Financial overview
Equity research
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.
Annual financials
Quarterly financials
Assets
Equity and liabilities
Cashflow
Environment
Social
Governance
Annual and sustainability reports
- Corporate Governance Statement 2023
- Capital and Risk Management 2023
- Annual report 2023
- Annual report 2022
- Corporate Governance Statement 2022
- Capital and Risk Management 2022
Company news
Alisa Bank Plc will publish the following financial reports in 2025:
- Financial Statements Bulletin 2024: February 14, 2025
- Half-year Financial Report, January-June: August 12, 2025
The Annual Report and Financial Statements for 2024 will be available on the company's website in week 9.
The Annual General Meeting of Alisa Bank Plc is planned to be held in Helsinki on March 20, 2025.
Alisa Bank follows a silent period of 30 days prior to the publication of the financial statements bulletin and half-year financial report.
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 and laskurahoitus.fi
On 8 August 2024, it was announced that the Board of Directors of Alisa Bank Plc has established a new performance share plan for the company's interim CEO, members of the Management Team and other key employees. In the plan, the key employees have an opportunity to earn shares based on performance. On 14 November 2024, it was announced that a new CEO was appointed to the company.
The Board of Directors has decided to include the new CEO in the first performance period 2024-2026 of the performance share plan and to allocate rewards to him. At the same time, the Board of Directors decided to increase the aggregate amount of rewards that can be earned during the performance period for possible key employees to be invited to the performance period later. After the increase, the rewards to be paid based on the first performance period correspond to the value of a maximum total of 1,760,178 Alisa Bank Plc shares (including the proportion to be paid in cash), which corresponds to approximately EUR 295.181,85 calculated at the volume-weighted average price of Alisa Bank Plc's share on 17 December 2024. The potential rewards will be paid partly in Alisa Bank Plc's shares and cash after the end of the performance period.
Alisa Bank Plc
The Board of Directors
Further information
Markku Pohjola, Chair of the Board of Directors, Alisa Bank Plc, markku.pohjola@alisapankki.fi, tel. +358 50 1654
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 brings down the outlook for 2024. The prolonged uncertainty in the operating environment and weak overall economic development are weakening the company's profit performance. Growth in business financing has fallen short of targets due to a decrease in the utilization rate of factoring limits and a general decline in the demand for financing.
In the second half of the year, the relative profitability of the balance sheet has improved; however, due to the unfavorable development in financing volumes, the bank's income is expected to remain close to last year's level. Consequently, the profit forecast is weaker than previously anticipated.
New outlook for 2024
The prolonged uncertainty in the operating environment is expected to weaken profit performance in 2024. Income is estimated to remain close to the 2023 level, and the operating profit before non-recurring items and taxes for the 2024 financial year is estimated to be between -0.4 and 0.2 million euros.
The group's total capital adequacy ratio is expected to exceed 16 percent at the end of the 2024 financial year.
Previous outlook for 2024, that was published in connection with the half year financial report
The prolonged uncertainty of the operating environment, the decline in interest rates and delay in strengthening the company's capital structure continues to challenge the financial performance in 2024.
When the financial goals of the combination with PURO Finance Ltd are fully realised both on the income and expenses side, total income will increase in 2024 compared to 2023 and profit before one-off items and taxes for the financial year 2024 is estimated to be slightly profitable (EUR 0.5-1.5 million).
The target for the group's total capital ratio is 16 percent.
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
Person subject to the notification requirement
Name: Sampsa Laine
Position: Chief Executive Officer
Issuer: Alisa Pankki Oyj
LEI: 743700VK1NB8HRGTQH74
Notification type: INITIAL NOTIFICATION
Reference number: 86499/7/10
Transaction date: 2024-11-29
Outside a trading venue
Instrument type: SHARE
ISIN: FI4000170915
Nature of transaction: SUBSCRIPTION
Transaction details
(1): Volume: 1082508 Unit price: 0.1663 EUR
Aggregated transactions (1):
Volume: 1082508 Volume weighted average price: 0.1663 EUR
Further information
Juha Saari, Interim CEO, Alisa Bank Plc, juha.saari@alisapankki.fi, tel. +358 40 672 0595
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
The Board of Directors of Alisa Bank Plc Corporation has on 14.11.2024 resolved a directed share issue to the new CEO, Sampsa Laine. The Share Issue was based on the authorization granted by the AGM held on March 20, 2024
The plan consists of a directed share issue against payment whereby the CEO subscribes maximum 1.100.000 new shares of Alisa Bank Plc. The subscription price is the average weighted price of the share of Alisa Bank Plc in Nasdaq Helsinki Oy on 13.11.2024 i.e. 0,1663 euro per share. The share subscription period ran from 14.11.2024 to 1.12.2024.
