13.03.2026

Arion Bank is once again offering non indexed mortgages with variable interest rates. Customers now have three main options when taking out a new mortgage.

11.03.2026

In recent years, there has been a significant increase in online fraud and it now represents one of the major security challenges faced by Icelandic consumers. The majority of adults in Iceland have...

18.02.2026

Arion Bank has published its Annual and Sustainability Report and Pillar 3 Risk Disclosures for 2025. The reports are available on the Bank’s website. The Annual Financial Statements for 2025 were...

11.02.2026

Arion Bank’s return on equity was 11.6% in the fourth quarter of 2025 and 14.9% for the full year 2025. Investor meeting and webcast in English on 12 February at 9:30 CET (8:30 GMT).

10.02.2026

The marine industry in Iceland, as well as in Greenland and the Faroe Islands - autonomous territories within the Kingdom of Denmark, will be eligible for financing to strengthen environmental...

30.01.2026

A new and exciting residential area at Blikastaðaland is now in its first detailed planning phase.

20.01.2026

In the spring of 2026, Arion Bank and Vörður will open a new branch in Reykjanesbær. Vörður’s current business in Reykjanesbær will move into shared premises with Arion Bank, located in the commercial...

10.01.2026

Yesterday, the Municipality of Mosfellsbær and Blikastaðaland ehf., which is owned by Arion Bank hf., signed an agreement on the development of Blikastaðaland in Mosfellsbær. Under the new agreement...

19.12.2025

Our branches and customer service centre will be closed on Christmas Eve, Christmas Day, Boxing Day, New Year’s Eve and New Year’s Day. On other days between Christmas and New Year, we will be open...

18.12.2025

Following a decision by the Central Bank of Iceland, 31 December will no longer be a banking day. This change affects companies, institutions, and others who issue claims, pay salaries, and carry out...

11.12.2025

Arion Bank has received an outstanding rating in Reitun’s ESG risk assessment and is classified in category A3. This is the sixth consecutive year that Reitun has rated the bank among the leading...

11.11.2025

In recent weeks, Arion Bank has reviewed the terms of its mortgages due to the uncertainty that arose in the housing loan market following the Supreme Court's judgment in a case against Íslandsbanki. ...

29.10.2025

The Bank has performed well in the third quarter, and we have achieved all our key financial targets. Despite high interest rates the economy has been ticking along nicely, and our operations clearly...

22.10.2025

Arion Bank has published a report containing its updated climate targets for the period until 2030 and details of its efforts towards reaching the goal of net zero.

21.10.2025

The Supreme Court recently pronounced judgment in a case brought against Íslandsbanki, where the terms of a non-indexed loan, specifically those allowing for interest rate changes, were partially...

10.10.2025

Arion Bank has published a detailed report on the state of the Icelandic fisheries sector.

06.10.2025

According to Arion Bank’s new economic forecast, the economy will set sail again after contracting last year.

29.09.2025

As the airline Play has ceased trading, Arion Bank wishes to point out that the general rule is that cardholders of Visa payment cards (both debit and credit cards) have the right to claim a refund...

30.07.2025

Earnings for the second quarter were good and exceeded our expectations. These solid financial results build on a range of factors, but the fact that virtually all the diverse businesses comprising...

28.07.2025

The financial publication Euromoney has named Arion as Iceland’s bank of the year for 2025, the second year in a row the Bank has won this award. In explaining its decision, Euromoney noted that Arion...

20.06.2025

Arion Bank has published an Impact and Allocation Report on green financing at Arion Bank for 2024. The report contains an overview of allocation to projects which meet the requirements on green...

07.05.2025

Arion Bank’s financial results for the first quarter are in line with our targets despite certain challenges in the external environment.

19.02.2025

Arion Bank has published its Annual and Sustainability Report and Pillar 3 Risk Disclosures for 2024. The reports are available on the Bank’s website. The Annual Financial Statements for 2024 were...

12.02.2025

Arion Bank reports net earnings of ISK 26.1bn in 2024, compared with ISK 25.7bn in 2023.

02.01.2025

Arion Bank achieved the highest combined total turnover among market participants on Nasdaq Iceland in 2024.

30.10.2024

Financial highlights for the third quarter 2024.

24.09.2024

The European Investment Fund (EIF) has signed a guarantee agreement with Icelandic bank Arion Bank to support Icelandic small entrepreneurs.

04.09.2024

Due to maintenance work, it will not be possible to buy new products, request new services or apply for loans in Online Banking or the Arion App from 18:00 to 22:00 on 4 September. It will also not be...

28.08.2024

On 23 August Arion Bank, Vörður and Stefnir were recognised again for their excellent corporate governance and were therefore named as Model companies in corporate governance.

23.08.2024

Arion Bank has published its Sustainability Financing Framework which applies to the Bank’s financing, deposits and loans which are classed as environmentally and/or socially sustainable.

25.07.2024

Financial highlights for the second quarter 2024.

23.07.2024

The financial publication Euromoney has named Arion Bank as Iceland’s bank of the year for 2024 and the best digital bank in Iceland.

30.04.2024

Arion Bank reports net earnings of ISK 4,432m in Q1 2024, compared with ISK 6,291m in Q1 2023. Return on equity was 9.1%, compared with 13.7% in Q1 2023.

25.04.2024

Arion Bank has published an Impact and Allocation Report for the Bank’s green financing for 2023. The report details the status of allocated funds which have been raised through green bond issues and...

14.02.2024

Arion Bank has published its Annual and Sustainability Report and Pillar 3 Risk Disclosures for 2023. The reports are in digital format and are available on the Bank’s website. The Annual Financial...

07.02.2024

Arion Group posted solid financial results for 2023 which were in line with our targets. For the third year in succession, we reached all our key financial targets. Our unique and diverse service...

05.02.2024

Arion Bank is introducing a new organizational chart which comes into effect today. The main change is that Customer Experience will no longer be one of the Bank’s support units, meaning that the...

30.01.2024

Steinunn Hlíf Sigurðardóttir, managing director of Customer Experience at Arion Bank, has reached an agreement to leave the Bank after having been in the position and a member of the Bank’s executive...

24.01.2024

Arion Bank recently gained an updated ESG risk rating from the international ratings agency Morningstar Sustainalytics, which specializes in rating ESG risk.

04.01.2024

Arion Bank has pledged to follow the methodology of the Science Based Targets initiative (SBTi) when setting emission reduction targets in the Bank’s lending activities and investments.

20.12.2023

Arion Bank has achieved the score “outstanding” in Reitun’s ESG rating, placing it in category A3. The rating is based on the Bank’s performance in environmental, social and governance (ESG) issues in...

11.12.2023

The CEO of Arion Bank, Benedikt Gíslason, has recently signed a CEO Statement with the CEOs of almost 80 Nordic signatories to the Global Compact expressing their support for the UN Global Compact's...

01.12.2023

On 8 November 2023, BBA//Fjeldco and Arion Bank hosted a conference in London centered around future opportunities in the Arctic region, titled "Investment Opportunities in the Arctic."

26.10.2023

Arion Bank reported net earnings of ISK 6,131m in the third quarter of 2023 and ISK 19,513m during the first nine months of the year. Return on equity was 12.9% for the quarter and 13.9% for the first...

23.10.2023

Around 60% of Arion Bank’s employees are women and many of them will go on strike tomorrow, Tuesday 24 October.

26.09.2023

Arion Bank is introducing a new organizational chart which comes into effect today. A new division, Operations and Culture, has been created and it will take over a range of projects which were...

13.09.2023

Arion Bank has been a member of Festa – Center for Sustainability for many years and is one of the companies classed as a core company. Core companies are committed to supporting the activities of...

23.08.2023

On 22 August Arion Bank, Vörður and Stefnir were recognised for their excellent corporate governance and were named as Model companies in corporate governance.

26.07.2023

Arion Bank reported net earnings of ISK 7,091m in the second quarter of 2023 and ISK 13,382m during the first six months of the year. Return on equity was 15.5% for the quarter and 14.5% for the first...

