Bank of Åland Plc: Correction of capital adequacy disclosures published during Updates 2021

Bank of Åland Plc
Inside data
December 19, 2021, 3.15 p.m.

Amendment of capital ampleness divulgences distributed during 2021

Because of a translation mistake with respect to a bank-explicit administrative necessity, the Bank of Åland (Ålandsbanken) has revealed incorrect capital sufficiency revelations during 2021. The remedied revelations are introduced in the table underneath.

This adjustment of translation doesn’t influence the Bank of Åland’s method of doing its business activities or the Bank’s drawn out monetary targets.

Capital adequacy Published Corrected Published Corrected Published Corrected
Mar ’21 Mar ’21 Jun ’21 Jun ’21 Sep ’21 Sep ’21
Common equity Tier 1 capital 239.6 239.6 243.6 243,6 254.5 254.5
Additional Tier 1 capital 29.4 29.4 29.4 29.4 29.4 29.4
Supplementary capital 36.6 36.6 28.2 28.2 21.9 21.9
Total capital base (“own funds”) 305.6 305.6 301.3 301.3 305.9 305.9
Capital requirement for credit risk according to the IRB approach 40.3 40.3 40.4 40.4 39.2 39.2
Additional capital requirement. IRB approach 6.0 10.7 6.1 10.7 5.9 10.4
Capital requirement for credit risk according to the standardised approach schablonmetod 70.9 70.9 80.6 80.6 83.2 83.2
Capital requirement for credit-worthiness adjustment risk 0.0 0.0 0.0 0.0 0.0 0.0
Capital requirement for operational risk 17.8 17.8 17.8 17.8 17.8 17.8
Capital requirement 135.0 139.7 145.0 149.6 146.2 150.7
Risk exposure amount 1,688.0 1,745.9 1,812.2 1,870.3 1,827.3 1,883.7
Capital ratios
Common equity Tier 1 capital ratio, % 14.2 13.7 13.4 13.0 13.9 13.5
Tier 1 capital ratio, % 15.9 15.4 15.1 14.6 15.5 15.1
Total capital ratio, % 18.1 17.5 16.6 16.1 16.7 16.2
Capital ratios higher than minimum requirements (% points)
Common equity Tier 1 capital ratio, % 5.7 5.2 4.9 4.5 6.3 5.9
Tier 1 capital ratio, % 5.9 5.4 5.1 4.6 6.2 5.8
Total capital ratio, % 6.1 5.5 4.6 4.1 5.2 4.7

For further information, please contact

Peter Wiklöf, Managing Director and Chief Executive, Bank of Åland Plc, tel. +358 40 512 7505

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