The board of directors has approved the subsciption of a total of 1.082.508 new shares subscribed for in the share issue. The total subscription price of the shares is 180 021,08 euro.
The new shares will be registered with the Trade Register on or about 13 December 2024 and admitted to trading on Nasdaq Helsinki Ltd on or about 16 December 2024.
After the registration of the new shares with the Trade Register, together with the new shares issued in the personnel share issues approved by the board of directors on 21.11.2024, the total number of shares in the company is 150 031 563 shares. The total subscription price of the new shares will be recorded in full in the reserve for invested unrestricted equity of the company.
Alisa Bank Plc
The Board of Directors
Further information
Markku Pohjola, Chair of the Board of Directors, Alisa Bank Plc, markku.pohjola@alisapankki.fi, tel. +358 50 1654
Alisa Bank in brief
Alisa Bank Plc is a Finnish digital bank that helps both personal and business customers to manage their day-to-day finances in a flexible and straightforward manner. For savers, we offer an attractive interest rate on deposits. Alisa Bank Plc is regulated by the Financial Supervisory Authority of Finland and listed on Nasdaq Helsinki's main list (ALISA). www.alisabank.com
Accountor Finago and Alisa Bank are introducing the innovative Procountor Tili solution, which transforms banking services for small and medium-sized enterprises (SMEs). The solution seamlessly integrates a business bank account with financial management, offering businesses a streamlined and cost-effective way to manage their finances.
"Procountor Tili is a step towards better banking services for small businesses. Together with Alisa Bank, we've aimed to solve what is arguably the biggest challenge in SME banking services - expensive and complex banking connections. Now, this service is available at a fixed rate, under ten euros per month. It's clear savings for small businesses," says Mikko Soirola, CEO of Accountor Software.
In addition to facilitating smooth account opening, Procountor Tili enables direct banking management through Accountor Finago's financial management software Procountor. This makes data transfer between the bank and the financial management software affordable and nearly real-time. The required Webservice data transfer is included in the service price.
More than a banking connection
However, the solution is more than just a bank account or a connection. It enhances the use of real-time financial data and improves business decision-making. At the same time, it significantly reduces the manual work associated with banking services in accounting firms. Procountor Tili genuinely supports all stakeholders using financial management software.
"I chose the Procountor Tili service primarily for its cost-effectiveness. After comparing alternatives, I realized that other banks' services would cost my company an average of around 60 euros per month. Procountor Tili offers equivalent services for a 10-euro monthly fee, resulting in significant monthly savings for my business. Real-time balance checking is also free, and other daily usage is quite smooth. However, I would like to see improvements in mobile usability," says Onni Rautanen, CEO of Vogon-IT Oy.
High banking connection costs are often even a barrier to digitalization for businesses, as entrepreneurs may resort to manual bookkeeping due to the expenses. The fixed price of Procountor Tili eliminates this cost risk. With interest earned on the included bank account, small businesses can potentially cover the entire service fee with interest income, making Procountor Tili effectively free.
Digital financial management is real-time, transparent, and therefore more reliable and secure. It also reduces the risk of errors while helping to meet anti-money laundering regulations and supporting sustainability reporting.
Redefining Banking and Financial Services
A new era has begun in SME banking services. Accountor Finago and Alisa Bank also provide financing services to businesses seamlessly through Procountor.
With the invoice financing service Kassaturva, businesses can immediately access funds tied to sales invoices. The business loan service supports growth and investment financing.
"The advanced integration of financial services into the financial management system lies in utilizing real-time accounts receivable data for credit applications and approvals. This model is entirely unique, as banks previously didn't have this level of access to business data, and supporting information had to be obtained from external sources. Additionally, all accounting tasks related to loan management can be automated," says Junno Roine, Head of Business Customers at Alisa Bank.
