Ida Brá Benediktsdóttir has been appointed managing director of Retail Banking at Arion Bank. She will take up the position on 1 July. Ida Brá has been on the executive committee of Arion Bank since February 2016, when she became managing director of Investment Banking. She takes over the position from Helgi Bjarnason who recently left the Bank.
Freyr Thórdarson, managing director of Corporate Banking, will temporarily also take on the role of managing director of Investment Banking.
Ida Brá has a BSc in business administration from the University of Iceland. She also has an MSc in finance from the Erasmus Graduate School of Business in the Netherlands and is a certified stockbroker. Ida Brá has been at Arion Bank and its predecessors since 1999 when she joined the Bank’s Research division. In this time she has held various positions at the Bank, including head of Communications, Private Banking and Treasury Ida Brá has been a director on the boards of several companies, including the savings banks Sparisjódur Ólafsfjardar and AFL, the real estate company Landfestar and the fisheries company HB Grandi hf.
About Retail Banking
Retail Banking provides quality financial services to individuals, small and medium-sized companies. Retail Banking operates 24 branches and a call centre and places a strong focus on digital services, which include Arion Online Bank and the Arion app. The division has approximately 350 employees.
At the weekend Landsbankinn will be introducing a new computer system. Work will start on the afternoon of Friday 17 November and is expected to be completed on Monday 20 November. While the system is...
Arion Bank reported net earnings of ISK 10.4 billion for the first nine months of 2017, compared with ISK 17.3 billion for the same period of 2016. Return on equity was 6.3%, compared with 11.2% for...
Standard & Poor’s has upgraded Arion Bank’s long term credit rating from BBB to BBB+ with a stable outlook. The Bank’s short term credit rating remains A-2.