Bank of Åland Plc: Transfer of Swedish mortgages from Bank of Åland Plc to Borgo AB completed
10 June 2024 - 10:15PM
UK Regulatory
Bank of Åland Plc: Transfer of Swedish mortgages from Bank of Åland
Plc to Borgo AB completed
Bank of Åland Plc
Inside information
June 10, 2024, 15.15 EET
Transfer of Swedish mortgages from Bank of Åland Plc to
Borgo AB completed
The previously announced third transfer of Swedish home mortgage
loans from the Bank of Åland Plc (Ålandsbanken Abp) to Borgo AB was
completed today. The nominal amount of the mortgage portfolio that
was transferred is SEK 3.0 billion. The portfolio consists of loans
mediated by Ålandsbanken and ICA Banken. The transfer will not have
any significant effect on the Bank of Åland’s earnings, but it
frees up liquidity and capital.
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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