04.06.2023

The public offering of Hampiðjan hf. ended at 14:00 GMT on 2 June. A total of around 3,700 subscriptions were received for a total consideration of ISK 32.3 billion, which corresponds to over...

24.05.2023

Hampiðjan, a world leader in developing and servicing products for the fisheries, aquaculture and offshore industries, has published a Prospectus in relation to a public offering and listing on the...

04.05.2023

Arion Bank reported net earnings of ISK 6,291m in the first quarter of 2023 with 13.7% return on equity. Total assets amounted to ISK 1,501bn at the end of March, compared with ISK 1,470bn at the end...

27.04.2023

Arion Bank has published its second impact and allocation report in connection with its Green Financing Framework.

28.02.2023

Arion Bank recently signed an agreement with the US company Aspiration on the acquisition of verified carbon credits. The transaction was made through Seven Glaciers in Iceland and involves the...

15.02.2023

Björn Björnsson has been appointed managing director of Information Technology at Arion Bank and will take up the position on 6 March 2023.

15.02.2023

Arion Bank has published its Annual and Sustainability Report and Pillar 3 Risk Disclosures for 2022. The reports are in digital format and are therefore available on the Bank’s website.

08.02.2023

Arion Bank reported net earnings of ISK 5,023m in the fourth quarter and ISK 25,416m for the year. Return on equity was 10.7% for the quarter and 13.7% for the year.

23.12.2022

Arion Bank has achieved the score “outstanding” in Reitun’s ESG rating, scoring 90 out of 100 possible points and placing it in category A3. The rating is based on the Bank’s performance in...

22.12.2022

One of Arion Bank’s sustainability targets for the year 2022 was to assess and disclose the financed emissions associated with the Bank’s loans and investments for the year 2021.

13.12.2022

Guðbjörg Heiða Guðmundsdóttir has been appointed CEO of Vörður. Guðbjörg has been at Marel since 2011, most recently as executive vice president for fish and location manager for Marel Iceland.

02.12.2022

The Banker magazine, a leading global finance news publication published by the Financial Times, has named Arion Bank the Bank of the Year in Iceland for 2022.

01.12.2022

Arion Bank and PCC have broken off formal talks on the potential acquisition by PCC of the silicon plant at Helguvík in south-west Iceland. At the same time Arion Bank has terminated its electric...

24.11.2022

Styrmir Sigurjónsson, managing director of Information Technology, has decided to leave Arion Bank.

26.10.2022

Arion Bank reported net earnings of ISK 4,863m in the third quarter and ISK 20,393m during the first nine months of the year. Return on equity was 10.5% for the quarter and 14.8% for the first nine...

01.09.2022

Arion Bank, Vörður and Stefnir have been recognized once again as companies which have achieved excellence in corporate governance following a formal assessment based on guidelines on corporate...

27.07.2022

Arion Bank reported net earnings of ISK 9,712m in the second quarter and 21.8% return on equity.

27.07.2022

In July 2022 Arion Bank received the result of an ESG Risk Rating by the ESG ratings company Sustainalytics, a global leader in ESG research and data.

05.07.2022

Anna Sif Jónsdóttir has been appointed by the Board of Directors of Arion Bank as the Bank’s Internal Auditor and will start work this autumn.

23.05.2022

With the approval of the Icelandic Competition Authority an important milestone has been reached in obtaining regulatory approval for Rapyd’s acquisition of Valitor,

04.05.2022

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

08.04.2022

Ásgeir H. Reykfjörð Gylfason has decided to leave Arion Bank and pursue other opportunities after having served as Deputy CEO and managing director of Corporate & Investment Banking since 2019.

16.02.2022

Arion Bank has published its Annual and Sustainability Report and Pillar 3 Risk Disclosures for 2021.

09.02.2022

Arion Bank reported net earnings of ISK 6,522m in the fourth quarter and ISK 28,615m during the year. Return on equity was 13.4% for the quarter and 14.7% for the year.

14.01.2022

The private equity fund VEX and co-investors recently reached an agreement on the acquisition of up to a 50% share in the software company Annata, and the transaction will be completed at the...

29.12.2021

Icelandic business media Viðskiptablaðið / Frjáls verslun today announced that Arion Bank and CEO Benedikt Gíslason are the recipients of its 2021 business awards.

21.12.2021

On 16 December 2021 Arion Bank completed an offering of green bonds in a new series ARION 26 1222 GB in the amount of ISK 3,640 million.

20.12.2021

In 2020 Arion Bank announced the launch of a new green deposit account, called Green Deposits, the first Icelandic bank to offer such an account.

06.12.2021

The Banker magazine, a leading global finance news publication published by the Financial Times, has named Arion Bank as the Bank of the Year in Iceland for 2021.

02.12.2021

Arion Bank has achieved an outstanding score in Reitun’s ESG rating. The Bank gained the highest score, a feat achieved by only one other issuer, or 90 points out of a possible 100 and is placed in...

16.11.2021

Arion Bank has recently joined the Partnership for Carbon Accounting Financials (PCAF), a global partnership of financial institutions that work together to develop and implement a harmonized approach...

27.10.2021

Arion Bank reported net earnings of ISK 8,238 million in the third quarter with 17.0% return on equity. Return on equity, assuming 17% CET1 ratio, was 21.8% for the quarter.

15.10.2021

Arion Bank and Vörður have recently received the FKA Equality Scale Award. A total of 38 companies, seven local authorities and 8 public sector bodies were recognized this year and also received the...

06.10.2021

For many years Arion Bank has placed great importance on equality in all areas of its business. The main emphasis in recent years has been on ensuring that people are paid equal salaries for equally...

06.09.2021

Changes in the executive committee and organization of Arion Bank are taking effect today. Two new managing directors are joining the Bank’s executive committee and a new division, Customer...

25.08.2021

On Friday Arion Bank, Vörður and Stefnir were recognised as companies which had excelled in terms of corporate governance.

28.07.2021

Arion Bank reported net earnings of ISK 7,816 million in the second quarter with 16.3% return on equity. Return on equity, assuming 17% CET1 ratio, was 21.3% for the quarter.

07.07.2021

On Wednesday 7 July, Arion Bank issued a new 4 year senior unsecured green bond for a total of €300 million. This was the first green bond from Arion Bank.

02.07.2021

Arion Bank has published a Green Financing Framework which applies to the Bank’s funding and lending activities.

01.07.2021

Rapyd Agrees to Acquire Valitor for USD 100 million

30.06.2021

Today, 30 June 2021 at 16:00, the public offering of new shares in Solid Clouds hf. was successfully closed with a total demand of ISK 2.8bn from just under 2,700 investors, resulting in multiple...

25.06.2021

A very successful share offering by Play finished today, Friday 25 June 2021, at 16.00.

14.06.2021

The subscription period for the share offerings of Fly Play hf. will commence at 10:00 GMT, Thursday 24 June 2021 and end at 16:00 GMT, Friday 25 June 2021.

05.05.2021

Arion Bank reported net earnings of ISK 6,039 million in the first quarter with 12.5% return on equity. Return on equity, assuming 17% CET1 ratio, was 16.0% for the quarter.

29.04.2021

According to Arion Bank’s Environment and Climate Policy the Bank requires its suppliers to take into account the environmental and climate impact of their activities.

19.04.2021

We thank you for your patience and understanding over the weekend when our services were disrupted due to the launch of a new payment and deposits system.

16.04.2021

In 2020 Arion Bank announced the launch of a new green deposit account, called Green Deposits, the first Icelandic bank to offer such an account.

17.02.2021

Arion Bank has published its Annual and Sustainability Report and Pillar 3 Risk Disclosures for 2020.

10.02.2021

Arion Bank reported net earnings of ISK 8,110 million from continuing operations in the fourth quarter and ISK 16,747 million from continuing operations during the year.

27.11.2020

Frumtak, a venture capital and private equity fund in Iceland, with LPs who include The Business Venture Fund, several pension funds and banks, has sold 11.33% of its ownership in Controlant, an...

