Brief: Bank Of Åland Updates Long-Term Financial Targets

Alandsbanken Abp

26/10/2021 07:08

Oct 26 (Reuters) - Alandsbanken Abp  ALBAV.HE :
    * REG-BANK OF ÅLAND UPDATES ITS LONG-TERM FINANCIAL TARGETS
    * REG-BANK OF ÅLAND UPDATES ITS LONG-TERM FINANCIAL TARGETS
    * LONG-TERM FINANCIAL TARGETS: RETURN ON EQUITY AFTER TAXES
(ROE)
SHALL EXCEED 15 PER CENT OVER TIME.
    * LONG-TERM FINANCIAL TARGETS:  COMMON EQUITY TIER 1 CAPITAL
RATIO
SHALL EXCEED FIN-FSA'S MINIMUM REQUIREMENT BY 1.75-3.0
PERCENTAGE POINTS.
    * LONG-TERM FINANCIAL TARGETS:   PAYOUT RATIO SHALL BE 60
PER CENT
OF SHAREHOLDERS' INTEREST IN PROFIT OR HIGHER, PROVIDED THAT
CAPITAL ADEQUACY DOES NOT FALL BELOW TARGET

Source text for Eikon:  ID:nGNEbVMXQX 
Further company coverage:  ALBAV.HE 

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