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Alisa Bank issued a profit warning, with continued weaker demand driving lower volumes. 2025 PTP excl. NRI’s is expected to be negative, a notable decrease from the bank’s previous expectations.
Alisa Bank’s H2 was in line with our expectations on profitability while growth was more constrained than anticipated by loan volume declines in H2. Earnings are seen to increase notably in 2025, but the volume outlook remains on the cautionary side.
Alisa Bank’s H2 financials corresponded to our expectations, although NII and subsequently total income fell slightly short. H2 saw the loan portfolio decline notably from H1. The adj. PTP as expected turned positive. Alisa Bank estimates that the bank’s operating result will continue to develop positively during 2025.
Alisa Bank reports its H2 results on February 14th. With the profit warning issued in December we keep our estimates intact. While heading into 2025 with somewhat cautious expectations, we still expect improvements in total income and profitability, with further upside from potential improvements in market conditions.
Alisa Bank issued a profit warning for 2024, lowering expectations for total income and profitability due to the prolonged market uncertainty.
Alisa Bank’s H1 results were weak, as expected, but gave further confirmation of the profit levels to be expected going forward after the combination with PURO Finance.
Alisa Bank’s H1 profitability was in line with our expectations, with PTP at EUR -2.0m (Evli EUR -2.1m), and the report brought with it no notable surprises.
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ALISA BANK PLC STOCK EXCHANGE RELEASE, INSIDER INFORMATION 18.6.2025 KLO 15.45 EEST
Alisa Bank brings down the outlook for 2025. The prolonged uncertainty in the operating environment has been reflected in weaker-than-expected demand for all of the bank’s main products, as well as a high level of credit loss provisions.
Invoice financing volumes and demand are typically low in the first quarter of the year, but during this spring, the utilization rates of invoice financing limits have remained exceptionally low, and the recovery has been slower than usual. In addition, the growth pursued through Banking-as-a-Service partnerships has not developed as targeted.
While there have been signs of recovery in the demand for business financing during the second quarter of the year, the challenging start to the year is difficult to offset.
Operating expenses have developed as expected during the early part of the year. Due to weaker income performance, the company launches a cost-saving program, the results of which will be mostly visible in 2026.
New outlook for 2025
The prolonged uncertainty of the operating environment is weakening the company's profit performance for 2025. Alisa Bank continues to implement the renewed strategy and develop BaaS partnerships. The bank’s target is profitable growth in business financing, taking into account the economic uncertainty affecting lending. The profit before non-recurring items and taxes for year 2025 is expected to decline from 2024 level.
Previous outlook for 2025, that was published in connection with the Financial Statements Bulletin 2024
After a year of changes, Alisa Bank will implement the renewed strategy in the 2025 fiscal year and continue to develop BaaS partnerships. There are early positive signs in the general economic situation, although there is still uncertainty regarding the development of the operating environment. If the economic recovery continues, combined with the implementation of the bank’s renewed strategy, it will support the bank’s income growth during the current financial year. For the reasons mentioned above, and due to the impact of the annual cycle of invoice financing business, favorable development is expected to be emphasized in the second half of the year.
The profit for the second half of 2024 reflects the current financial state of the renewed Alisa. The profit before non-recurring items for 2025, is estimated to develop favorably compared with the current financial state.
Further information
Sampsa Laine, CEO, Alisa Bank Plc, sampsa.laine@alisapankki.fi, tel. +358 40 555 9035
Alisa Bank
Alisa Bank Plc is a financial technology company that provides seamless banking services through digital channels. We serve SME customers, deposit customers seeking competitive interest returns on their deposits and partners. Together with our partners, we offer integrated banking services in the channels where customers carry out their daily business. Alisa Bank Plc’s shares are listed on the main list of Nasdaq Helsinki (ALISA), and it holds a license granted by the Financial Supervisory Authority. www.alisabank.com
ALISA BANK PLC STOCK EXCHANGE RELEASE 27.5.2025 AT 13.50 EEST
On 27 May 2025, the Extraordinary General Meeting elected Olli-Petteri Lehtinen as Chair and Johanna Lamminen as Deputy Chair of the Board of Directors.
At the organisational meeting of the Board of Directors on 27 May 2025 held after the Extraordinary General Meeting, Johanna Lamminen was elected as Chair and Sami Honkonen and Marjo Tomminen as members of the audit committee.
Karri Haaparinne was elected as Chair and Peter Ramsay and Tero Weckroth as members of the personnel committee.
At its organisational meeting, the Board assesses the members' independence from the company and its significant shareholders. All members are independent of the company and the company's significant shareholders except for Peter Ramsay who is assessed as not independent of the significant shareholders.
Further information
Sampsa Laine, CEO, Alisa Bank Plc, sampsa.laine@alisapankki.fi, tel. +358 40 555 9035
Alisa Bank in brief
Alisa Bank Plc is a financial technology company that provides seamless banking services through digital channels. We serve SME customers, deposit customers seeking competitive interest returns on their deposits and partners. Together with our partners, we offer integrated banking services in the channels where customers carry out their daily business. Alisa Bank Plc’s shares are listed on the main list of Nasdaq Helsinki (ALISA), and it holds a license granted by the Financial Supervisory Authority. www.alisabank.com
ALISA BANK PLC STOCK EXCHANGE RELEASE 27.5.2025 AT 13.40 EEST
Alisa Bank Plc’s Extraordinary General Meeting held on 27 May 2025 resolved on the number of Board Members, election of two new Board Members and the election of the chair and vice chair of the Board.
Members of the Board of Directors
A total of seven (7) members were confirmed as the number of members of the Board of Directors.
In addition to the current members Karri Haaparinne, Sami Honkonen, Johanna Lamminen, Marjo Tomminen and Tero Weckroth, Olli-Petteri Lehtinen and Peter Ramsay were elected as new members of the Board. The term of office of the Board Members shall expire at the close of the Annual General Meeting that follows their election.
Olli-Petteri Lehtinen was elected Chairman of the Board and Johanna Lamminen was elected Deputy Chairman.
More information
Sampsa Laine, CEO, Alisa Bank Plc, sampsa.laine@alisapankki.fi, tel. +358 40 555 9035
Alisa Bank in brief
Alisa Bank Plc is a financial technology company that provides seamless banking services through digital channels. We serve SME customers, deposit customers seeking competitive interest returns on their deposits and partners. Together with our partners, we offer integrated banking services in the channels where customers carry out their daily business. Alisa Bank Plc’s shares are listed on the main list of Nasdaq Helsinki (ALISA), and it holds a license granted by the Financial Supervisory Authority. www.alisabank.com
ALISA BANK PLC STOCK EXCHANGE RELEASE 5.5.2025 AT 11.35 EEST
Alisa Bank Plc's shareholders are invited to the Company's Extraordinary General Meeting, which will be held on 27 May 2025 at 10:00 a.m. EEST at the address Jura-Sali, Kasarmikatu 21 B, Helsinki.