06.11.2020

Arion Bank had the highest market share on Nasdaq Iceland in October, both in equities and bonds. according to Nasdaq Iceland.

28.10.2020

Arion Bank reported net earnings of ISK 4,961 million from continuing operations in the third quarter and ISK 8,637 million from continuing operations during the first nine months of the year.

13.10.2020

Arion Bank has achieved outstanding results in Reitun’s ESG rating, scoring 86 points out of a possible 100 and placing it in category A3.

04.10.2020

The welfare of our customers and employees is of the greatest importance to us. Due to COVID-19 we will be closing our branches to visitors from tomorrow, 5 October, unless people already have...

28.09.2020

Arion Bank, its subsidiaries Stefnir and Vörður and a number of other companies in the financial sector have today signed a declaration of intent on investment for a sustainable recovery.

28.08.2020

Arion Bank and its subsidiaries Stefnir and Valitor were among 17 companies to be recognized on Friday for good corporate governance and named "model companies in good governance”.

29.07.2020

Arion Bank reported net earnings of ISK 4,958 million from continuing operations in the second quarter and ISK 3,676 million from continuing operations during the first six months of the year.

17.07.2020

The Financial Supervisory Authority of the Central Bank of Iceland (FME) has decided to impose an administrative fine on Arion Bank of ISK 87.7 million due to the Bank´s breach of obligation to...

23.06.2020

Customers of Arion Bank can now invest their savings in a sustainable bank account called Green Deposits. It represents a completely new type of account in Iceland. All our customers, from retail to...

16.06.2020

​The flexibility of Arion Bank's services has certainly been put to the test in the last couple of months. At the height of the pandemic approximately 80% of Arion Bank employees were working from...

25.05.2020

Úlfar Freyr Stefánsson has been appointed Chief Risk Officer of Arion Bank. Úlfar is taking over from Gísli S. Óttarsson who will be leaving the Bank after having been Chief Risk Officer and a member...

13.05.2020

A notice announcing the extended AGM was published on 17 April, and shareholders who wish to participate in the meeting need to submit their requests to access the meeting by 4:00 p.m. (GMT) today, 13...

11.05.2020

All general corporate services at Arion Bank in the Reykjavík area will be brought together in a single location with the aim of enhancing services to our corporate customers.

10.05.2020

The opening hours of Arion Bank branches from 12 May onwards are as follows.

06.05.2020

Covid-19 had a substantial effect on the Icelandic economy and Arion Bank during the last month of the first quarter of 2020.

25.03.2020

The welfare of our customers and employees is of the greatest importance to us. Due to Covid-19 we will be closing our branches to visitors from tomorrow, 26 March, unless people already have...

17.03.2020

The 2020 Annual General Meeting of Arion Bank was held today, Tuesday 17 March, at the Bank's headquarters in Borgartún, Reykjavík.

16.03.2020

As a precaution, only three of the Bank‘s five branches in the Reykjavík area will remain open at any one time.

16.03.2020

Out of concerns for safety in the current circumstances we encourage our customers to use the Bank’s digital channels such as the app and online banking.

16.03.2020

Various precautionary measures have been taken to hinder the spread of the coronavirus, COVID-19.

13.03.2020

Arion Bank is accommodating retail customers who are likely to experience difficulties in making mortgage repayments due to Covid-19.

26.02.2020

Nordic Visitor hf. reached an agreement to acquire the tour operator Terra Nova Sól hf. on 19 December 2019. Terra Nova Sól was part of TravelCo, which was established following the collapse of...

19.02.2020

Arion Bank has published its Annual and Sustainability Report and Pillar 3 Risk Disclosures for 2019. The reports are in digital format and are available on the Bank’s website.

12.02.2020

Arion Bank reported negative net earnings of ISK 2,775 million for the fourth quarter of 2019 as impairment of assets and operational difficulties at subsidiaries held for sale negatively affected the...

14.01.2020

Arion Bank has adopted a new environment and climate policy. The policy notes that banks have a key role to play in financing progress and that Arion Bank wishes to be a force for the good.

17.12.2019

The Financial Supervisory Authority (FME) informed Arion Bank in April 2018 that it was looking into the Bank’s handling of conflicts of interest in respect of the Bank’s role in the financing of the...

28.11.2019

From 1 December 2019 Arion Bank will no longer be accepting 500 euro notes.

06.11.2019

At the end of September, Benedikt Gíslason, CEO of Arion Bank, signed the new Principles for Responsible Banking which were formally launched during the UN General Assembly in New York.

06.11.2019

Allbright in Sweden has published its report on gender equality at the 333 companies listed on the Swedish stock market. Arion Bank is in 25th place this year, compared with 17th place last year.

30.10.2019

Arion Bank reported net earnings of ISK 0.8 billion for the third quarter of 2019, compared with ISK 1.1 billion for the same period of 2018. Return on equity was 1.6% for the third quarter of 2019...

26.09.2019

At a meeting this morning the Board of Directors of Arion Bank approved a new organizational structure for the Bank which will come into effect today.

12.09.2019

Rakel Óttarsdóttir, Managing Director of Information Technology, has decided to leave Arion Bank. Rakel has been a member of the Bank’s Executive Committee since 2011 when she was appointed Managing...

09.09.2019

Jónína S. Lárusdóttir, Managing Director of Arion Bank’s Legal division has decided to leave the Bank.

13.08.2019

At a shareholders’ meeting of Arion Bank held on Friday 9 Paul Richard Horner and Gunnar Sturluson were elected as new members of the Board of Directors.

09.08.2019

A shareholders’ meeting was held on Friday 9 August 2019 at 16:00 Icelandic time at Borgartún 19, 105 Reykjavík.

08.08.2019

Arion Bank reported net earnings of ISK 2.1 billion for the second quarter of 2019, compared with ISK 3.1 billion for the same period of 2018.

15.07.2019

A shareholders’ meeting of Arion bank hf. will be held at the bank’s headquarters at Borgartun 19, 105 Reykjavik, at 16.00 Icelandic time on 9 August 2019. The meeting will be conducted in Icelandic...

08.07.2019

​Ásgeir Helgi Reykfjörð Gylfason has been appointed Deputy CEO at Arion Bank and he will take up the position in the autumn. This is a new position in the bank.​

01.07.2019

Arion Bank and Kolviður have reached an agreement on offsetting the carbon emissions produced by the Bank's activities. Kolviður will fix the carbon in plants and soil through soil reclamation and...

25.06.2019

The Board of Directors of Arion Bank has appointed Benedikt Gíslason as the Bank's new CEO and he will take up the position on 1 July. Benedikt has acquired extensive experience of the Icelandic...

08.05.2019

Arion Bank reported net earnings of ISK 1.0 billion for the first quarter of 2019, compared with ISK 1.9 billion for the same period of 2018.

08.05.2019

Arion Bank customers with Visa debit and credit cards can now use Apple Pay to buy goods and services.

30.04.2019

Arion Bank recently signed a statement that it would endorse and adopt the UNEP FI Principles for Responsible Banking, which enable a bank to operate in harmony with society and the environment.

23.04.2019

The Board of Directors of Arion Bank has begun the process of hiring a new chief executive officer. The Board of Directors has appointed Stefán Pétursson, CFO of Arion Bank, as interim CEO of the...

12.04.2019

​Höskuldur H. Ólafsson has resigned as CEO of Arion Bank. The Board of Directors and Höskuldur have reached an agreement whereby he will continue as CEO until the end of this month.​

12.04.2019

​The Center for Corporate Governance at the University of Iceland yesterday recognized Arion Bank for excellence in corporate governance.

20.03.2019

The 2019 Annual General Meeting of Arion Bank was held today, Wednesday 20 March, at the Bank’s headquarters in Borgartún, Reykjavík. The agenda of the meeting contained standard AGM business and the...

20.02.2019

Arion Bank has published its Annual Report and Pillar 3 Risk Disclosures for 2018. The reports are in digital format and are therefore only available on the Bank’s website. The Annual Financial...

13.02.2019

Arion Bank reported net earnings of ISK 1.6 billion for the fourth quarter of 2018, compared with ISK 4.1 billion for the same period of 2017.

