Arion Banki Logo

Arion Banki

ISIN: IS0000028157 | Ticker: ARION | LEI: RIL4VBPDB0M7Z3KXSF19
Sector: FinancialsSub-Industry: Diversified Banks
Country: Iceland

About Arion Banki

Company Description

Arion banki hf is a universal relationship bank operating on the Icelandic financial market. Its operating segments are as follows - Markets, Corporate & Investment Banking, Retail Banking, Treasury, Vordur, Subsidiaries and Supporting units. The Retail Banking segment of the company generates the majority of the revenue.

Year founded

2008

Served area

Iceland

Headcount

746

Headquarters

Borgartúni 19, 105 Reykjavík – Iceland

Financial statements

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Line item in (isk) 01.01.2020 01.01.2021 01.01.2022 01.01.2023 01.01.2024
Assets N/A 1,172,706,000,000.00 1,313,864,000,000.00 1,469,556,000,000.00 1,525,672,000,000.00
Investment Property N/A 6,132,000,000.00 6,560,000,000.00 7,862,000,000.00 9,493,000,000.00
Investments In Associates Accounted For Using Equity Method N/A 891,000,000.00 668,000,000.00 787,000,000.00 789,000,000.00
Cash and cash equivalents 102,186,000,000.00 58,284,000,000.00 90,678,000,000.00 150,131,000,000.00 114,993,000,000.00
Balances With Banks N/A 22,354,000,000.00 28,156,000,000.00 43,433,000,000.00 28,624,000,000.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale N/A 16,811,000,000.00 16,047,000,000.00 61,000,000.00 62,000,000.00
Equity And Liabilities N/A 1,172,706,000,000.00 1,313,864,000,000.00 1,469,556,000,000.00 1,525,672,000,000.00
Equity 189,825,000,000.00 197,845,000,000.00 194,598,000,000.00 188,331,000,000.00 199,301,000,000.00
Retained Earnings N/A 135,021,000,000.00 158,403,000,000.00 163,638,000,000.00 175,881,000,000.00
Other Reserves N/A 11,320,000,000.00 12,838,000,000.00 10,672,000,000.00 12,283,000,000.00
Equity Attributable To Owners Of Parent N/A 197,672,000,000.00 193,925,000,000.00 187,682,000,000.00 198,798,000,000.00
Noncontrolling Interests N/A 173,000,000.00 673,000,000.00 649,000,000.00 503,000,000.00
Liabilities N/A 974,861,000,000.00 1,119,266,000,000.00 1,281,225,000,000.00 1,326,371,000,000.00
Liabilities Included In Disposal Groups Classified As Held For Sale N/A 16,183,000,000.00 16,935,000,000.00 0.00 N/A
Line item in (isk) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
01.01.2023/
01.01.2024
Insurance Revenue N/A N/A 15,105,000,000.00 17,416,000,000.00
Revenue From Interest 51,730,000,000.00 53,958,000,000.00 83,591,000,000.00 123,116,000,000.00
Other Income 7,964,000,000.00 11,489,000,000.00 856,000,000.00 2,955,000,000.00
Insurance Expense N/A N/A 14,490,000,000.00 17,264,000,000.00
Employee Benefits Expense 12,332,000,000.00 14,638,000,000.00 15,856,000,000.00 N/A
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 5,044,000,000.00 -3,169,000,000.00 -144,000,000.00 1,348,000,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 5,044,000,000.00 -3,169,000,000.00 -144,000,000.00 1,348,000,000.00
Other Expense By Nature 12,109,000,000.00 11,237,000,000.00 11,055,000,000.00 N/A
Profit Loss From Operating Activities 50,764,000,000.00 58,225,000,000.00 57,198,000,000.00 64,181,000,000.00
Profit Loss Before Tax 19,978,000,000.00 34,003,000,000.00 28,682,000,000.00 35,336,000,000.00
Income Tax Expense Continuing Operations 3,231,000,000.00 6,782,000,000.00 9,809,000,000.00 9,595,000,000.00
Profit Loss From Continuing Operations 16,747,000,000.00 27,221,000,000.00 18,873,000,000.00 25,741,000,000.00
Profit Loss From Discontinued Operations -4,278,000,000.00 1,394,000,000.00 6,543,000,000.00 -4,000,000.00
Profit (loss) 12,469,000,000.00 28,615,000,000.00 25,416,000,000.00 25,737,000,000.00
Profit Loss Attributable To Owners Of Parent 12,476,000,000.00 28,605,000,000.00 25,440,000,000.00 25,755,000,000.00
Profit Loss Attributable To Noncontrolling Interests -7,000,000.00 10,000,000.00 -24,000,000.00 -18,000,000.00
Line item in (isk) 01.01.2020 01.01.2021 01.01.2022 01.01.2023 01.01.2024
Profit (loss) N/A 12,469,000,000.00 28,615,000,000.00 25,416,000,000.00 25,737,000,000.00
Dividends Received Classified As Operating Activities N/A 68,000,000.00 95,000,000.00 363,000,000.00 285,000,000.00
Interest Paid Classified As Operating Activities N/A 20,271,000,000.00 15,883,000,000.00 33,006,000,000.00 52,369,000,000.00
Interest Received Classified As Operating Activities N/A 47,268,000,000.00 41,866,000,000.00 66,516,000,000.00 96,849,000,000.00
Cash Flows From Used In Operating Activities N/A -54,608,000,000.00 64,471,000,000.00 57,392,000,000.00 -11,367,000,000.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities N/A 1,442,000,000.00 1,045,000,000.00 1,085,000,000.00 22,000,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 1,115,000,000.00 581,000,000.00 357,000,000.00 457,000,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 2,164,000,000.00 1,005,000,000.00 416,000,000.00 470,000,000.00
Cash Flows From Used In Investing Activities N/A -1,780,000,000.00 -296,000,000.00 17,063,000,000.00 -977,000,000.00
Payments From Changes In Ownership Interests In Subsidiaries N/A N/A N/A 0.00 128,000,000.00
Payments To Acquire Or Redeem Entitys Shares N/A 4,381,000,000.00 28,647,000,000.00 9,851,000,000.00 3,259,000,000.00
Cash Flows From Used In Financing Activities N/A 8,424,000,000.00 -30,676,000,000.00 -19,925,000,000.00 -22,052,000,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A -47,964,000,000.00 33,499,000,000.00 54,530,000,000.00 N/A
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A 4,062,000,000.00 -1,105,000,000.00 4,923,000,000.00 -742,000,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A N/A N/A 54,530,000,000.00 -34,396,000,000.00
Cash and cash equivalents 102,186,000,000.00 58,284,000,000.00 90,678,000,000.00 150,131,000,000.00 114,993,000,000.00

Please note that some sums might not add up.

Filings & Publications

2023

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2022

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2021

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information

ISIN

IS0000028157

LEI

RIL4VBPDB0M7Z3KXSF19

Sector

Financials

Industry Group

Banks

Industry

Banks

Sub-Industry

Diversified Banks

Listed Stock Exchange

Nasdaq Iceland

Stock Index

OMX Iceland All-Share Index

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