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2024-10-30 Kvartalsrapport 2024-Q3
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2024-03-14 Ordinarie utdelning ARION 9.00 ISK
2024-03-14 Ordinarie utdelning ARION SDB 0.69 ISK
2024-03-13 Årsstämma 2024
2024-02-07 Bokslutskommuniké 2023
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2023-03-16 Ordinarie utdelning ARION 8.50 ISK
2023-03-16 Ordinarie utdelning ARION SDB 0.63 ISK
2023-03-15 Årsstämma 2023
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2022-03-17 Ordinarie utdelning ARION SDB 1.09 ISK
2022-03-17 Ordinarie utdelning ARION 15.00 ISK
2022-03-16 Årsstämma 2022
2022-02-09 Bokslutskommuniké 2021
2021-10-27 Kvartalsrapport 2021-Q3
2021-07-28 Kvartalsrapport 2021-Q2
2021-05-05 Kvartalsrapport 2021-Q1
2021-03-17 Ordinarie utdelning ARION SDB 0.12 ISK
2021-03-17 Ordinarie utdelning ARION 1.74 ISK
2021-03-16 Årsstämma 2021
2021-02-10 Bokslutskommuniké 2020
2020-10-28 Kvartalsrapport 2020-Q3
2020-07-29 Kvartalsrapport 2020-Q2
2020-05-15 Ordinarie utdelning ARION SDB 0.00 ISK
2020-05-15 Ordinarie utdelning ARION 0.00 ISK
2020-05-14 Årsstämma 2020
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2020-02-12 Bokslutskommuniké 2019
2019-10-30 Kvartalsrapport 2019-Q3
2019-08-09 Årsstämma 2019
2019-08-08 Kvartalsrapport 2019-Q2
2019-05-08 Kvartalsrapport 2019-Q1
2019-03-21 Ordinarie utdelning ARION 5.00 ISK
2019-03-21 Ordinarie utdelning ARION SDB 0.39 ISK
2019-02-13 Bokslutskommuniké 2018
2018-10-31 Kvartalsrapport 2018-Q3
2018-08-01 Kvartalsrapport 2018-Q2

Beskrivning

LandIsland
ListaLarge Cap Stockholm
SektorFinans
IndustriBank
Arion Bank bedriver bankverksamhet. Banken erbjuder finansiella tjänster inriktade mot lån, sparande och pension. Olika tjänster inkluderart traditionell kapitalförvaltning, lånefinansiering, samt fakturerings – och valutatjänster. En stor del av tjänsterna nås via internetbanken, där kunderna återfinns både bland privat- och företagskunder på den isländska marknaden. Huvudkontoret ligger i Reykjavik.
2022-05-04 18:27:00
  • Arion Bank reports net earnings of ISK 5,818m in Q1 2022, compared with ISK 6,039m in Q1 2021
  • Return on equity in Q1 was 12.7%, compared with 12.5% in Q1 2021
  • Net interest margin of 3.1%, compared with 2.7% in Q1 2021
  • Core income increased by 15.9%, compared with Q1 2021
  • Cost-to-income ratio in Q1 was 42.7%, compared with 46.2% in Q1 2021
  • Dividend payment and share buy-backs amounted to ISK 26.8bn during Q1 2022
  • The Bank’s total capital ratio was 22.9% and the CET1 ratio was 19.1% on 31 March 2022
  • The agreement on the sale of Valitor has been extended to 1 June 2022. Due to the delays in completing the transaction Rapyd has paid Arion Bank an additional $10m, recognized at closing

Arion Bank reported net earnings of ISK 5,818m in the first quarter with 12.7% return on equity.

Total assets amounted to ISK 1,341bn at the end of the period, compared with ISK 1,314bn at the end of 2021. Loans to customers increased by 4.3% from year-end 2021. The increase is primarily in corporate lending, or an 8% increase from year-end 2021. Total equity amounted to ISK 173bn at period end. Total equity decreased due to a capital release of ISK 26.8bn which was partly offset by net earnings for the period.