18.01.2019

RB and Arion Bank signed an agreement today on implementing the Bank's new core banking system. The deal concerns a system from Sopra Banking Software and solutions from RB which are used across the...

17.12.2018

Arion Bank received awards in two categories at the Banking Technology Awards which was held for the 19th time 13 December.

27.11.2018

Sigríður Guðmundsdóttir has been hired by the Board of Directors of Arion Bank as the Bank’s Internal Auditor and will start work early in the new year.

15.11.2018

Arion Bank has engaged Citi to advise on a potential change of ownership in Arion Bank’s subsidiary Valitor (the “Company”), which could include the divestment of all the shares or the majority of the...

15.11.2018

Arion Bank has today concluded an inaugural Tier 2 issuance totaling 500 million Swedish krona. The bonds have a 10NC5 structure which is callable in November 2023 with final maturity in November...

31.10.2018

Arion Bank reported net earnings of ISK 1.1 billion for the third quarter of 2018, compared with a loss of ISK 0.1 billion for the same period of 2017. Return on equity was 2.3% for the third quarter...

25.10.2018

Rúnar Magni Jónsson has been appointed managing director of Corporate Banking at Arion Bank. Rúnar Magni has been at the Bank and its predecessors for 15 years, mainly in Corporate Banking.

19.10.2018

Arion Bank has become the first Icelandic bank to receive permission to use the Ministry of Welfare’s equal pay symbol after the Bank was awarded certification by the standards organization BSI á...

19.10.2018

The recent meeting Let’s talk about pension funds hosted by Arion Bank and Vera Center at Kringlan created lively debate and discussion.

05.09.2018

Here are the results from the Arion Bank shareholders' meeting, which took place at the Bank's headquarters at Borgartún 19, Reykjavík, at 16:00 GMT, 5 September:

05.09.2018

At a shareholders’ meeting of Arion Bank held on Wednesday 5 September Benedikt Gíslason was elected as a new director to the Board of Directors.

05.09.2018

John Madden, a managing director at Kaupthing, has today resigned from the Board of Directors of Arion Bank. The Bank is holding an extraordinary shareholders’ meeting later today and one of the items...

14.08.2018

A shareholders’ meeting of Arion bank hf. will be held at the bank’s headquarters at Borgartun 19, 105 Reykjavik, at 16.00 Icelandic time on 5 September 2018.

02.08.2018

Arion Bank was listed on Nasdaq Iceland and Nasdaq Stockholm on 15 June 2018 following an initial public offering of 28.7% of shares in the Bank.

26.07.2018

Arion Bank will publish its financial results for the first six months of 2018 on Thursday 2 August, after markets have closed.

17.07.2018

​Standard & Poor’s has confirmed Arion Bank’s long term credit rating BBB+ with a stable outlook.

15.06.2018

Shares in Arion Bank began trading on Nasdaq Iceland at 9:30 a.m. this morning. At the same time SDR (Swedish Depository Receipts) began trading on Nasdaq Stockholm.

31.05.2018

Arion Banki hf., a leading Icelandic universal relationship bank, has today published its prospectus and set the price range for the Bank’s IPO. For further information go to Arion Bank’s website...

17.05.2018

Arion Banki hf., a leading Icelandic universal relationship bank, today announces its intention to launch an initial public offering and listing of its shares on Nasdaq Iceland and Swedish Depository...

11.05.2018

Arion Bank received an award yesterday from the Retail Banker magazine for the Most Disruptive Innovation of the Year. The award was given for the Bank’s digital mortgages.

02.05.2018

Arion Bank reported net earnings of ISK 1.9 billion for the first three months of 2018, compared with ISK 3.4 billion for the same period of 2017. Return on equity was 3.6%, compared with 6.3% for the...

15.03.2018

The 2018 Annual General Meeting of Arion Bank was held today, Thursday 15 March, at the Bank's headquarters in Borgartún, Reykjavík. The agenda of the meeting contained standard AGM business and the...

13.03.2018

On Tuesday 13 March, Arion Bank issued new 5 year senior unsecured bonds for a total of €300 million. The bond issue was oversubscribed, orders were received from over 40 investors with total demand...

01.03.2018

Arion Bank has published its Annual Report and Pillar 3 Risk Disclosures for 2017. The reports are in digital format and are therefore only available on the Bank’s website. The Annual Financial...

26.02.2018

The transactions with shares in Arion Bank announced the week before last have been completed. Kaupskil ehf. has acquired the government’s 13% stake in Arion Bank and the government is therefore no...

23.02.2018

An agreement has been reached between the administrator of the bankruptcy estate of United Silicon and Arion Bank, whereby the Bank will foreclose on its collateral and acquire all the company’s main...

15.02.2018

Arion Bank hf. has agreed to a buyback of 9.5% of issued share capital in Arion Bank from Kaupskil ehf, a subsidiary of Kaupthing ehf.

14.02.2018

Arion Bank reported net earnings of ISK 14.4 billion in 2017, compared with ISK 21.7 billion in 2016. Return on equity was 6.6%, compared with 10.5% in 2016.

14.02.2018

Arion Bank hf. (“Arion Bank”) and Kaupthing ehf. (“Kaupthing”) announce today the results of a private placement of shares in Arion Bank owned via Kaupthing’s wholly-owned subsidiary, Kaupskil ehf.

12.02.2018

At a shareholders‘ meeting of Arion Bank which took place today 12 February 2018, it was resolved to amend the Bank‘s articles of association by inserting a temporary authority for the Bank‘s Board of...

01.12.2017

At a shareholders’ meeting of Arion Bank held on Thursday 30 November a new director was elected, Steinunn Kristín Thórdardóttir. Gudrún Johnsen, who has been vice chairman of Arion Bank’s Board of...

16.11.2017

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...

14.11.2017

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...

25.10.2017

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.

09.10.2017

​Lýdur Thór Thorgeirsson has been appointed managing director of Investment Banking at Arion Bank and will take up his position on 25 October. The managing director of Investment Banking reports...

23.08.2017

Arion Bank reported net earnings of ISK 10.5 billion for the first six months of 2017, compared with ISK 9.8 billion for the same period of 2016. Return on equity was 9.7%, compared with 9.5% for the...

11.07.2017

The international financial publication Euromoney has named Arion Bank as Iceland’s best bank. Arion Bank received one of Euromoney’s Awards for Excellence at a ceremony at the Tower of London last...

30.06.2017

​On 30 June Arion Bank bought back the outstanding amount of notes held by Kaupthing.

29.06.2017

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...

28.06.2017

Eva Cederbalk was elected chairman of the Board of Directors of Arion Bank at a board meeting on Monday 26 June. Eva, who was elected on to the Board at a shareholders' meeting on 23 June, has...

23.06.2017

Eva Cederbalk was today elected as a new director at a shareholders’ meeting of Arion bank. Þórarinn Þorgeirsson was elected an alternate, replacing Björk Arnardóttir.

20.06.2017

On Tuesday 20 June, Arion Bank issued new senior unsecured bonds for a total of €300 million. The bonds are 3-year instruments. Orders were received from 80 investors with total demand in excess of...

11.05.2017

Arion Bank reported net earnings of ISK 3.4 billion for the first three months of 2017, compared with ISK 2.9 billion for the same period of 2016. Return on equity was 6.3%, compared with 5.7% for the...

10.05.2017

Monica Caneman has decided to step down from the board of directors of Arion Bank. Monica has been chairman of the board since 2010. Gudrún Johnsen, who has been vice-chairman of the board during the...

23.03.2017

On Monday 20 March, Arion Bank asked the Bank’s new shareholders, who were announced in a press release on 19 March, to provide the Bank with information on their ownership structures as required by...

19.03.2017

Arion Banki hf. (“Arion Bank”) and Kaupthing ehf. (“Kaupthing”) announce today the results of a private placement of shares in Arion Bank owned via Kaupthing’s wholly-owned subsidiary, Kaupskil ehf....

