Net earnings
1.1
ISK bn.
Brynjólfur Bjarnason
Chairman's Address
One of the fundamental duties in business is to manage companies responsibly and profitably for the benefit of all stakeholders: customers, shareholders, employees and society as a whole.
Benedikt Gíslason
CEO's Address
The year 2019 was in many ways a year of change, both in the senior management and the Bank’s organization. Organizational and strategic changes were made in the second half of the year and the positive impact materialized in the fourth quarter earnings. The changes have had an effect on both the revenue and cost sides.
Key figures
Operating income
48
ISK bn.
Equity
189.8
ISK bn.
Society and environment
Arion Bank’s sustainability policy bears the title Together we make good things happen and indicates that the Bank intends to act as a role model by promoting responsible and profitable business practices, which take into account the environment, the economy and the society in which we live and work.
We are the leading provider of digital services
99%
of contact with customers
through digital channels
100%
of car loans applications
are digital
24,000
video meetings
with customers
112,000
automatic
loan decisions
94%
of credit assessments
performed digitally
68%
of core products
bought digitally
22%
increase in
number of app users
70%
of credit card
applications are digital
33,000
people have enabled payments
in mobiles and smart devices
News in 2019
18.01.2019
Arion Bank and RB sign agreement on new core banking system
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 entire Icelandic banking system.
20.02.2019
Reports published by Arion Bank for 2018
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 Statements for 2018 were published on 13 February and are available on the Bank's website.
12.04.2019
Arion Bank recognized for excellence in corporate governance
The Center for Corporate Governance at the University of Iceland yesterday recognized Arion Bank for excellence in corporate governance.
23.04.2019
Stefán Pétursson appointed interim CEO of Arion Bank
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 Bank, from 1 May until the Board has hired a new CEO.
08.05.2019
Arion Bank customers can now pay with Apple Pay
Arion Bank customers with Visa debit and credit cards can now use Apple Pay to buy goods and services.
25.06.2019
Benedikt Gíslason appointed CEO of Arion Bank
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 financial market over the last two decades.
08.07.2019
Ásgeir Helgi Reykfjörð appointed Deputy CEO of Arion Bank
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.
08.08.2019
Arion Bank's Q2 2019 financial results
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.
13.08.2019
New members of the Board of Directors of Arion Bank
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.
12.09.2019
Rakel Óttarsdóttir, Managing Director of Information Technology, is leaving Arion Bank
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 Director of Corporate Development and Marketing
30.10.2019
Arion Bank's Q3 2019 financial results
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, compared with 2.3% for the same period in 2018.
06.11.2019
Arion Bank becomes signatory to the UN Principles for Responsible Banking
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.
17.12.2019
Arion Bank and the Financial Supervisory Authority reach settlement
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 United Silicon plant at Helguvík.
13.02.2019
Arion Bank's financial results for 2018
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.
20.03.2019
Annual General Meeting of Arion Bank 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 Bank’s annual financial statements were approved.
12.04.2019
CEO of Arion Bank steps down
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.
30.04.2019
Arion Bank endorses UNEP FI Principles for Responsible Banking in advance of their launch on 22 September 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.
08.05.2019
Arion Bank’s Q1 2019 financial results
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.
01.07.2019
Arion Bank and Kolviður sign agreement on carbon offsetting
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 forestry to offset the carbon emissions resulting from the Bank's activities during the year.
15.07.2019
Arion Bank hf. Shareholder‘s meeting will be held August 9
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, but translation services into English will be available.
09.08.2019
Results of Arion Bank’s Extraordinary Shareholders’ Meeting, 9 August 2019
A shareholders’ meeting was held on Friday 9 August 2019 at 16:00 Icelandic time at Borgartún 19, 105 Reykjavík.
09.09.2019
Jónína S. Lárusdóttir, Managing Director of the Legal division is leaving Arion Bank
Jónína S. Lárusdóttir, Managing Director of Arion Bank’s Legal division has decided to leave the Bank.
26.09.2019
Extensive changes at Arion Bank
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.
06.11.2019
Arion Bank in 25th place on Allbright’s equality list
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.
28.11.2019
Arion Bank is no longer accepting 500 euro notes
From 1 December 2019 Arion Bank will no longer be accepting 500 euro notes.
13.02.2019
Arion Bank's financial results for 2018
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.
20.03.2019
Annual General Meeting of Arion Bank 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 Bank’s annual financial statements were approved.
12.04.2019
CEO of Arion Bank steps down
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.
30.04.2019
Arion Bank endorses UNEP FI Principles for Responsible Banking in advance of their launch on 22 September 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.
08.05.2019
Arion Bank’s Q1 2019 financial results
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.
01.07.2019
Arion Bank and Kolviður sign agreement on carbon offsetting
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 forestry to offset the carbon emissions resulting from the Bank's activities during the year.
15.07.2019
Arion Bank hf. Shareholder‘s meeting will be held August 9
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, but translation services into English will be available.
09.08.2019
Results of Arion Bank’s Extraordinary Shareholders’ Meeting, 9 August 2019
A shareholders’ meeting was held on Friday 9 August 2019 at 16:00 Icelandic time at Borgartún 19, 105 Reykjavík.
09.09.2019
Jónína S. Lárusdóttir, Managing Director of the Legal division is leaving Arion Bank
Jónína S. Lárusdóttir, Managing Director of Arion Bank’s Legal division has decided to leave the Bank.
26.09.2019
Extensive changes at Arion Bank
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.
06.11.2019
Arion Bank in 25th place on Allbright’s equality list
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.
28.11.2019
Arion Bank is no longer accepting 500 euro notes
From 1 December 2019 Arion Bank will no longer be accepting 500 euro notes.