The Bank’s total capital adequacy ratio was 22.9% and the CET1 ratio was 19.1% at the end of March. The ratios are determined on the basis of the unaudited net earnings in the quarter, with a deduction of 50% of net earnings as foreseeable dividends in line with the Bank’s dividend policy. The Group's capital ratio, as calculated under the Financial Undertakings Act No. 161/2002, was 22.5% and the CET1 ratio was 18.8%. The Bank’s capital ratios comfortably exceed the requirements set by law and the Financial Supervisory Authority of the Central Bank.

Benedikt Gíslason, CEO of Arion Bank
“Arion Bank’s financial results in the first quarter were excellent and in line with our medium-term financial targets. There was solid growth in the Bank’s core revenues, not least in interest income which was up 9% between quarters. We can clearly feel that the Icelandic economy is rebounding strongly and we have numerous exciting projects in the pipeline. Loan growth, particularly on the corporate side, was excellent during the quarter. We continue to consolidate our position as a financial intermediary. Over the last two years Arion Bank has made corporate loans amounting to ISK 36 billion which have then been sold to institutional investors, such as pension funds. This gives us a greater capacity to grow our corporate lending and helps diversify the asset portfolios of the pensions funds. It has also been pleasing to see an upswing in the Bank’s activities in the Arctic region between years, which have grown by 87%. We are targeting further growth in this area, placing a special focus on sectors where we have developed expertise and experience in the last few years.

Insurance premiums at Vörður have grown strongly, but the company’s financial results bear testament to the fact that the winter was unusually harsh, leading to a surge in the number of claims. The partnership between Arion Bank and Vörður continues to go from strength to strength. Our goal is to grow vigorously on the insurance market and to further enhance the services we provide to our customers. The Arion app is one of the most effective service channels available on the Icelandic market today and makes it easy for customers of both companies to view information on their accounts, savings, loans, pensions and insurance in one place, enabling them to take care of all their business simply and conveniently.

The AGM of Arion Bank in March approved the payment of a dividend of ISK 22.5 billion. The Bank also purchased own shares amounting to ISK 4.3 billion during the first quarter. After taking these transactions into account, CET1 ratio was 19.1% at the end of the quarter, above our target figure of 17%. The Bank remains well capitalized and has robust liquidity and capital positions. We are in prime position to continue to support our customers and the Icelandic economy.”

Investor meeting / webcast in English on 5 May at 10:30 CET (8:30 GMT)
Arion Bank will be hosting a meeting / webcast at the Bank’s headquarters in Borgartún 19, Reykjavík, on Thursday 5 May at 10:30 CET (8:30 GMT) where CEO Benedikt Gíslason and CFO Ólafur Hrafn Höskuldsson will present the results and Chief Economist Erna Björg Sverrisdóttir will give an update on the economic environment. The meeting will take place in English and will be streamed live.

The webcast will be accessible live on financialhearings.com and a link is also available on the Bank’s website under Investor Relations.

Participants attending virtually will be able to ask questions during the meeting through a message board, located below the video feed. Answers will be provided by presenters at the end of the webcast.

Financial calendar
Arion Bank’s financial calendar is available on the Bank’s website.

Forward-looking statements
This release contains forward-looking statements that reflect management’s current views with respect to certain future events and potential financial performance. The information in the release is based on company data available at the time of the release. Although Arion Bank believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of various factors. The most important factors that may cause such a difference for Arion Bank include, but are not limited to: a) the macroeconomic development, b) change in inflation, interest rate and foreign exchange rate levels, c) change in the competitive environment and d) change in the regulatory environment and other government actions. This release does not imply that Arion Bank has undertaken to revise any forward-looking statements, beyond what is required by applicable law or applicable stock exchange regulations if and when circumstances arise that will lead to changes after the date when this release was made. Arion Bank assumes no responsibility or liability for any reliance on any of the information contained herein. It is prohibited to distribute or publish any information in this release without Arion Bank’s prior written consent.