Welcome to the Bank of Åland Plc
A few words about the Bank of Åland
A big bank in Åland. A small bank in Finland and Sweden. A secure, stable bank with satisfied customers. Would you like to join them?
Bank of Åland Covered Bonds
Bank of Åland grants long term loans to Finnish households, housing companies and corporates. Loans are used as collateral in the cover pool in Bank of Åland, Cover Pool FIN. All loans in the Bank of Åland cover pools are secured by Finnish mortgages and tenant-owner units. Bank of Åland is licensed by the Finnish Financial Supervisory Authority to issue covered bonds according to the Finnish Covered Bond Act.
The main funding sources for the Bank of Åland are demand deposits and time deposits from core private customers and their companies. Covered bond is the main long-term funding instrument.