Instructions for participating in the Extraordinary General Meeting can be found in part C. of this invitation and on the company’s website at www.alisabank.com/extraordinary-general-meeting-2025
A. Items on the agenda of the General Meeting
1. Opening of the meeting
2. Calling the meeting to order
3. Election of persons to scrutinise the minutes and to supervise the counting of votes
4. Recording the legality of the meeting
5. Recording attendance at the meeting and adoption of the list of votes
6. Resolution on the number of Members of the Board of Directors
Alisa Bank Plc Board of Directors currently consists of five members: Johanna Lamminen, Sami Honkonen, Tero Weckroth, Marjo Tomminen and Karri Haaparinne.
The Shareholders’ Nomination Board proposes to the 2025 Extraordinary General Meeting that the number of the Members of the Board of Directors is seven (7).
7. Election of Members of the Board of Directors
The Shareholders' Nomination Board proposes for a period until the end of the next Annual General Meeting that, in addition to the current members, Olli-Petteri Lehtinen and Peter Ramsay be elected as new members of the Board.
The candidates have given their consent to the position.
The Shareholders' Nomination Board proposes to the General Meeting that Olli-Petteri Lehtinen be elected as Chair of the Board and Johanna Lamminen as Vice Chair.
All proposed Board Members are estimated to be independent of the company. In addition, all proposed Board Members are estimated to be independent of the company's significant shareholders except for Peter Ramsay, who is not estimated to be independent of the company´s significant shareholders.
More information of the proposed new Board Members can be seen on the company's website at www.alisabank.com/extraordinary-general-meeting-2025.
8. Closing of the meeting
B. General Meeting documents
The above-mentioned proposed resolutions on the agenda of the General Meeting and this meeting notice are available on the company's website at www.alisabank.com/extraordinary-general-meeting-2025 no later than 5 May 2025.
Resolution proposals and other documents mentioned above are also available for viewing at the General Meeting. The minutes of the General Meeting can be viewed by shareholders on the above-mentioned website no later than 5 June 2025.
C. Instructions for meeting participants
1. A shareholder entered in the shareholder register
The right to participate in the General Meeting belongs to the shareholder who is registered as a shareholder in the company's shareholder register kept by Euroclear Finland Oy on the record date of the General Meeting on 15 May 2025. A shareholder whose shares are registered in his/her personal Finnish book-entry account is registered in the company's shareholder register.
Registration for the General Meeting begins on 5 May 2025. A shareholder entered in the company's shareholder register who wishes to participate in the General Meeting must register no later than 22 May 2025 at 4:00 p.m., by which time the registration must be received.
You can register for the General Meeting via e-mail to the address yhtiokokous@alisapankki.fi.
When registering, you must provide the requested information, such as the shareholder's name, address, telephone number and e-mail address, as well as the name of any assistant or agent. The personal data provided by the shareholders will only be used for the processing of the General Meeting and related necessary registrations.
The shareholder, his/her representative and proxy must be able to prove their identity and/or right of representation at the meeting place, if necessary.
2. Owners of nominee registered shares
The owner of nominee registered shares has the right to participate in the General Meeting on the basis of those shares, on the basis of which he would have the right to be entered in the shareholder list kept by Euroclear Finland Oy on the record date of the General Meeting on 15 May 2025. Participation also requires that the shareholder has been temporarily entered in the shareholder list kept by Euroclear Finland Oy on the basis of these shares by 22 May 2025 at 10:00 a.m. at the latest. For holders of nominee-registered shares, this is considered registration for the General Meeting. Changes in share ownership after the record date of the General Meeting do not affect the right to participate in the General Meeting or the shareholder's number of votes.
The owner of a nominee registered share is advised to request the necessary instructions from the asset manager in good time regarding temporary registration in the shareholders' register, issuing proxies and voting instructions and registering for the General Meeting. The account manager of the asset manager must notify the owner of the nominee-registered share, who wants to participate in the General Meeting by voting in advance, to be temporarily entered in the company's shareholder list by the above-mentioned date at the latest.
3. Using an agent and powers of attorney
The shareholder may participate in the General Meeting and exercise his/her rights there through a proxy. The agent must present a dated power of attorney, or he must otherwise prove in a reliable way that he/she is entitled to represent the shareholder. If the shareholder participates in the General Meeting through several proxies, who represent the shareholder with shares in different securities accounts, the shares on the basis of which each proxy represents the shareholder must be indicated when registering.
Potential proxies are requested to be saved as attachments delivered by e-mail to yhtiokokous@alisapankki.fi or by post to” Yhtiökokous”, Alisa Bank Plc, Bulevardi 21 A, 00180 Helsinki before the end of the registration period on 22 May 2025 at 16:00, by which time the proxies must be in. Submitting the power of attorney to the company before the end of the registration period is considered registration for the General Meeting, as long as it contains the aforementioned information required for registration.
4. Other instructions/information
The meeting language is Finnish.
The shareholder present at the General Meeting has the right to ask questions about the matters discussed at the meeting in accordance with Chapter 5, Section 25 of the Limited Liability Companies Act.
Changes in share ownership after the record date of the General Meeting do not affect the right to participate in the General Meeting or the shareholder's number of votes.
On the date of the meeting notice, 5 May 2025, Alisa Bank Plc has a total of 150 031 563 number of shares. The company holds on 5 May 2025 directly and through subsidiaries a total of 14 081 shares which cannot be used to vote at the General Meeting.
Helsinki, 5 May 2025
ALISA BANK PLC
The Board of Directors
Further information
Sampsa Laine, CEO, Alisa Bank Plc, sampsa.laine@alisapankki.fi, tel. +358 40 555 9035
Alisa Bank in brief
Alisa Bank Plc is a financial technology company that provides seamless banking services through digital channels. We serve SME customers, deposit customers seeking competitive interest returns on their deposits and partners. Together with our partners, we offer integrated banking services in the channels where customers carry out their daily business. Alisa Bank Plc’s shares are listed on the main list of Nasdaq Helsinki (ALISA), and it holds a license granted by the Financial Supervisory Authority. www.alisabank
ALISA BANK PLC STOCK EXCHANGE RELEASE 5.5.2025 AT 11.25 EEST
Proposal of the Shareholders’ Nomination Board for the composition of the Board of Directors
Proposal for the composition of the Board of Directors
The Shareholders’ Nomination Board proposes to the Extraordinary General Meeting 2025 that the Board of Directors consists of seven (7) members.
The Board of Directors currently consists of five members i.e Karri Haaparinne, Sami Honkonen, Johanna Lamminen, Marjo Tomminen and Tero Weckroth. The Nomination Board proposes that Olli-Petteri Lehtinen and Peter Ramsay be elected as new members of the Board of Directors for a term of office ending at the end of the next Annual General Meeting.
The Shareholders' Nomination Board proposes to the Extraordinary General Meeting that Olli-Petteri Lehtinen be elected as Chair of the Board and Johanna Lamminen as Vice Chair.
All proposed Board Members are assessed to be independent of the company. In addition, all proposed Board Members are assessed to be independent of the company's significant shareholders except for Peter Ramsay who is assessed as not being independent of the company´s significant shareholders. All candidates have given their consent to the position.