09.03.2017

​The 2017 Annual General Meeting of Arion Bank was held today, Thursday 9 March, at the Bank's headquarters in Borgartún, Reykjavík. The agenda of the meeting contained typical AGM business and the...

09.03.2017

Arion Bank’s Annual Report for 2016 has been published online and is only available on the Bank’s annual report website. By having the Report in this format, it is not only more environmentally...

07.03.2017

On 7 March Arion Bank bought back $65,000,000 of Notes in addition to accrued interest. The Notes amounted to $747,481,000 when they were issued in January 2016.

13.02.2017

Arion Bank reported net earnings of ISK 21.7 billion, compared with ISK 49.7 billion in 2015. Return on equity was 10.5%, compared with 28.1% in 2015.

05.01.2017

Arion Bank has today issued an additional €200 million tap of the Euro benchmark bond issued December 2016. The Bank previously issued €300 million bringing the total to €500 million, or approximately...

24.11.2016

On Wednesday 24 November, Arion Bank issued new senior unsecured bonds for a total of €300 million. The bonds are 5-year instruments. Orders totaling over €400 million from more than 50 investors were...

23.11.2016

The EFTA Surveillance Authority (ESA) today published its conclusion of a formal investigation into loan agreements concluded between the Central Bank of Iceland (CBI) and Arion Bank hf. in 2009. ESA...

16.11.2016

Arion Bank reported net earnings of ISK 17.3 billion for the first nine months of 2016, compared with ISK 25.4 billion for the same period of 2015. Return on equity was 11.2%, compared with 19.8% for...

25.10.2016

Standard & Poor’s has upgraded Arion Bank’s credit rating from BBB- to BBB with a positive outlook.

03.10.2016

​Arion Bank has acquired 100% of the share capital in the insurance company Vördur. Last October Arion Bank and BankNordik reached an agreement on Arion Bank’s acquisition of the insurance company...

29.09.2016

A total of 46 employees of Arion Bank were made redundant today, 27 of whom worked at the Bank’s headquarters and the remaining 19 worked at other locations around the country.

19.09.2016

At a shareholders’ meeting of Arion Bank held Thursday 15 September, it was resolved to increase the number of directors by one, from seven to eight. At the meeting a new director was also elected...

31.08.2016

Arion Bank reported net earnings of ISK 9.8 billion for the first six months of 2016, compared with ISK 19.3 billion for the same period of 2015. Return on equity was 9.5%, compared with 22.8% for the...

11.07.2016

​The international financial magazine Euromoney has selected Arion Bank as the best investment bank in Iceland in 2016. In its reasoning, Euromoney takes account of the fact that over the past year...

29.06.2016

​On 4 June the Central Bank’s Rules on Special Reserve Requirements came into force. Please read these rules carefully and check who is subject to special reserve requirements under these rules.

15.06.2016

In the context of the continued strong development of the Icelandic economy, Arion Bank and Kaupthing, its majority owner, are currently assessing a range of strategic alternatives with regards to...

11.05.2016

Arion Bank reported net earnings of ISK 2.9 billion for the first three months of 2016, compared with ISK 14.9 billion for the same period of 2015. Return on equity was 5.7%, compared with 35.1% for...

04.05.2016

On 6 May Arion Bank will prepay Notes by USD 252,697,000 in addition to accrued interests. The Notes amounted to USD 747,481,000 when they were issued at the beginning of the year.

19.04.2016

​On Tuesday 19 April, Arion Bank issued new senior unsecured bonds for a total of €300 million. Orders totaling over €500 million from more than 70 investors were received. The 3-year bonds have a...

17.03.2016

The 2016 Annual General Meeting of Arion Bank was held today, Thursday 17 March, at the Bank's headquarters in Borgartún, Reykjavík. The agenda of the meeting contained typical AGM business and the...

17.03.2016

Arion Bank’s Annual Report for 2015 has been published online and is only available on the Bank’s annual report website. By having the Report in this format, it is not only more environmentally...

24.02.2016

Arion Bank’s financial results for 2015 were influenced by the completion of several major corporate recovery cases in which significant interests were at stake for the Bank, namely the sale of the...

10.02.2016

Ida Brá Benediktsdóttir has been appointed as the managing director of Investment Banking at Arion Bank. She takes over the position from Halldór Bjarkar Lúdvígsson who recently left the Bank.

09.02.2016

Arion Bank will publish its financial results for 2015 on Wednesday 24 February. The Bank will be hosting a conference call in English on Thursday 25 February at 13:00 GMT, where Stefán Pétursson...

04.02.2016

Yesterday Arion Bank hf. concluded the sale of three covered bonds listed on Nasdaq OMX Iceland. The inflation-linked issue ARION CBI 21 was tapped for an amount of ISK 1,000m at a yield of 3.30%.

25.01.2016

An agreement has been reached on the sale of BG12 slhf's 46% shareholding in the UK company Bakkavör Group Ltd. The holding has been acquired by a company owned by US investment funds managed by the...

19.01.2016

Standard & Poor’s (S&P) has affirmed Arion Bank’s credit rating at BBB-/A-3 and changed the outlook from stable to positive

19.01.2016

The Center for Corporate Governance at the University of Iceland recently recognized Arion Bank as a model company in terms of good corporate governance. The Icelandic Chamber of Commerce, the...

12.01.2016

Arion Bank hf. has reached an agreement with Kaupthing ehf. under which Arion Bank will issue a bond in the amount of $747,481,000 (ISK 97 billion). The bond is being issued under Arion Bank’s EMTN...

15.12.2015

The Banker magazine, which is published by The Financial Times, has named Arion Bank as the bank of the year in Iceland for 2015. This is the second time in the last three years in which Arion Bank...

27.11.2015

Yesterday Arion Bank hf. concluded the sale of two inflation-linked covered bonds listed on Nasdaq OMX Iceland.

24.11.2015

Arion Bank completed a bond offering in Norwegian kroner on Monday 23 November. Bonds with a nominal value of NOK 300 million were issued, maturing in 2020.

11.11.2015

Arion Bank reported net earnings of ISK 25.4 billion for the first nine months of 2015, compared with ISK 22.6 billion for the same period of 2014. Arion Bank’s net earnings for the first nine months...

09.11.2015

Standard and Poor's (S&P) has today confirmed Arion Bank's BBB-/A-3 rating with stable outlook.

16.10.2015

Yesterday Arion Bank completed an offering of 6-month commercial papers. Offers totalling ISK 2,280 million were received and offers worth ISK 1,320 million were accepted at 6.44% flat rates.

08.10.2015

As previously announced, the owner of the Icelandic insurer Vørður tryggingar, the Faroese domiciled BankNordik, is refocusing its business outside the Faroe Islands to banking. In line with that...

25.09.2015

Yesterday Arion Bank hf. concluded the sale of two inflation-linked covered onds listed on the Nasdaq OMX Iceland.

26.08.2015

Arion Bank reported net earnings of ISK 19.3 billion for the first six months of 2015, compared with ISK 17.4 billion for the same period of 2014.

21.07.2015

Following the presentation of plans for the eventual removal of capital controls in Iceland the international ratings agency Standard & Poor´s has raised its ratings on Arion Bank from BB+ to the...

30.06.2015

Earlier today Arion Bank completed a bond issue in Norwegian kroner, issuing NOK 500 million of 5-year instruments. The bonds bear floating NIBOR plus 2.95%.

08.06.2015

On Friday Arion Bank hf. concluded the sale of two inflation-linked covered bonds listed on the Nasdaq Iceland.

12.05.2015

Arion Bank’s net earnings for the first three months of 2015 were significantly affected by irregular items. The main factors were one-off events such as the Bank's sale of shares in the real estate...

27.03.2015

Today Arion Bank hf. concluded the sale of two inflation-linked covered bonds listed on the Nasdaq Iceland. The inflation linked issue ARION CBI 21 was tapped for an amount of ISK 1,180,000,000 at a...

19.03.2015

The 2015 Annual General Meeting of Arion Bank was held today, Thursday 19 March, at the Bank's headquarters in Borgartún, Reykjavík. The agenda of the meeting contained typical AGM business and the...

