Bank of Åland Plc to increase prime rate

Bank of Åland Plc
Stock exchange release
May 5, 2023, 4.00 p.m.

Bank of Åland Plc to increase prime rate

The Bank of Åland Plc (Ålandsbanken Abp) has decided to increase its prime rate by 0.40 percentage points, from 2.75 per cent to 3.15 per cent. The basis for this decision is rising market interest rates. The change goes into effect on May 19, 2023.

Bank of Åland Plc

For further information, please contact:
Peter Wiklöf, Managing Director and Chief Executive, Bank of Åland Plc, tel +358 40 512 7505