The CV’s of proposed new members are attached to this stock exchange release.
Alisa Bank Plc
Shareholders' Nomination Board
Further information
Maunu Lehtimäki, Chairman of the Nomination Board, maunu.lehtimaki@evli.com, tel. +358 505 533 000
Alisa Bank in brief
Alisa Bank Plc is a financial technology company that provides seamless banking services through digital channels. We serve SME customers, deposit customers seeking competitive interest returns on their deposits and partners. Together with our partners, we offer integrated banking services in the channels where customers carry out their daily business. Alisa Bank Plc’s shares are listed on the main list of Nasdaq Helsinki (ALISA), and it holds a license granted by the Financial Supervisory Authority. www.alisabank.com
ALISA BANK PLC PRESS RELEASE 10.4.2025 AT 08:00 EEST
Alisa Bank Plc and Fennoa Oy have entered into a partnership to provide Fennoa’s more than 42,000 accounting company customers with comprehensive and cost-effective banking services. At the core of this collaboration is the Fennoa Payment Package, which offers businesses a seamless and affordable solution for daily financial management.
The Fennoa Payment Package is an add-on service provided by Alisa Bank that can be linked to a company’s current account. It enables a fixed-price banking connection between Alisa Bank and Fennoa’s financial management software. With this service, business customers can authorize Fennoa to deliver payment materials, receive payment feedback, and retrieve account statements and real-time balances—without additional transaction-based fees. The service will be available at a fixed monthly price of €19.90 and is designed for companies that value efficient data transfers and up-to-date financial information at a cost-effective price. The service is expected to launch by the end of 2025.
Lasse Elfving, CPO, Fennoa: "We are pleased to offer our customers cost-effective and reliable banking services as part of a comprehensive financial management solution. This partnership supports our mission to simplify business operations by providing easy-to-use and automated services."
Sampsa Laine, CEO, Alisa Bank: "We are excited about our collaboration with Fennoa, as it allows us to reach new customers and offer them modern and cost-effective banking services. This partnership is a great example of our strategy to develop services together with industry leaders."
This collaboration is part of Alisa Bank’s partnership strategy, which aims to integrate its banking services into the everyday service channels used by customers. The partnership strengthens Alisa Bank’s position as a trusted banking partner for financial management service providers.
More information
Sampsa Laine, CEO, Alisa Bank Plc, sampsa.laine@alisapankki.fi, Tel. +358 40 555 9035
Lasse Elfving, CPO, Fennoa Oy, lelfving@fennoa.com, Tel. +358 50 347 2743
Alisa Bank
Alisa Bank Plc is a technology-driven financial services company offering seamless banking services through digital channels. We serve business clients, savers seeking competitive interest rates for their deposits, and partners. Together with our partners, we integrate banking services into the channels customers use daily. Alisa Bank Plc shares are listed on the Nasdaq Helsinki main market (ALISA) and the bank operates under a license granted by the Finnish Financial Supervisory Authority. www.alisapankki.fi
Fennoa
Fennoa Oy is a Finnish financial management software company that provides easy-to-use and automated Fennoa cloud service for accounting firms and their customers. Founded in 2014, Fennoa aims to simplify financial management for its customers. The company’s services are used by more than 800 accounting firms and over 42,000 businesses and associations. Fennoa processes over one million invoices and calculates more than 60,000 salaries per month. www.fennoa.com
ALISA BANK PLC STOCK EXCHANGE RELEASE 9.4.2025 AT 10.00 EEST
Alisa Bank Plc's Nomination Board prepares proposals for the members of the Board of Directors as well as their remuneration for the Annual General Meeting. The Nomination Board has four members. The members of the Nomination Board are appointed by the four largest shareholders, each of whom has the right to appoint one member.
The composition of the Nomination Board has changed as follows compared to the September 16, 2024, release.
The composition from 9.4.2025 is:
- Maunu Lehtimäki, Evli Plc
- Juhani Elomaa, Taaleri Plc
- Antti Kemppi, Kempinvest Oy
- Mika Laine, Mika Laine/Veikko Laine Oy/JOG Oü
Maunu Lehtimäki is the Chairman of the Nomination Board. The Chairman of the Board of Alisa Bank Plc participates in the work of the Nomination Board as an expert.
Further information
Maunu Lehtimäki, chair of the Nomination Baord, tel. + 358 50 553 3000
Alisa Bank in brief
Alisa Bank Plc is a financial technology company that provides seamless banking services through digital channels. We serve SME customers, deposit customers seeking competitive interest returns on their deposits and partners. Together with our partners, we offer integrated banking services in the channels where customers carry out their daily business. Alisa Bank Plc’s shares are listed on the main list of Nasdaq Helsinki (ALISA), and it holds a license granted by the Financial Supervisory Authority. www.alisabank.com
ALISA BANK PLC STOCK EXCHANGE RELEASE 4.4.2025 AT 12.20 EEST
Jukka Salonen, Chair of the Board of Directors of Alisa Bank Plc, has informed the company that he resigns from the Board of Directors with immediate effect due to personal reasons that are not related to Alisa Bank Plc or its business activities.
More information
Johanna Lamminen, Vice Chair of the Board, Alisa Bank Plc
johanna.lamminen@elisanet.fi, tel. +358 40 848 4448
Alisa Bank in brief
Alisa Bank Plc is a financial technology company that provides seamless banking services through digital channels. We serve SME customers, deposit customers seeking competitive interest returns on their deposits and partners. Together with our partners, we offer integrated banking services in the channels where customers carry out their daily business. Alisa Bank Plc’s shares are listed on the main list of Nasdaq Helsinki (ALISA), and it holds a license granted by the Financial Supervisory Authority. www.alisabank.com
ALISA BANK PLC STOCK EXCHANGE RELEASE 21.3.2025 AT 15.30 EET
On 20 March 2025, the Annual General Meeting elected Jukka Salonen as Chair and Johanna Lamminen as Deputy Chair of the Board of Directors.
At the organisational meeting of the Board of Directors on 20 March 2025 held after the Annual General Meeting, Johanna Lamminen was elected as Chair and Sami Honkonen and Marjo Tomminen as members of the audit committee.
Jukka Salonen was elected as Chair and Karri Haaparinne and Tero Weckroth as members of the personnel committee.
At its organisational meeting, the Board assesses the members' independence from the company and its significant shareholders. All members are independent of the company and the company's significant shareholders.
More information
Sampsa Laine, CEO, Alisa Bank Plc, sampsa.laine@alisapankki.fi, tel. +358 40 555 9035
Alisa Bank in brief
Alisa Bank Plc is a financial technology company that provides seamless banking services through digital channels. We serve SME customers, deposit customers seeking competitive interest returns on their deposits and partners. Together with our partners, we offer integrated banking services in the channels where customers carry out their daily business. Alisa Bank Plc’s shares are listed on the main list of Nasdaq Helsinki (ALISA), and it holds a license granted by the Financial Supervisory Authority. www.alisabank.com
ALISA BANK PLC STOCK EXCHANGE RELEASE 20.3.2025 AT 16.10 EET
Alisa Bank Plc’s Annual General Meeting held on 20 March 2025 confirmed the financial statements and granted the members of the Board of Directors, the CEO and the Deputy CEO a discharge from liability for the financial year 2024.