Procountor Tili in a nutshell
- Finnish IBAN business bank account
- Easy and fast implementation - fully digital - no setup fee
- The account can be used directly through Procountor or online banking
- Up-to-date account statements, unlimited SEPA transfers
- Includes Webservice data transfer from Alisa Bank's corporate account to Procountor
- Alisa Bank does not charge separately for using the bank account
Contact information
Mikko Soirola, CEO, Accountor Software, tel. +358 40 703 0553, mikko.soirola@finago.com
Juho Putkonen, Commercial Product Manager, Accountor Finago, tel. +358 50 350 3444, juho.putkonen@finago.com
Junno Roine, Head of Business Customers, Alisa Bank, tel. +358 50 522 6037, junno.roine@alisapankki.fi
About Accountor
Accountor Software specialises in software for financial and HR management. It is driven by empowering Nordic businesses to thrive with innovative solutions that make work more efficient and effortless. Accountor Software is a participant of the UN's Global Compact and adheres to its principles-based approach to responsible business. The group employs about 700 experts and its headquarters is in Espoo, Finland.
About 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.alisapankki.fi
Person subject to the notification requirement
Name: Salmela, Essi
Position: Other senior manager
Issuer: Alisa Bank Plc
LEI: 743700VK1NB8HRGTQH74
Notification type: INITIAL NOTIFICATION
Reference number: 743700VK1NB8HRGTQH74_20241121111540_19
Transaction date: 2024-11-21
Venue not applicable
Instrument type: SHARE
ISIN: FI4000170915
Nature of the transaction: SUBSCRIPTION
Transaction details
(1): Volume: 33000 Unit price: 0.166 EUR
Aggregated transactions
(1): Volume: 33000 Volume weighted average price: 0.166 EUR
Further information
Juha Saari, Interim CEO, Alisa Bank Plc, juha.saari@alisapankki.fi, tel. +358 40 672 0595
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
Person subject to the notification requirement
Name: Wallenius, Christina
Position: Other senior manager
Issuer: Alisa Bank Plc
LEI: 743700VK1NB8HRGTQH74
Notification type: INITIAL NOTIFICATION
Reference number: 743700VK1NB8HRGTQH74_20241121111540_20
Transaction date: 2024-11-21
Venue not applicable
Instrument type: SHARE
ISIN: FI4000170915
Nature of the transaction: SUBSCRIPTION
Transaction details
(1): Volume: 120482 Unit price: 0.166 EUR
Aggregated transactions
(1): Volume: 120482 Volume weighted average price: 0.166 EUR
Further information
Juha Saari, Interim CEO, Alisa Bank Plc, juha.saari@alisapankki.fi, tel. +358 40 672 0595
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
Person subject to the notification requirement
Name: Vähäsilta, Katja
Position: Other senior manager
Issuer: Alisa Bank Plc
LEI: 743700VK1NB8HRGTQH74
Notification type: INITIAL NOTIFICATION
Reference number: 743700VK1NB8HRGTQH74_20241121112442_25
Transaction date: 2024-11-21
Venue not applicable
Instrument type: SHARE
ISIN: FI4000170915
Nature of the transaction: SUBSCRIPTION
Transaction details
(1): Volume: 120482 Unit price: 0.166 EUR
Aggregated transactions
(1): Volume: 120482 Volume weighted average price: 0.166 EUR
Further information
Juha Saari, Interim CEO, Alisa Bank Plc, juha.saari@alisapankki.fi, tel. +358 40 672 0595
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
Person subject to the notification requirement
Name: Roine, Junno
Position: Other senior manager
Issuer: Alisa Bank Plc
LEI: 743700VK1NB8HRGTQH74
Notification type: INITIAL NOTIFICATION
Reference number: 743700VK1NB8HRGTQH74_20241121111539_18
Transaction date: 2024-11-21
Venue not applicable
Instrument type: SHARE
ISIN: FI4000170915
Nature of the transaction: SUBSCRIPTION
Transaction details
(1): Volume: 120482 Unit price: 0.166 EUR
Aggregated transactions
(1): Volume: 120482 Volume weighted average price: 0.166 EUR
Further information
Juha Saari, Interim CEO, Alisa Bank Plc, juha.saari@alisapankki.fi, tel. +358 40 672 0595
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
Person subject to the notification requirement
Name: Pulkkinen, Tomi
Position: Other senior manager
Issuer: Alisa Bank Plc
LEI: 743700VK1NB8HRGTQH74
Notification type: INITIAL NOTIFICATION
