Transfer of Swedish mortgages from Bank of Åland Plc to Borgo AB completed
September 11 2023 - 6:00AM
Transfer of Swedish mortgages from Bank of Åland Plc to Borgo AB
completed
Bank of Åland PlcInside informationSeptember 11, 2023, 14.00
EET
Transfer of Swedish mortgages from Bank of Åland Plc
to Borgo AB completed
The previously announced second 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 5.8 billion. The portfolio
consists of loans mediated by ICA Banken and Söderberg &
Partners Bolån. The transfer will not have any significant effect
on the Bank of Åland’s earnings, but it frees up liquidity and
capital.
A third transfer to Borgo of a smaller mortgage portfolio is
planned to take place during 2024.
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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