The Annual General Meeting decided, in accordance with the Board's proposal, that no dividend will be paid for the financial year 2024.
The Annual General Meeting approved the remuneration report of the company's bodies for 2024.
The Board of Directors and the Auditor
A total of six (6) members were confirmed as the number of members of the Board of Directors. Sami Honkonen, Johanna Lamminen, Jukka Salonen and Tero Weckroth were re-elected as members of the Board. Karri Haaparinne and Marjo Tomminen was elected as new members of the Board. The term of office of the Board Members shall expire at the close of the Annual General Meeting that follows their election.
Jukka Salonen was elected Chairman of the Board and Johanna Lamminen was elected Deputy Chairman.
The auditing firm KPMG Oy Ab was chosen as the Auditor, with APA Tiia Kataja as the principal auditor. The auditor is paid according to a reasonable invoice approved by the company.
Remuneration for the Members of the Board
Regarding the remuneration of the Board, the General Meeting decided that the fixed monthly fee of the Board Members is determined as an annual remuneration and paid once a year. The annual remuneration for the board members for the term ending at the conclusion of the 2026 Annual General Meeting is as follows: EUR 60,000 for the Chairman of the Board, EUR 48,000 for the Committee Chairs and EUR 38,400 for each other Board Member.
Approximately 40 percent of the annual fees will be paid in Alisa Bank Plc shares purchased from the market on behalf of the Board Members, or alternatively by handing over the company's own shares or issuing new shares. When transferring the company's own shares or issuing new shares, the share conversion rate is the weighted average price of the company's share exchange in Nasdaq Helsinki Oy for the period of five trading days after the publication of the company's half-year report 2025. The company is responsible for the costs and possible transfer tax arising from the acquisition, transfer or giving of the shares. The rest of the annual fee is paid in cash, which covers the taxes arising from the fee.
The shares will be acquired directly on behalf of the Board Members within two weeks after the company's 2025 half-year report is announced. The transfer of the company's own shares or the issuance of new shares takes place as soon as possible after the reward has been converted into shares. If the acquisition, transfer or giving of the shares cannot be carried out at the aforementioned time due to legal or other regulatory restrictions or for another reason related to the company or the Board Member, the shares will be acquired, transferred or given later or the annual remuneration will be paid in full in cash.
Authorisation of the Board of Directors to decide on acquisition of own shares
It was resolved, in accordance with the proposal of the Board of Directors, that the Board of Directors is authorised to decide on the acquisition of a maximum of 7 501 578 own shares in one or more installments with the company's free equity capital. The number of shares corresponds to approximately 5 percent of the Company's shares. The shares are acquired in a public trading organized by Nasdaq Helsinki Oy, other than in proportion to the shareholders' holdings, at the market price at the time of acquisition. The authorisation is valid until the end of the next Annual General Meeting, but no later than 30 June 2026. The authorisation can be used, for example, to implement possible business acquisitions and incentive systems for key personnel or for other purposes decided by the Board. The shares acquired on the basis of the authorisation can otherwise be further transferred, kept by the company or cancelled. The Board can decide on all other conditions for acquiring own shares. The company's previous authorisation for the purchase of its own shares expired at the Annual General Meeting on 20 March 2025.
Authorisation of the Board to decide on issuing shares and option rights and other special rights entitling to shares
It was resolved, in accordance with the proposal of the Board of Directors, that the Board of Directors is authorised to decide on the issue of shares and the issue of special rights entitling to shares referred to in Chapter 10, Section 1 of the Limited Liability Companies Act in one or more installments, either against payment or without payment. The number of shares to be issued, including shares obtained based on special rights, can be a maximum of 7 501 578 shares in total. The Board can decide to issue either new shares or transfer any of its own shares that may be in the company's possession.
The maximum amount of authorization corresponds to about 5 % of all the company's shares, based on the situation on the day of the meeting notice. The authorisation entitles the Board to decide on all conditions for issuing shares and granting special rights entitling to shares, including the right to deviate from the shareholders' preemptive right. The authorisation is to be used, for example, to pay the purchase prices of business transactions, to pay the incentive fee according to the incentive system for key personnel, or for other purposes decided by the Board. The authorisation also includes the right to decide whether the subscription price of the share will be fully or partially entered into the invested unrestricted equity fund or as a share capital increase. The authorisation is to be valid until the end of the next Annual General Meeting, but no later than 30 June 2026. The previous authorisation of the Board ended with the Annual General Meeting on 20 March 2025.
Further information
Sampsa Laine, CEO, Alisa Bank Plc, sampsa.laine@alisapankki.fi, tel. +358 40 555 9035
Alisa Bank in brief
Alisa Bank Plc is a financial technology company that provides seamless banking services through digital channels. We serve SME customers, deposit customers seeking competitive interest returns on their deposits and partners. Together with our partners, we offer integrated banking services in the channels where customers carry out their daily business. Alisa Bank Plc’s shares are listed on the main list of Nasdaq Helsinki (ALISA), and it holds a license granted by the Financial Supervisory Authority. www.alisabank.com
ALISA BANK PLC STOCK EXCHANGE RELEASE 28.2.2025 AT 10.00 EET
Alisa Bank Plc has published its Annual Report 2024 in English. The Annual Report includes a summary of company’s highlights for 2024, CEO’s review, company’s Financial Statements, Board of Director’s Report and Auditor’s Report for the financial year 2024.
In addition, Alisa Bank has published as a separate report its Corporate Governance Statement, Capital and Risk Management Report as well as Remuneration Report for 2024.
The Annual Report, the Corporate Governance Statement and the Remuneration Report are available in Finnish and English. The Capital and Risk Management report is available in English.
Alisa Bank has also published its Annual Report as an XHTML file in accordance with the reporting requirements of the European Single Electronic Format (ESEF). The Consolidated Financial Statements have been labelled with XBRL tags. ESEF reporting has been audited with reasonable assurance by KPMG Oy Ab.
The Annual Report is attached to this release as an XHTML file as well as a PDF file. The Corporate Governance Statement, the Capital and Risk Management Report and the Remuneration Report are also attached to this release. The reports are also available on the corporate website at www.alisabank.com/reports-and-presentations.
Further information
Sampsa Laine, CEO, Alisa Bank Plc, sampsa.laine@alisapankki.fi, tel. +358 40 555 9035
Alisa Bank in brief
Alisa Bank Plc is a financial technology company that provides seamless banking services through digital channels. We serve SME customers, deposit customers seeking competitive interest returns on their deposits and partners. Together with our partners, we offer integrated banking services in the channels where customers carry out their daily business. Alisa Bank Plc’s shares are listed on the main list of Nasdaq Helsinki (ALISA), and it holds a license granted by the Financial Supervisory Authority. www.alisabank.com
ALISA BANK PLC STOCK EXCHANGE RELEASE 14.2.2025 AT 14.30 EET
Alisa Bank Plc's shareholders are invited to the Company's Annual General Meeting, which will be held on 20 March 2025 at 11:00 a.m. EET at the address Jura-Sali, Kasarmikatu 21 B, Helsinki.