Reference number: 743700VK1NB8HRGTQH74_20241121111540_21
Transaction date: 2024-11-21
Venue not applicable
Instrument type: SHARE
ISIN: FI4000170915
Nature of the transaction: SUBSCRIPTION
Transaction details
(1): Volume: 24000 Unit price: 0.166 EUR
Aggregated transactions
(1): Volume: 24000 Volume weighted average price: 0.166 EUR
Further information
Juha Saari, Interim CEO, Alisa Bank Plc, juha.saari@alisapankki.fi, tel. +358 40 672 0595
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
Person subject to the notification requirement
Name: Saari, Juha
Position: Other senior manager
Issuer: Alisa Bank Plc
LEI: 743700VK1NB8HRGTQH74
Notification type: INITIAL NOTIFICATION
Reference number: 743700VK1NB8HRGTQH74_20241121111540_24
Transaction date: 2024-11-21
Venue not applicable
Instrument type: SHARE
ISIN: FI4000170915
Nature of the transaction: SUBSCRIPTION
Transaction details
(1): Volume: 120482 Unit price: 0.166 EUR
Aggregated transactions
(1): Volume: 120482 Volume weighted average price: 0.166 EUR
Further information
Juha Saari, Interim CEO, Alisa Bank Plc, juha.saari@alisapankki.fi, tel. +358 40 672 0595
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
Person subject to the notification requirement
Name: Laine, Sampsa
Position: Chief Executive Officer
Issuer: Alisa Bank Plc
LEI: 743700VK1NB8HRGTQH74
Notification type: INITIAL NOTIFICATION
Reference number: 743700VK1NB8HRGTQH74_20241121112554_26
Transaction date: 2024-11-21
Venue not applicable
Instrument type: SHARE
ISIN: FI4000170915
Nature of the transaction: SUBSCRIPTION
Transaction details
(1): Volume: 120482 Unit price: 0.166 EUR
Aggregated transactions
(1): Volume: 120482 Volume weighted average price: 0.166 EUR
Further information
Juha Saari, Interim CEO, Alisa Bank Plc, juha.saari@alisapankki.fi, tel. +358 40 672 0595
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
Person subject to the notification requirement
Name: Lehtimäki, Kukka Kristiina
Position: Chief Financial Officer
Issuer: Alisa Bank Plc
LEI: 743700VK1NB8HRGTQH74
Notification type: INITIAL NOTIFICATION
Reference number: 743700VK1NB8HRGTQH74_20241121111540_22
Transaction date: 2024-11-21
Venue not applicable
Instrument type: SHARE
ISIN: FI4000170915
Nature of the transaction: SUBSCRIPTION
Transaction details
(1): Volume: 120482 Unit price: 0.166 EUR
Aggregated transactions
(1): Volume: 120482 Volume weighted average price: 0.166 EUR
Further information
Juha Saari, Interim CEO, Alisa Bank Plc, juha.saari@alisapankki.fi, tel. +358 40 672 0595
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
Person subject to the notification requirement
Name: Airikkala, Antoni
Position: Other senior manager
Issuer: Alisa Bank Plc
LEI: 743700VK1NB8HRGTQH74
Notification type: INITIAL NOTIFICATION
Reference number: 743700VK1NB8HRGTQH74_20241121111540_23
Transaction date: 2024-11-21
Venue not applicable
Instrument type: SHARE
ISIN: FI4000170915
Nature of the transaction: SUBSCRIPTION
Transaction details
(1): Volume: 120482 Unit price: 0.166 EUR
Aggregated transactions
(1): Volume: 120482 Volume weighted average price: 0.166 EUR
Further information
Juha Saari, Interim CEO, Alisa Bank Plc, juha.saari@alisapankki.fi, tel. +358 40 672 0595
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
| Shareholders | Date | % of Shares | % of Votes |
|---|---|---|---|
| Evli Pankki Oyj | 30.09.2024 | 10.4% | 10.4% |
| Taaleri Oyj | 30.09.2024 | 10.4% | 10.4% |
| Kempinvest Oy | 30.09.2024 | 9.2% | 9.2% |
| Vaiste Heikki Tapani | 30.09.2024 | 5.6% | 5.6% |
| Mininvest Oy | 30.09.2024 | 4.7% | 4.7% |
| Saxo Bank A/S | 30.09.2024 | 3.7% | 3.7% |
| TN Ventures Oy | 30.09.2024 | 3.7% | 3.7% |
| Oy Scripo Ab | 30.09.2024 | 3.7% | 3.7% |
| Oy Prandium Ab | 30.09.2024 | 3.2% | 3.2% |
| Veikko Laine Oy | 30.09.2024 | 3.1% | 3.1% |
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Company Facts
Guidance
Income is estimated to remain close to the 2023 level, and the operating profit before non-recurring items and taxes for the 2024 financial year is estimated to be between -0.4 and 0.2 million euros.
Financial targets
The target for the group's total capital adequacy ratio is 16 percent.
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