Insights into Bank of Åland Plc's 2024 Financial Performance
Insights into Bank of Åland Plc's 2024 Financial Performance
The Bank of Åland Plc has recently unveiled its Annual Financial Report, painting a comprehensive picture of its financial health and governance practices. This report is pivotal for shareholders and stakeholders alike, as it outlines the bank's strategic direction and fiscal results for the year 2024.
Key Highlights from the Annual Report
The 2024 Annual Report, encompassing the corporate governance report, offers an in-depth analysis of the bank's performance. By making this document available in both Swedish and English, the Bank of Åland Plc ensures accessibility for a wider audience, including investors and partners. The report is not only a reflection of previous achievements but also serves as a roadmap for future endeavors.
Governance and Transparency
Alongside the Annual Report, the bank has also issued its Compensation Report and the Capital and Risk Management Report. These documents provide insight into the bank's corporate governance framework, detailing compensation practices and risk management strategies, essential elements for building trust with stakeholders. The focus on transparency aligns with current trends in corporate governance, emphasizing the importance of ethical practices in banking.
Compliance with Financial Reporting Standards
In adherence to the European Single Electronic Format (ESEF) reporting requirements, the financial statements have been meticulously marked up with XBRL tags. This innovative approach fulfills compliance obligations while enhancing the usability of the reports. Stakeholders can expect a clear and structured presentation of financial data, which facilitates better decision-making.
Independent Assessment of Financial Statements
The integrity of the financial statements is further reinforced by the independent auditors’ report from KPMG Oy. Their affidavit of reasonable assurance ensures that the Bank of Åland Plc’s ESEF financial statements meet required standards, offering additional confidence to investors about the accuracy and reliability of the reported data.
Accessing the Reports
For those interested in exploring the reports, they are readily available for download on the bank's official website. This access showcases the bank's commitment to maintaining open channels of communication with its stakeholders.
Contact Information for Queries
Should you have any questions or require further information regarding the Annual Report or other documents, Peter Wiklöf, the Managing Director and Chief Executive of Bank of Åland, is available for contact. You can reach him directly at +358 40 512 7505 for any inquiries you may have.
Frequently Asked Questions
What is the purpose of the Annual Report 2024?
The Annual Report 2024 provides a comprehensive overview of Bank of Åland Plc's financial performance, governance practices, and strategic direction.
How can I access the reports?
The reports are available for download directly from the Bank of Åland's official website, ensuring easy access for all stakeholders.
Who audited the Bank of Åland's financial statements?
KPMG Oy served as the independent auditors for the Bank of Åland Plc, providing assurance on the integrity of the financial statements.
Why are XBRL tags important in statements?
XBRL tags enhance the clarity and usability of financial data, making it easier for stakeholders to analyze and interpret financial reports.
Whom should I contact for more information?
For further inquiries, please contact Peter Wiklöf at +358 40 512 7505 for more detailed information regarding the reports.
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