Instructions for participating in the Annual General Meeting can be found in part C. of this invitation and on the company’s website at www.alisabank.com/annual-general-meeting-2025.
A. Items on the agenda of the General Meeting
1. Opening of the meeting
2. Calling the meeting to order
3. Election of persons to scrutinise the minutes and to supervise the counting of votes
4. Recording the legality of the meeting
5. Recording attendance at the meeting and adoption of the list of votes
6. Presentation of the 2024 financial statements, the Report by the Board of Directors, and the Auditor's Report
- Presentation by the CEO
7. Adoption of the parent company’s and Group’s financial statements and the Report by the Board of Directors
8. Resolution on the use of the profit shown in the balance sheet and the payment of dividend
According to the financial statements, the parent company´s distributable assets on December 31, 2024 totaled to EUR 2 338 694,37. The Board of Directors proposes to the Annual General Meeting of Shareholders that no dividend will be distributed for the financial year 2024.
9. Resolution on the discharge from liability of the members of the Board of Directors, the CEO and the deputy CEO
10. Remuneration Report for year 2024
The Board of Directors proposes to the Annual General Meeting that the Remuneration Report for the Company’s Governing Bodies be confirmed for the year 2024.
The resolution concerning the Remuneration Report is advisory in nature. The Remuneration Report is available on the company’s website at www.alisabank.com/annual-general-meeting-2025 no later than 28 February 2025.
11. Resolution on the Remuneration for the Members of the Board
The Shareholders' Nomination Board proposes to the Annual General Meeting that the fixed monthly fee of the Board Members be determined as an annual remuneration and paid once a year.
The Shareholder's Nomination Board proposes that the annual remuneration is following until the Annual General Meeting 2026.
- EUR 60,000 for the Chairman of the Board
- EUR 48,000 for Vice Chairman and Committee Chairs (however, the fee is not paid twice, if the Chairman/Vice Chairman also serves as Committee Chair)
- EUR 38,400 for each other Board Member.
The Nomination Board proposes that approximately 40 percent of the annual fees be paid in Alisa Bank Plc shares purchased from the market on behalf of the Board Members, or alternatively by handing over the company's own shares or issuing new shares.
When transferring the company's own shares or issuing new shares, the share conversion rate is the weighted average price of the company's share exchange in Nasdaq Helsinki Oy for the period of five trading days after the publication of the company's half-year report 2024. The company is responsible for the costs and possible transfer tax arising from the acquisition, transfer or giving of the shares. The rest of the annual fee is paid in cash, which covers the taxes arising from the fee.
The shares will be acquired directly on behalf of the Board Members within two weeks after the company's 2025 half-year report is announced. The transfer of the company's own shares or the issuance of new shares takes place as soon as possible after the reward has been converted into shares. If the acquisition, transfer or giving of the shares cannot be carried out at the afore mentioned time due to legal or other regulatory restrictions or for another reason related to the company or the Board Member, the shares will be acquired, transferred or given later or the annual remuneration will be paid in full in cash.
12. Resolution on the number of Members of the Board of Directors
The Shareholders’ Nomination Board proposes to the 2025 Annual General Meeting that the number of the Members of the Board of Directors is six (6).
13. Election of Members of the Board of Directors
The Shareholders' Nomination Board proposes for a period until the end of the next Annual General Meeting that the present members of the Board of Directors Sami Honkonen, Johanna Lamminen, Jukka Salonen and Tero Weckroth be re-elected to the Board. The Nomination Board further proposes that Karri Haaparinne and Marjo Tomminen be elected as new members of the Board.
The candidates have given their consent to the position.
The present chair of the Board Markku Pohjola has announced that he is no longer a candidate for the Board.
The Shareholders' Nomination Board proposes to the Annual General Meeting that Jukka Salonen be elected as Chair of the Board and Johanna Lamminen as Vice Chair.
All proposed Board Members are estimated to be independent of the company. In addition, all proposed Board Members are estimated to be independent of the company's significant shareholders.
More information of all proposed Board Members can be seen on the company's website at www.alisabank.com/annual-general-meeting-20225.
14. Resolution on the Auditor's remuneration
The Board of Directors proposes to the General Meeting that the Auditor's remuneration be paid according to an invoice approved by the company.
15. Election of the Auditor
The Board of Directors proposes that KPMG Oy Ab, a firm of authorised public accountants, shall be elected as auditor, with APA Tiia Kataja as auditor-in-charge for a term of office beginning when the Annual General Meeting 2025 is closed and continuing up until the Annual General Meeting 2026 has ended.
16. Authorization of the Board of Directors to decide on acquisition of own shares
The Board of Directors proposes that the General Meeting authorizes the Board to decide on the acquisition of a maximum of 7 501 578 own shares in one or more installments with the company's free equity capital. The proposed number of shares corresponds to approximately 5 percent of the Company's shares. The shares are acquired in a public trading organized by Nasdaq Helsinki Oy, other than in proportion to the shareholders' holdings, at the market price at the time of acquisition. The authorization is proposed to be valid until the end of the next Annual General Meeting, but no later than 30 June 2026. The company's previous authorization for the purchase of its own shares expires at the General Meeting on 20 March 2025. The authorization can be used, for example, to implement possible business acquisitions and incentive systems for key personnel or for other purposes decided by the Board. The shares acquired on the basis of the authorization can otherwise be further transferred, kept by the company or cancelled. The board can decide on all other conditions for acquiring own shares.
17. Authorization of the Board to decide on issuing shares and option rights and other special rights entitling to shares
The Board of Directors proposes to the Annual General Meeting that the General Meeting authorizes the Board to decide on the issue of shares and the issue of special rights entitling to shares referred to in Chapter 10, Section 1 of the Limited Liability Companies Act in one or more installments, either for payment or free of charge. The number of shares to be issued, including shares obtained based on special rights, can be a maximum of 7 501 578 shares in total. The Board can decide to issue either new shares or transfer any of its own shares that may be in the company's possession.
The proposed maximum amount of authorization corresponds to about 5 % of all the company's shares, based on the situation on the day of the meeting call. The authorization entitles the board to decide on all conditions for issuing shares and granting special rights entitling to shares, including the right to deviate from the shareholders' preemptive right. The authorization is presented to be used, for example, to pay the purchase prices of business transactions, to pay the incentive fee according to the incentive system for key personnel, or for other purposes decided by the board. The authorization is presented to also include the right to decide whether the subscription price of the share will be fully or partially entered into the invested unrestricted equity fund or as a share capital increase. The authorization is proposed to be valid until the end of the next Annual General Meeting, but no later than 30 June 2026. The previous authorization of the Board ends with the General Meeting on 20 March 2025.