19.03.2015

Arion Bank’s Annual Report for 2014 will be published online and only available on the Bank’s annual report website. By having the Report in this format, it is not only more environmentally friendly...

11.03.2015

Arion Bank has issued bonds for a total of €300 million. Bids totaling in excess of €675 million from approximately 100 investors were received. The bonds are 3-year instruments with a fixed 3.125%...

24.02.2015

Arion Bank reported net earnings of ISK 28.7 billion for the year 2014, compared with ISK 12.7 billion for the year 2013. Return on equity was 18.6%, compared with 9.2% in 2013. Total assets amounted...

16.01.2015

Arion Bank hf. and MP Bank hf. have signed a Market Making Agreement, where MP Bank hf. will act as a market maker for Covered Bonds issued by Arion Bank hf., which have been admitted to trading on...

16.01.2015

Arion Bank completed an offering of 6-month bills today. Offers totaling ISK 900 million were received and offers of ISK 780 million were accepted at 5,25% flat rates.

09.01.2015

Arion Bank hf. (”Arion Bank”) has today repurchased NOK 59 million (nominal value) of the NOK 500 million 2013/2016 bond at a price of 102.5 which corresponds to a spread of 2.79% over NIBOR.

08.01.2015

Arion Banki HF (”Arion Bank”) has mandated Pareto Securities to repurchase up to NOK 150 million (nominal value) of their NOK 500 million 2013/2016 bond. The price will be determined through a book...

18.12.2014

Arion Bank and the Icelandic Competition Authority (ICA) have reached a settlement concerning the structure of the payment card system. The system was established more than 30 years ago and was based...

16.12.2014

Arion Bank completed an offering of 6-month commercial papers today. Offers totalling ISK 1,240 million were received and offers of ISK 640 million were accepted at 5.25% flat rates. The commercial...

09.12.2014

Today, Tuesday 9 December, Arion Bank completed an offering of two new series of covered bonds, 7-year and 15-year instruments respectively. Offers totalling ISK 10,340 million were received and...

21.11.2014

A shareholders’ meeting of Arion Bank was held on 20 November at the Bank’s headquarters at Borgartún 19. A new Director, Brynjólfur Bjarnason, was elected at the meeting and he will replace Björgvin...

18.11.2014

Arion Bank reported net earnings of ISK 22.6 billion for the first nine months of 2014, compared with ISK 10.1 billion for the same period of 2013. Return on equity was 19.9%, compared with 10.0% in...

17.11.2014

On Friday Arion Bank completed an offering of 6-month commercial papers. Offers totalling ISK 480 million were received and all offers were accepted at 5.80% flat rates. It is intended to admit this...

14.10.2014

Standard & Poor’s (S&P) has affirmed Arion Bank’s credit rating at BB+ and upgraded the outlook from stable to positive. This comes after S&P revised the economic risk trend for Iceland from stable to...

27.08.2014

Arion Bank reported net earnings of ISK 17.4 billion for the first six months of 2014, compared with ISK 5.9 billion for the same period in 2013. Return on equity was 23.4%, compared with 8.9% in the...

21.05.2014

Arion Bank reported net earnings of ISK 2.9 billion for the first three months of 2014, compared with ISK 1.4 billion for the same period in 2013. Return on equity was 7.8%, compared with 4.3% in the...

14.04.2014

Arion Bank has engaged Citi, Deutsche Bank and Nomura to arrange meetings with European investors which will be held over the next few days. Arion Bank will then aim to complete a euro-denominated...

20.03.2014

The 2014 Annual General Meeting of Arion Bank was held today, Thursday 20 March, at the Bank's headquarters in Borgartún, Reykjavík. The agenda of the meeting contained normal AGM business and the...

26.02.2014

Arion Bank reported net earnings of ISK 12.7 billion in 2013, compared with ISK 17.1 billion in 2012. Return on equity was 9.2%, compared with 13.8% in 2012. Return on equity from core operations was...

10.02.2014

Reitun has assigned to Arion Bank a credit rating of i.BBB1 with a positive outlook. It rates the Bank’s covered bonds at i.AA2. This is the same rating as in July 2013 but Reitun's rating system has...

10.01.2014

The ratings assigned by S&P reflect Arion Bank's sound position on the Icelandic market. The Bank has increased its market share in the household segment in recent years and its operations are now...

18.12.2013

Arion Bank‘s shareholders‘ meeting was held in the Bank‘s headquarters at Borgartún 19 this morning. At the meeting, two new board members were elected: Benedikt Olgeirsson and Björgvin Skúli...

13.12.2013

The Banker magazine, which is published by The Financial Times, has named Arion Bank as the bank of the year in Iceland for 2013. This is the first time since 2007 that the magazine has presented the...

28.11.2013

Arion Bank reported net earnings of ISK 10.1 billion for the first nine months of 2013, compared with ISK 14.5 billion for the same period in 2012. Return on equity was 10.0%, compared with 15.9% in...

25.10.2013

Yesterday Arion Bank completed an offering of covered bonds, in the series Arion CBI19. Offers totalling ISK 1,940 million were received and offers worth ISK 1,500 million were accepted at a yield of...

29.08.2013

Arion Bank reported net earnings of ISK 5.9 billion for the first half of 2013, compared with ISK 11.2 billion for the same period in 2012. Return on equity was 8.9%, compared with 18.8% in the same...

08.07.2013

Reitun has given Arion Bank a rating that is two notches below the Republic of Iceland or B+ with a positive outlook. The highest achievable rating according to Reitun’s rating scale is A+. The...

08.07.2013

Reitun has given the covered bonds issued by Arion Bank an A rating, the same rating granted to the Icelandic sovereign. The highest achievable rating according to Reitun’s rating scale is A+. This is...

06.07.2013

Arion Bank completed an offering of a new series of covered bonds, Arion CBI19, today. Offers totalling ISK 3,720 million were received and offers worth ISK 3,000 million were accepted at a yield of...

02.07.2013

Arion Bank’s NOK bond issue will be admitted to trading on Oslo Stock Exchange today, 2 July.

30.05.2013

BroadGroup Consulting recently published a independent study on Iceland’s strengths as a location for datacentres.

23.05.2013

Arion Bank reported net earnings of ISK 1.4 billion for the first quarter of 2013, compared with ISK 4.5 billion for the same period in 2012. Return on equity was 4.3%, compared with 16.5% in Q1 2012...

28.02.2013

Arion Bank reported net earnings of ISK 17.1 billion in 2012, compared with ISK 11.1 billion in 2011. Return on equity was 13.8%, compared with 10.5% in 2011. Return on equity from regular operations...

22.02.2013

Today Arion Bank completed a bond offering in Norwegian kroner in a deal arranged by Pareto Öhman. The Bank sold bonds for NOK 500 million (ISK 11.2 billion) that were placed with around 60 investors...

21.01.2013

On Friday 18 January Arion Bank hf. completed its third non-indexed fixed rate covered bond offering, issuing ISK 1,820 million worth of bonds in the series Arion CB 15. The size of the series after...

28.11.2012

Arion Bank reported net earnings of ISK 14.5 billion for the first nine months of 2012, compared with ISK 13.6 billion during the same period in 2011.

21.11.2012

Arion Bank will publish its interim financial statements for Q3 2012 in week 48 (26th - 30th November).

31.08.2012

Arion Bank reported net earnings of ISK 11.2 billion for the first half of 2012, compared with ISK 10.2 billion during the same period in 2011.

23.08.2012

Arion Bank will publish its interim financial statements for Q2 2012 in week 35 (27th - 31st August).

29.06.2012

On Friday 29 June Arion Bank hf. completed its second non-indexed fixed rate covered bond offering, issuing ISK 1.2 billion worth of bonds in the series Arion CB 15. The size of the series after the...

31.05.2012

On 15 June 2012, the payment date of the issued bond Arion 10 01 (ISIN: IS0000019784), payments will be made, both principal and interest, in EUR.

