Investor Presentaiton

• Funding Strategy Covered Bond programme was created in early 2012 in order to diversify funding sources and to form a reliable and cost efficient funding channel EUR- and SEK- denominated Covered Bonds total amount outstanding EUR 1 098 M as of December 31, 2020 Bank of Åland issues also preferred senior unsecured bonds to maintain a balanced funding mix • Themes 2021 41 • Centralbanks are offering cheap loans Demand conditions and the market situation favour issuance in Covered Bonds The balanced funding mix is maintained Bank of Åland has not received any MREL requirements. There are no foreseen authority or regulatory requirements which would have effect on the funding of the bank ÀLANDSBANKEN

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