18. Closing of the meeting
B. General Meeting documents
The above-mentioned proposed resolutions on the agenda of the General Meeting, this meeting notice as well as the financial statements, the report by the Board of Directors and auditor's report as well as the remuneration report are available on the company's website at www.alisabank.com/annual-general-meeting-2025 no later than 28 February 2025.
Resolution proposals and other documents mentioned above are also available for viewing at the General Meeting. The minutes of the General Meeting can be viewed by shareholders on the above-mentioned website no later than 29 March 2025.
C. Instructions for meeting participants
1. A shareholder entered in the shareholder register
The right to participate in the General Meeting belongs to the shareholder who is registered as a shareholder in the company's shareholder register kept by Euroclear Finland Oy on the record date of the General Meeting on 7 March 2025. A shareholder whose shares are registered in his/her personal Finnish book-entry account is registered in the company's shareholder register.
Registration for the General Meeting begins on 14 February 2025. A shareholder entered in the company's shareholder register who wishes to participate in the General Meeting must register no later than 14 March 2025 at 4:00 p.m., by which time the registration must be received.
You can register for the General Meeting via e-mail to the address yhtiokokous@alisapankki.fi.
When registering, you must provide the requested information, such as the shareholder's name, address, telephone number and e-mail address, as well as the name of any assistant or agent. The personal data provided by the shareholders will only be used for the processing of the General Meeting and related necessary registrations.
The shareholder, his/her representative and proxy must be able to prove their identity and/or right of representation at the meeting place, if necessary.
2. Owners of nominee registered shares
The owner of nominee registered shares has the right to participate in the General Meeting on the basis of those shares, on the basis of which he would have the right to be entered in the shareholder list kept by Euroclear Finland Oy on the record date of the General Meeting on 7 March 2025. Participation also requires that the shareholder has been temporarily entered in the shareholder list kept by Euroclear Finland Oy on the basis of these shares by 14 March 2025 at 10:00 a.m. at the latest. For holders of nominee-registered shares, this is considered registration for the General Meeting. Changes in share ownership after the record date of the General Meeting do not affect the right to participate in the General Meeting or the shareholder's number of votes.
The owner of a nominee registered share is advised to request the necessary instructions from the asset manager in good time regarding temporary registration in the shareholders' register, issuing proxies and voting instructions and registering for the General Meeting. The account manager of the asset manager must notify the owner of the nominee-registered share, who wants to participate in the Annual General Meeting by voting in advance, to be temporarily entered in the company's shareholder list by the above-mentioned date at the latest.
3. Using an agent and powers of attorney
The shareholder may participate in the General Meeting and exercise his/her rights there through a proxy. The agent must present a dated power of attorney, or he must otherwise prove in a reliable way that he/she is entitled to represent the shareholder. If the shareholder participates in the General Meeting through several proxies, who represent the shareholder with shares in different securities accounts, the shares on the basis of which each proxy represents the shareholder must be indicated when registering.
Potential proxies are requested to be saved as attachments delivered by e-mail to yhtiokokous@alisapankki.fi or by post to” Yhtiökokous”, Alisa Bank Plc, Bulevardi 21 A, 00180 Helsinki before the end of the registration period on 14 March 2025 at 16:00, by which time the proxies must be in. Submitting the power of attorney to the company before the end of the registration period is considered registration for the General Meeting, as long as it contains the aforementioned information required for registration.
4. Other instructions/information
The meeting language is Finnish.
The shareholder present at the General Meeting has the right to ask questions about the matters discussed at the meeting in accordance with Chapter 5, Section 25 of the Limited Liability Companies Act.
Changes in share ownership after the record date of the General Meeting do not affect the right to participate in the General Meeting or the shareholder's number of votes.
On the date of the meeting notice, 14 February 2025, Alisa Bank Plc has a total of 150 031 563 number of shares. The company holds on 14 February 2025 directly and through subsidiaries a total of 14 081 shares which cannot be used to vote at the Annual General Meeting.
Helsinki, 14 February 2025
ALISA BANK PLC
The Board of Directors
Further information
Sampsa Laine, CEO, Alisa Bank Plc, sampsa.laine@alisapankki.fi, tel. +358 40 555 9035
Alisa Bank in brief
Alisa Bank Plc is a financial technology company that provides seamless banking services through digital channels. We serve SME customers, deposit customers seeking competitive interest returns on their deposits and partners. Together with our partners, we offer integrated banking services in the channels where customers carry out their daily business. Alisa Bank Plc’s shares are listed on the main list of Nasdaq Helsinki (ALISA), and it holds a license granted by the Financial Supervisory Authority. www.alisabank
ALISA BANK PLC PRESS RELEASE 14.2.2025 AT 09.30 EET
Alisa Bank Plc and Administer Financial Management Services have signed a partnership agreement aimed at offering Administer’s more than 4,000 clients comprehensive and cost-effective banking and financing services. At the core of this partnership is Alisa Bank’s business current account and the integrated Administer Payment Package, which provides Administer’s clients with an efficient and reliable solution for daily financial management.
The Administer Payment Package is an additional service offered by Alisa Bank that enables a fixed-price banking connection between Alisa Bank and Administer’s eFina system. With this package, business clients can authorize Administer to deliver payment materials, receive payment feedback, and retrieve account statements and real-time balances without transaction-based fees. The fixed monthly price for the Payment Package is €19.90. The service is designed especially for companies that value seamless data transfer and up-to-date financial information at an affordable price.
As part of the partnership, Alisa Bank and Administer will also offer Administer’s clients flexible corporate financing solutions. Through this collaboration, Administer’s clients can easily finance their sales invoices using Alisa Bank’s efficient and reliable invoice financing service.
Peter Aho, Business Area Director of Administer Financial Management Services: “We are delighted to offer our clients cost-effective and reliable banking services as part of our flexible service portfolio. Partnerships like this strengthen and develop digital financial management for the benefit of our clients.”
Sampsa Laine, CEO of Alisa Bank: “We are excited about this partnership, which allows us to reach new clients and offer them flexible, modern, and cost-effective banking services. This collaboration is an excellent example of our strategy to develop and provide services together with our partners.”
The partnership is part of Alisa Bank’s partner strategy, which aims to bring Alisa Bank’s services to the digital service channels that clients use in their daily business operations. Through this partnership, Alisa Bank strengthens its position as a reliable partner in banking and financing services for companies providing financial management services.
