Ari­on Bank hf.: Moo­dy’s affirms Ari­on Bank’s long term issu­er rat­ings with a stable outlook follow­ing that the mer­ger between Ari­on Banka and Kvika will not proceed

Arion Bank will publish its Q1 2026 financial results on Wednesday 6 May, after the close of markets.

Moody’s Ratings affirmed Arion Bank‘s A2 long-term and P-1 short-term foreign and local currency deposit ratings, the A3 long-term foreign and local currency issuer ratings and A3 senior unsecured rating with stable outlooks on the long-term ratings.

The preliminary discussions between Kvika banki hf. and Arion banki hf. with the Competition Authority regarding the proposed merger have now concluded. Representatives of Kvika banki and Arion banki met with representatives of the Competition Authority today, during which the authority presented its position following the completion of the preliminary discussions process.