Bank of Åland Plc Releases Comprehensive 2024 Annual Report
Insight into the 2024 Annual Report of Bank of Åland Plc
The Bank of Åland Plc has made headlines with the release of its Annual Report for 2024. This comprehensive documentation includes crucial information regarding the bank's performance, governance, and other significant areas of operations. With the addition of a missing attachment in the Swedish version, the report maintains clarity and full compliance with industry standards.
Highlights from the Annual Report
The Bank of Åland Plc, known as Ålandsbanken Abp, has successfully published its 2024 Annual Report in both Swedish and English, ensuring accessibility for a wider audience. In addition to the Annual Report, two other vital documents have been made available simultaneously: the Compensation Report and the Capital and Risk Management Report. The comprehensive nature of these documents reflects the bank's commitment to transparency and accountability to its stakeholders.
Compliance with Reporting Standards
In alignment with European Single Electronic Format (ESEF) reporting requirements, the financial reports have been structured to meet rigorous industry standards. Enhancements via XBRL tags allow for easier navigation and understanding of the consolidated financial statements, showcasing the bank's commitment to superior reporting practices.
Independent Oversight and Assurance
The independent auditors at KPMG Oy have conducted a thorough review of the financial statements of the Bank of Åland Plc, providing an affidavit of reasonable assurance regarding the compliance and accuracy of the ESEF financial statements. This independent oversight is critical for fostering trust and credibility with the shareholders.
Accessing the Reports
The Annual Report, along with the Compensation Report and Capital and Risk Management Report, is readily available for download through the bank's official website. This open-access approach allows stakeholders to review essential documents at their convenience, promoting transparency and informed decision-making.
Key Documents Available
Key documents such as the Annual Report, Compensation Report, and Capital and Risk Management Report can be accessed using the following links:
Annual Report: Download Annual Report
Compensation Report: Download Compensation Report
Capital and Risk Management Report: Download Capital and Risk Management Report
Contact Information for Inquiries
For those seeking more information or clarity regarding the reports, Peter Wiklöf, the Managing Director and Chief Executive of Bank of Åland, is available for contact at +358 40 512 7505. His leadership ensures that all inquiries are handled with utmost priority, reflecting the bank's customer-oriented approach.
Frequently Asked Questions
What is the primary purpose of the Annual Report?
The Annual Report provides a detailed overview of the bank's performance, governance, and fiscal responsibilities, designed to inform stakeholders of the institution's health and strategies.
How can I access the Annual Report and other documents?
The documents are accessible through the Bank of Åland's official website, allowing interested parties to download them effortlessly.
Who conducted the independent audit for the financial statements?
KPMG Oy was responsible for the independent audit, ensuring the accuracy and compliance of the Bank's financial statements with ESEF standards.
Is the report available in multiple languages?
Yes, the 2024 Annual Report is available in both Swedish and English, making it accessible to a wider audience.
Who should I contact for further information about the report?
You can reach out to Peter Wiklöf, the Managing Director, at +358 40 512 7505 for any questions or clarifications regarding the report.
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