Further Information
Sampsa Laine, CEO, Alisa Bank Plc, sampsa.laine@alisapankki.fi, +358 40 555 9035
Peter Aho, Business Area Director, Administer Financial Management Services, peter.aho@administer.fi, +358 40 501 3661
About Alisa Bank
Alisa Bank Plc is a technology-driven financial services company offering seamless banking services through digital channels. We serve business clients, savers seeking competitive interest rates for their deposits, and partners. Together with our partners, we integrate banking services into the channels customers use daily. Alisa Bank Plc shares are listed on the Nasdaq Helsinki main market (ALISA) and the bank operates under a license granted by the Finnish Financial Supervisory Authority. www.alisapankki.fi
About Administer Financial Management Services
Administer Financial Management Services is a Finnish authorized accounting firm specializing in digital financial management services. Our comprehensive service offering meets the needs of companies of all sizes, ranging from bookkeeping and payroll management to legal, HR, and financial management services. Our goal is to make business operations easier by providing tailored solutions for the unique needs of each business. Administer has offices in over 30 locations, ensuring local service for our clients. Our client base includes companies from various industries, from publicly listed companies to one-person consulting firms. Administer Accounting is part of Administer Group, which is listed on Nasdaq Helsinki’s First North market. The group includes Administer Accounting, Silta, Econia, and EmCe Solution Partner, among other subsidiaries and associated companies. www.administer.fi
ALISA BANK PLC STOCK EXCHANGE RELEASE 14.2.2025 AT 09.05 EET
PROFIT TURNAROUND IN THE SECOND HALF OF THE YEAR
January-December 2024 in brief
- Total income was EUR 17.0 million (16.7).
- Total operating expenses increased to EUR 12.8 million (11.4) due to the merger with PURO Finance.
- Realised and expected credit losses were EUR 5.5 million (5.4*).
- January-December profit before non-recurring items and taxes was EUR -0.1 million (0.4*). Profit before taxes was EUR -1.3 million (-0.1).
- Total capital adequacy ratio increased by 17.6 percent (15.1*).
- Loan portfolio before reducing expected credit losses decreased to EUR 149.5 million (172.9). The corporate customer loan portfolio increased by EUR 47.6 million (41.1) and the loan portfolio of personal customers decreased to EUR 101.9 million (131.8).
- Deposits increased to EUR 394.6 million (268.9).
- Sampsa Laine started as the bank's new CEO on 1 December 2024.
July-December 2024 in brief
- July-December profit before non-recurring items and taxes was EUR 0.9 million (-0.0*). Profit before taxes was EUR 0.7 million (-0.4*).
- Total income increased to EUR 9.3 million (8.3).
Group key figures (EUR 1,000) | Jan-Dec 2024 | Jan-Dec 2023 | Jul-Dec 2024 | Jul-Dec 2023 | Jan-Dec 2022 |
| ||
Net interest income | 15,075 | 14,757 | 8,280 | 7,331 | 9,053 |
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Net commission and fee income | 1,815 | 1,785 | 1,017 | 938 | 1,511 |
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Total operating expenses | -12,781 | -11,398 | -6,350 | -5,651 | -11,601 |
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Impairment of receivables | -5,527 | -5,443* | -2,304 | -3,023* | -8,321 |
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Profit before taxes | -1,317 | -140* | 678 | -345* | -9,684 |
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**Profit before non-recurring items and taxes | -137 | 389* | 862 | -20* | -7,750 |
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** Cost / income ratio, % | 75 | 68 | 68 | 68 | 113 |
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Balance sheet total | 450,604 | 312,398* | 450,604* | 312,398* | 291,661 |
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** Return on equity (ROE), % | -3.9 | -0.5* | 4.4 | 0.3 | neg. |
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**Total capital ratio (TC), % | 17.6 | 15.1* | 17.6 | 15.1* | 16.8 |
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Common Equity Tier (CET1), % | 15.1 | 12.0 | 15.1 | 12.0 | 12.6 |
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Number of employees, end of period | 80 | 78 | 80 | 78 | 78 |
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Earnings per share (EPS), EUR | -0.01 | 0.00 | 0.01 | 0.00 | -0.14 |
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** Impairment of receivables/loan portfolio, % | 3.7 | 3.2* | 3.1 | 3.6* | 5.1 |
| ||
|
|
|
|
| ||||
* Figures for the financial year 2023 adjusted for the ECL provision, see more details in note 13
** The calculation principles of alternative performance measures are presented in Appendix A.
CEO’s review
New strategy for the new year
For Alisa Bank, 2024 was a year of renewal filled with many changes. The combination with PURO Finance Ltd, completed in May, proved transformative. With the combination, the bank gained a new Board of Directors, Management Team and a strategy published later in the financial year. In the second half of the year, the focus of operations, in addition to the implementation of the new strategy, was on the technical and operational execution of the merger. At the same time, we were able to improve fundraising, create a foundation for more active risk-based pricing, and initiate discussions with new Banking-as-a-Service (BaaS) partners.
The weak state of the Finnish economy was reflected in the demand for both consumer and business financing. In particular, demand for our main product, invoice financing, fell short of our August forecast, as B2B invoicing in our target group declined in the final months of the year. In addition to the challenging business environment, the end of the year saw a higher-than-expected amount of external expenses, and the expected credit loss from a single bankruptcy estate was specified. The focus of this year is on increasing sales and partnerships for products in line with our new strategy and on efficiency measures aimed at optimizing external expenses. The portfolio of consumer credits, which was previously a focus area, maintains a level of credit losses similar to the past financial year. A clearer decrease in credit losses is expected to come only in 2026, with the loan portfolio under the new strategy being materially less risky than before.
Due to the first half of the year, profit before non-recurring items and taxes was EUR -0.1 million, and profit before taxes EUR -1.3 million. The earnings improvement in the second half of the year was driven by both successful implementation of fund-raising and the increase in the risk-adjusted return on lending in line with the renewed strategy. Volume development in lending and certain external expenses correspondingly pushed the figures for the latter part of the year below the guidance we issued in connection with the half-year report.
Business development
The company’s operating income increased by 2.0 percent to EUR 17.0 million (16.7) during the financial year, driven by a corresponding change in net interest income. The same trend in credit losses resulted in a corresponding 2.0 percent increase in the risk-adjusted return. The bank’s profit before taxes fell to a EUR -1.3 million (-0.1*) loss after the expense level exceeded the 2023 level by EUR 1.4 million.
Business performance in the past year was characterized by a weak market situation in Finland and, on the other hand, the merger of Alisa Bank and PURO Finance. The shift in operational focus towards SME lending, initiated in spring 2024, was strengthened by the merger with PURO and the renewed strategy published on September 30. The organizational and business changes following the merger were somewhat reflected in the development of non-recurring expenses towards the end of the year but at the same time sharpened operations ahead of 2025. The bank's BaaS operations strengthened in existing partnerships and opened numerous new discussions, the results of which are expected to be announced in early 2025. The flow of customer contacts generated by the partner model remained strong among corporate customers, but the weak market environment was reflected in lower-than-expected demand for customer-specific financing. The new risk-based pricing model implemented in December 2024 is expected to be reflected in demand recovery, especially in the lower-risk SME target groups. At the same time, the decline in the average interest rate of financing from 3.1% percent in June to 2.4 percent in December improved the profitability of financing activities.
After the one-off increase in the loan portfolio (62%) generated by the PURO merger, the volume development of business financing was subdued in the second half of the year. Growth in the business financing loan portfolio for the full financial year was 16 percent. The corporate loan portfolio at the end of the financial year was EUR 48 million (41). The number of credit applications developed as targeted, but the challenging operating environment was reflected in weak credit quality and, thus, a low volume of granted financing. The granted financing focused on invoice financing, which kept the new sales portfolio low-risk. At the same time, we increased the risk-adjusted return on business financing, which was also supported by the success of own channels in deposit fundraising.