25.05.2012

Arion Bank has received a credit rating from the domestic credit rating agency Reitun hf. The bank‘s credit rating is B+, and Arion Bank‘s covered bonds are rated A, the same rating Reitun granted the...

23.05.2012

Arion Bank reported net earnings of ISK 4.5 billion for the first quarter of 2012, compared with ISK 3.0 billion during the same period in 2011. Return on equity was 16.5% in Q1 2012, compared with...

21.05.2012

Arion Bank’s covered bond series, Arion CB 15, was today, 21 May admitted to trading on the Regulated market of Nasdaq OMX Iceland. This is the second series under Arion Bank’s covered bond programme...

14.05.2012

On Friday 11 May Arion Bank hf. completed its first non-indexed fixed rate covered bond offering, issuing ISK 1.2 billion worth of bonds in the series Arion CB 15. The series is expected to be...

11.05.2012

Arion Bank will publish its interim financial statements for Q1 2012 in week 21 (21st - 25th May).

02.05.2012

The General Terms of Business for Investment Services between Arion Bank hf. and its Clients have been updated. The updated terms are valid from 2 May 2012.

23.03.2012

The 2012 Annual General Meeting of Arion Bank was held yesterday, Thursday 22 March, at the Bank's headquarters in Borgartún, Reykjavík. The agenda contained standard AGM business.

23.03.2012

Arion Bank hf. and MP Bank hf. have signed a Market Making Agreement, where MP Bank hf. will act as a market maker for Covered Bonds issued by Arion Bank hf., which have been admitted to trading on...

15.03.2012

15.03.2012

Arion Bank hf. has chosen Iceland as its home member state according to paragraph 3 of article 3 of the Icelandic Act No. 108/2007 on Securities Transactions, cf. article 2 (1) (i) (ii) of Directive...

15.03.2012

Arion Bank reported net earnings of ISK 11.1 billion in 2011, compared with ISK 12.6 billion in 2010. Return on equity was 10.5%. The Bank’s capital ratio was 21.2% at the end of the year, well above...

01.03.2012

Investors subscribed for a total of ISK 7.9 billion. The private placement of shares in Hagar hf. closed at 5:00 p.m. yesterday, 29 February. Arion Bank’s Investment Banking division managed the...

24.02.2012

Eignabjarg ehf., a subsidiary of Arion Bank hf., has decided to offer for sale a minimum of 10% shareholding in Hagar hf. The shareholding will be sold in a private placement in accordance with...

22.02.2012

Arion Bank’s covered bond series, Arion CBI 34, was today, 22 February 2012, admitted to trading on the bond market of Nasdaq OMX Iceland. The series has a nominal value of ISK 2,500,000,000. The...

20.02.2012

On Friday Arion Bank completed its first covered bond offering, issuing ISK 2.5 billion worth of bonds in the series Arion CBI 34. The offering was heavily oversubscribed, with bids received for...

17.02.2012

Arion Bank has completed its preliminary analysis of this week's Supreme Court judgement on case no. 600/2011 which concerned the recalculation of foreign currency loans in accordance with the...

24.01.2012

Arion Bank and Kaupthing Resolution Committee have reached an agreement according to which Arion Bank will acquire a mortgage portfolio which has been managed in a special fund owned by the bankruptcy...

09.12.2011

The public offering of shares in Hagar hf. closed at 4:00 p.m. on Thursday 8 December. The Corporate Advisory - Investment Banking division of Arion Bank hf. managed the offering and the subsequent...

01.12.2011

Arion Bank reported consolidated net earnings of ISK 3.5 billion for the third quarter of 2011. The Bank reported net earnings of ISK 1 billion for the same period last year. Arion Bank reported net...

24.11.2011

Arion Bank’s Investment Banking division will in the next few days present to interested investors a public offering of shares in Hagar. Eignabjarg, a subsidiary of Arion Bank, will be offering...

02.11.2011

The board of directors of Hagar hf. has requested that the company's shares be admitted for trading on the main market of Nasdaq OMX Iceland. The aim is to begin trading on the stock market in...

17.10.2011

Sigurjón Pálsson has been appointed managing director of Arion Bank’s Operations division. The Operations division incorporates human resources, information technology, back office and property...

13.09.2011

Fifty-seven employees of Arion Bank were made redundant today, 38 of whom worked at the Bank’s headquarters and 19 were employed elsewhere. The Directorate of Labour has already been informed.

06.09.2011

Arion Bank reported net earnings of ISK 10.2 billion for the first half of 2011, compared with ISK 7.9 billion during the same period in 2010. This figure exceeds the Bank's own projections, mainly as...

20.06.2011

An agreement has been reached on the sale of Rekstrarfélag Tíu-ellefu ehf. from Eignabjarg ehf., a subsidiary of Arion Bank, to a company owned by Árni Pétur Jónsson.

15.06.2011

Arion Bank has concluded from recent rulings of the Icelandic Supreme Court that a certain portion of Arion Bank’s loan book is made up of currency indexed ISK loans which are in part illegal...

30.05.2011

On 11 May the Icelandic Competition Authority gave its approval for the Bank’s sale of a strategic holding in Hagar hf. which had been announced three months earlier. The transaction has...

27.05.2011

Arion Bank reported net earnings of ISK 3.0 billion for the first quarter of 2011, compared with ISK 3.4 billion during the same period in 2010. Return on equity was 11.3% on an annualised basis. The...

20.05.2011

Arion Bank has reached an agreement on the acquisition of SPRON Factoring. The acquisition is subject to the approval of the regulatory authorities.

13.05.2011

Arion Bank is offering its customers competitive new mortgages. The loans bear fixed interest rates throughout the loan period which are better than the rates currently available on the Icelandic...

28.04.2011

The retail chain 10-11, currently owned by Arion Bank’s subsidiary Eignabjarg, has been put up for sale. The entire share capital of Rekstrarfélag Tíu-ellefu ehf. is being offered for sale and...

13.04.2011

A letter of intent has been signed whereby Landsbanki acquires new shares in Arion Custody Services hf. Arion Bank currently owns the entire share capital. The letter of intent is signed subject to...

11.04.2011

- The result will not affect the commencement of payments by the estate of Landsbanki Íslands hf. to priority claimants. A referendum on the so-called ‘Icesave Agreement' was held in Iceland on...

04.04.2011

The long wait for the plan about the lifting of the currency controls ended on Friday 25 March when the Central Bank of Iceland published a report on the subject. The report traces in detail the next...

31.03.2011

A decision has been made to put up for sale all shares in BM Vallá, a company owned by Arion Bank’s subsidiary, Eignarbjarg. BM Vallá has undergone radical restructuring since the Bank took over...

25.03.2011

The Annual General Meeting of Arion Bank was held yesterday, Thursday 24 March, at the Bank's headquarters in Borgartún, Reykjavík. The agenda of the meeting contained normal AGM business.

04.03.2011

Arion Bank reported net earnings of ISK 12.6 billion in 2010, compared with ISK 12.9 billion in 2009. Return on equity was 13.4%. The Bank’s capital ratio increased by 5.3 percentage points to...

01.03.2011

Arion Bank will publish its 2010 annual financial statement on Friday 4 March. The Bank‘s annual report will be available on the Bank’s website from 17 March.

11.02.2011

Arion Bank has sold a 34% stake in Hagar plus a call option on an additional 10% to a diverse group of pension funds and professional investors. The acquisition price is ISK 4.1 billion. It is...

07.02.2011

Arion Bank has recalculated the majority of its FX-denominated mortgages to individuals and published the results on its online bank. The Bank will continue to enable its customers to see the...

04.02.2011

An agreement has been signed on the sale by Arion Bank of the Hekla car dealership to Friðbert Friðbertsson and Franz Jezorski. Hekla was advertised for sale in an announcement from Arion Bank on 16...

20.01.2011

Arion Bank has made an agreement with Thorsteinn M. Jónsson and companies associated with him on the settlement of debts to the Bank. These companies include Vífilfell hf. which will come under new...

20.12.2010

An agreement has been reached on dealing with the debt of small and medium-sized enterprises (SME’s). The agreement was signed this afternoon by representatives of the Ministry of Economic...

