Net earnings
ISK 30.6
billion
Arion Bank has published its 2025 Annual and Sustainability Report. The Bank’s annual financial statement for 2025 was published on 11 February.
Arion Bank’s Annual and Sustainability Report contains an overview of the performance of Arion Group in 2025, its main areas of operations, key financials and in-depth coverage of sustainability.
Paul Richard Horner and Benedikt Gíslason
“Leading companies must be forward looking and ready to adapt”
The year 2025 was positive for the Arion Group. The business performed well despite various external challenges. There was strong growth across almost all areas, and various innovations were introduced during the year, most notably a new rewards programme for individuals – Arion Rewards. This represents an important milestone in ensuring that customers of the Arion Group enjoy the benefits of a diverse service offering.
In the 2025 Annual and Sustainability Report we talk to CEO Benedikt Gislason and Board Chairman Paul Horner and we revisit the key projects of 2025 and look ahead to the Group’s next tasks.
A good year behind us
Arion Group has set itself clear financial targets which are released publicly. Arion performed well in key respects in 2025, and the Bank reached its target of return on equity above 13%. In addition, the Bank, its divisions, subsidiaries and the Group’s employees operate in line with a diverse set of targets. Many of them are integral to the companies’ incentive schemes, and the employees can monitor how these targets develop throughout the year.
Assets under management and service of the Group
ISK 1,989
billion
Operating income
ISK 78.4
billion
Sustainable loans
12.9%
of the Bank’s total loans
Insurance revenue of Vörður
ISK 20.8
billion
Result of pay equity analysis
0.4%
unexplained gender pay gap
Loans to customers
ISK 1,329
billion
Return on equity
14.9%
FTEs
901
Assets under management at Stefnir
ISK 379
billion
Comprehensive sustainability reporting
The 2025 Annual and Sustainability Report contains information on human resources, environment and climate issues, financed emissions, sustainable finance and sustainable accounts in accordance with GRI Standards and the Nasdaq ESG Reporting Guide. The Bank has begun to implement the European Sustainability Reporting Standards (ESRS) and the reporting in accordance with ESRS applies to the whole Group.
Sustainability legislation incorporating the EU Taxonomy came into effect in Iceland in 2023. Information disclosed in accordance with the EU Taxonomy is published in an annex to the consolidated financial statements.
Pillar 3 Risk Disclosures
Arion Bank’s Pillar 3 Risk Disclosures describe in detail the main risk factors in the Bank’s operations and they contain comprehensive information on the Bank’s risk management and capital management strategies. They also contain information on the Bank’s governance structure with respect to risk and the remuneration policy. The report is published in accordance with the European Banking Authority’s templates and should be read in conjunction them.
Arion Bank - Pillar 3 Risk Disclosures 2025
Reports published by Arion Bank for 2025
Annual and Sustainability Report 2025
Pillar 3 Risk Disclosures 2025
Annual Financial Statements 2025