In personal customers, our loan portfolio decreased by 23 percent to EUR 102 million (132). The key reason for the drop was a strategic decision to abandon the use of comparison platforms and to emphasize new sales to the company's own customer base with a better risk profile. The decision materially improved the profitability of new sales, roughly doubling the risk-adjusted return from the level seen in summer 2024. The decision to focus on SME financing and growing the own deposit base, in line with the new strategy, reduces the emphasis on personal finance. The high credit loss ratio of the current personal finance portfolio will continue to negatively impact the company's earnings development throughout 2025.
Our deposits amounted to EUR 395 million (269) at the end of the period. During the year, the development of the structure of deposits was two-fold. During the first half of the year, we sought growth from the comparison portal Raisin while also exploring the market in different European countries. The deposit portfolio’s peak level was reached in July 2024, after which we focused on growing our own deposit base and optimizing the price level of fundraising. The end result was a highly predictable portfolio development and better-than-expected profitability of deposits, which in part supported the bank's earnings turnaround in the second half of 2024.
We had 68,000 (57,500) active customers at the end of December. Customer satisfaction increased a bit (Net Promoter Score 52) from an already strong level (46).
The long sought-after increase in the solvency ratio materialized in the second half of 2024, supported not only by the decrease in the loan portfolio but also by positive earnings development and a successful personnel issue. In the second half of the financial year, the bank’s CET1 capital increased by EUR 1.2 million and total capital adequacy ratio was 17.6 percent (15.1).
Market environment and risk position
The general economic development was weak in Finland in 2024. In the latter half of the year, the invoicing volume between companies, according to data from companies using Procountor, was lower than in the previous year. This was directly reflected in the demand for invoice financing. However, the decline in interest rates started to show as a reversal of the trend at the very end of the year, which, in turn, led to a budding recovery in our loan demand. Success in fundraising and a high-quality business financing product portfolio will enable us to play a more active role in corporate financing in the future.
The bank has a strong liquidity position (liquid assets of EUR 284 million). We significantly increased deposit funds while improving the average cost of funding. Strong development of own channels and close cooperation with several growing external channels keep fundraising a clear area of strength. The deposit margin will also significantly support the bank’s overall result in 2025.
The bank's capital adequacy was 17.6 percent, exceeding the targeted 16 percent due to the positive result in the second half of the year, the successful personnel issue, and the development of the loan portfolio. We expect the capital adequacy ratio will remain at the target level during the first half of the year, considering the targeted growth in business financing.
Despite the seasonal relative increase in non-performing loans at the end of the year, the overall development of credit losses remained stable. The decline in the loan portfolio in the last quarter brought the relative share of non-performing receivables (NPL ratio) to 4.8 percent (4.2 percent) at the end of the reporting period. During December, we successfully negotiated a new agreement for the resale of non-performing loans, which improves the outlook for credit losses for the current year. The same applies to the impact of the revised risk-based pricing on the business financing portfolio. Credit losses will remain above our target level as the current personal financing portfolio in 2025 represents just under 70 percent of our total loan portfolio during the early part of 2025.
Outlook for the future
Alisa Bank's change towards lower-risk SME financing products, driven by the new strategy, will improve the risk-adjusted return on new sales during 2025. The decline in the cost level of fundraising will continue with the market’s predicted high-interest rate scenario throughout the beginning of the year. Both measures have a significant earnings impact relative to the current size of the banking book. We are particularly looking for stronger-than-market growth in the banking book through existing and new BaaS partnerships. Based on ongoing discussions, Alisa's offering, especially in invoice financing, is considered very interesting.
In addition to successful measures that strengthen the development of net income from financial operations, we pay particular attention to the level of external expenses. We have already renegotiated several partnership agreements and initiated a similar process with other partners. In light of the changes already made, we know we will achieve significant additional efficiency in this area, some of which will be invested in growing the business.
We estimate that the bank’s operating result will continue to develop positively during 2025.
A warm thank you to our staff and customers for the past year - you have been a key part of our turn.
Sampsa Laine
CEO
Outlook for 2025
After a year of changes, Alisa Bank will implement the renewed strategy in the 2025 fiscal year and continue to develop BaaS partnerships. There are early positive signs in the general economic situation, although there is still uncertainty regarding the development of the operating environment. If the economic recovery continues, combined with the implementation of the bank’s renewed strategy, it will support the bank’s income growth during the current financial year. For the reasons mentioned above, and due to the impact of the annual cycle of invoice financing business, favorable development is expected to be emphasized in the second half of the year.
The profit for the second half of 2024 reflects the current financial state of the renewed Alisa. The profit before non-recurring items for 2025, is estimated to develop favorably compared with the current financial state.
Alisa Bank Plc
Further information
Sampsa Laine, CEO, Alisa Bank Plc, sampsa.laine@alisapankki.fi, tel. +358 40 555 9035
Alisa Bank
Alisa Bank Plc is a financial technology company that provides seamless banking services through digital channels. We serve SME customers, deposit customers seeking competitive interest returns on their deposits and partners. Together with our partners, we offer integrated banking services in the channels where customers carry out their daily business. Alisa Bank Plc’s shares are listed on the main list of Nasdaq Helsinki (ALISA), and it holds a license granted by the Financial Supervisory Authority. www.alisabank.com
ALISA BANK PLC STOCK EXCHANGE RELEASE 13.2.2025 AT 17.00 EET
Alisa Bank Plc has decided to expand its Management Team and to appoint Christina Wallenius (BBA), Director, HR and Communications and Tomi Pulkkinen (Master of Engineering), Chief Information Officer as Management Team members as of 14 February, 2025.
Wallenius has worked as HR Director and Interim Chief Financial Officer in Alisa Bank Plc since 2021 and has previously held various financial administration related positions in Evli Bank Plc. Pulkkinen has worked as Chief Information Officer in Alisa Bank Plc since 2020 and has previously held various expert and managerial roles in Tieto Finland Plc and S-Bank Plc.
Both Wallenius and Pulkkinen will report to CEO Sampsa Laine.
Further information
Sampsa Laine, CEO, Alisa Bank Plc, sampsa.laine@alisapankki.fi, tel. +358 40 555 9035
Alisa Bank
Alisa Bank Plc is a financial technology company that provides seamless banking services through digital channels. We serve SME customers, deposit customers seeking competitive interest returns on their deposits and partners. Together with our partners, we offer integrated banking services in the channels where customers carry out their daily business. Alisa Bank Plc’s shares are listed on the main list of Nasdaq Helsinki (ALISA), and it holds a license granted by the Financial Supervisory Authority. www.alisabank.com
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Company Facts
Guidance
The profit before non-recurring items and taxes for year 2025 is expected to decline from 2024 level.
Financial targets
The target for the group's total capital adequacy ratio is 16 percent.
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