19.12.2010

Nýherji hf. has published a prospectus for the purpose of admission of 92,000,001 new shares to trading on the Main Market of NASDAQ OMX Iceland hf. where all of the company‘s previously issued...

08.12.2010

Arion Bank believes that the agreement reached by the government, pension funds, the Housing Financing Fund and financial companies on a broad range of measures to tackle household debt is of great...

29.11.2010

Arion Bank reported net earnings of ISK 8.9 billion during the first nine months of 2010. Net earnings in the third quarter totalled ISK 976 million. Foreign exchange loss and the depreciation of...

05.11.2010

Dr. Michael Porter, one the world’s leading authorities on competitive strategy and the competitiveness of nations, was visiting in Iceland to present the results of his research into the...

25.10.2010

Arion Bank hf. - Corporate Advisory is arranging the sale of up to 99.5% of outstanding shares in Hagar hf. The shares are held by the Bank’s subsidiary Eignabjarg ehf. The intention is to...

18.10.2010

Formal sale process of Arion Bank’s share in Hagar about to commence. Arion Bank seeks anchor investors in Hagar to play key role in company’s affairs. The aim is to offer professional and...

12.10.2010

Jóhannes Jónsson has decided not to go ahead with the acquisition of the fashion stores Zara, Topshop and All Saints, which are currently run by Hagar. In a statement released by Arion Bank on 30...

06.10.2010

According to Arion Bank’s new strategy it will remain a universal bank providing a wide range of services focusing on efficiency and well-defined service factors. A special emphasis will be...

05.10.2010

In light of the comments made by the prime minister last night, Arion Bank wishes to state the following: The bank has made considerable progress in resolving debt problems faced by individual...

04.10.2010

The consultancy firm Gekon and Arion Bank have signed an agreement whereby the bank will be the main sponsor of the project Mapping the Icelandic Geothermal Cluster led by Dr Michael Porter, professor...

16.09.2010

The bill of law announced by the minister for economic affairs, following the judgment passed by the Supreme Court of Iceland today, has reduced some of the uncertainty over the debts of individual...

16.09.2010

Arion Bank has decided to offer for sale the entire share capital of the car dealership Hekla which is owned by the Bank. Investors who meet the necessary requirements will be provided with...

15.09.2010

Arion Bank reported net earnings of ISK 7.9 billion for the first half of 2010 according to the reviewed interim financial statement. Annualized return on equity was 17.7% for the first half of 2010. ...

15.09.2010

Arion Bank has decided to remove the retail unit 10-11 from the Hagar group and put it up for general sale. Preparations are already underway to sell the 10-11 stores, and the company is expected to...

30.08.2010

Jóhannes Jónsson has resigned from the board of directors of Hagar hf. and is no longer involved with the company. Certain provisions in the agreement that Arion Bank made with Mr Jónsson last...

17.08.2010

A number of organisational changes are to be made at Arion Bank. Treasury will be separated from Capital Markets and incorporated into the Finance division. Stefán Pétursson has been appointed Chief...

07.07.2010

Arion Bank has decided that borrowers with property loans in foreign currencies, with a mortgage in property, will be given the option of paying ISK 5,000 a month for every ISK 1 million originally...

01.07.2010

The Financial Supervisory Authority and the Central Bank of Iceland have issued a set of guidelines financial companies on how to calculate interest on loans containing non-binding clauses linking...

24.06.2010

Arion Bank has assessed the Supreme Court judgement on exchange-rate linked car loans and its possible effects on the Bank’s capital base. Should the bank’s mortgage loans to individuals...

21.05.2010

The Annual General Meeting for the first full operating year of Arion Bank was held on Thursday 20 May at the Bank's headquarters in Borgartún, Reykjavík.

07.05.2010

Arion Bank reported net earnings of ISK 12.8 billion for 2009. Return on equity was 16.7%. Despite the adverse economic climate, the reconstruction of Arion Bank has come a long way and is founded on...

23.04.2010

The Board of Directors of Arion Bank has hired Höskuldur H. Ólafsson as the CEO of Arion Bank; he will start no later than 1 June.

18.03.2010

A new Board of Directors of Arion Bank was elected today at a shareholders' meeting of the Bank. At a board meeting held after the shareholders’ meeting, Monica Caneman was elected Chairwoman of...

05.02.2010

The board of directors of Arion Bank has decided to float retail company Hagar on NASDAQ OMX Iceland in cooperation with Hagar and to sell the bank’s holding in the company. Shares in the...

11.01.2010

The Icelandic Financial Supervisory Authority (FME) has granted Kaupthing Bank’s subsidiary Kaupskil ehf. permission to own a qualifying holding in Arion Bank on behalf of Kaupthing. This...

10.12.2009

At Arion Bank we have been devising new ways to help our customers with their loans. We now offer several different options depending on the size of your loan and whether it is in a foreign currency...

01.12.2009

The Resolution Committee of Kaupthing Bank contributes up to ISK 66 billion in common equity

23.11.2009

Arion banki has received a proposal from Jóhannes Jónsson, some international investors and the management of Hagar concerning the financial restructuring of 1998 ehf, the parent company of Hagar...

21.11.2009

Net earnings of ISK 4.8 billion

20.11.2009

From tomorrow, 21 November 2009, New Kaupthing Bank will change its name to Arion banki. The new name signals a new direction and new values. Following the restructuring of the bank in the recent...

30.10.2009

The Ministry of Finance and the Resolution Committee of Kaupthing have agreed to extend the deadline for the Resolution Committee to make a decision regarding the capitalization of New Kaupthing until...

03.09.2009

Yet another stage in the rebuilding of New Kaupthing Bank hf. was reached today when the bank, the Icelandic government and the resolution committee of Kaupthing Bank signed agreements on the...

03.09.2009

From September 1st 2009, foreign investors in Iceland will no longer be exempt from tax on interest. Interest from deposits, investment funds, bonds, accounts, etc. will be subject to 15%-23,5% tax...

26.08.2009

Lur Berri Iceland ehf., ID no. 420409-0790, Skógarhlíð 12, Reykjavík, (“Lur Berri Iceland”) and the Board of Directors of Alfesca hf., ID no. 580293-2989, Kringlan 7, Reykjavík...

17.08.2009

New Kaupthing Bank has secured capital from the Icelandic government, thus consolidating its operations and strengthening its liquidity and capital ratios. A shareholders' meeting of New Kaupthing...

31.07.2009

Lur Berri Iceland ehf. has received the decision of the Icelandic Financial Supervisory Authority ("Fjármálaeftirlitið") on extending the offer period of the takeover bid of Lur Berri Iceland ehf. to...

30.07.2009

Takeover bid to shareholders of Alfesca hf. As further outlined in a public offer document (the “Offer Document”) dated 25 June 2009, certain agreements entered into by Lur Berri Holding...

26.06.2009

Lur Berri Iceland ehf. makes an offer to Alfesca hf.'s shareholders to purchase their shares in the company. On 28 May 2009 Lur Berri Holding SAS, Kjalar Invest B.V., Alta Food Holding B.V., Kaupthing...

24.03.2009

Trading with ICEQ unit shares resumes today. ICEQ currently includes all assets belonging to the OMXI6cap index and deposits. The fund also owns shares in SPRON.

23.03.2009

Because the temporary suspension of trading in shares issued by Spron is still in force, delays in redemptions for the fund listed below continue to apply.

09.03.2009

Because the Financial Supervisory Authority of Iceland has taken control of Straumur-Burdaras Investment Bank hf., the value of Straumur’s stocks owned by the funds listed below will be reduced...

02.01.2009

Because the temporary suspension of trading in financial instruments issued by Spron is still in force, delays in redemptions for the funds listed below continue to apply.

27.11.2008

Because the temporary suspension of trading in financial instruments issued by Exista, Straumur and Spron is still in force, delays in redemptions for the funds listed below continue to apply.

20.11.2008

Because the temporary suspension of trading in financial instruments issued by Exista, Straumur and Spron is still in force, delays in redemptions for the funds listed below continue to apply.