companies 1400 1200 1000 M EUR 800 600 400 ■Public and non-profit sector ■Companies 200 0 ■Private individuals 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q2 2021 ÀLANDSBANKEN

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