Bank of Åland to phase out Borgo services, expects €8M Q4 gain
Bank of Åland and Borgo agreed to phase out the bank’s platform and service provision from Q4 2026 through 2027. The bank expects an approximately €8M positive one-off effect on operating profit in Q4 2026, after which related income will gradually cease.
Bank of Åland Plc and Borgo have agreed to phase out the bank’s platform and service provision, beginning in Q4 2026 and continuing through 2027. Bank of Åland expects an approximately €8M positive one-off impact on operating profit in Q4 2026. The related income is expected to cease gradually thereafter.