About Arion Bank

Arion Bank is a universal bank which focuses on developing long-term relationships with its customers and is a market leader as a provider of cutting-edge and modern banking services. The Bank is listed on the main lists of Nasdaq Iceland and Nasdaq Stockholm.

As a universal bank Arion Bank provides services to homes, companies and investors and strives to meet the needs of customers requiring a diverse range of financial services. The Bank has three business sections: Retail Banking, Corporate & Investment Banking, and Markets. The service offering is further augmented by its subsidiaries in the fund management and insurance sectors. Stefnir is one of the largest fund management companies in Iceland, and Vörður is the fourth largest insurance company in Iceland, providing non-life and life insurance. The diverse service offering at Arion Bank means that the revenue base is broad and the loan portfolio is well diversified between retail and corporate customers and different business sectors. This results in good risk distribution.

Valitor Holding hf. is also owned by Arion Bank. It is a market leader in Iceland in acquiring services and payment solutions and also operates in the Nordic region and in the United Kingdom. The company is in the process of being sold and is therefore categorized as held for sale in the company’s accounts.

Arion Bank occupies a strong position on its markets owing to its efficiency and diverse range of products and services. The Bank's core strategy is to develop long-term relationships with customers by offering them outstanding services and personalized solutions. In order to make life easier for its customers the Bank has set itself the goal of being a leader in digital solutions and innovation, and numerous new digital solutions have been launched in the past few years.

Arion Bank is a financially robust bank which places great importance on operating responsibly in harmony with society and the environment with the aim of creating future value for the benefit of its customers, shareholders, partners and society as a whole.

Arion Bank is an Icelandic bank which operates in Iceland and also provides services to companies linked to the seafood sector in Europe and North America.

Key areas of operations

Retail Banking

Retail Banking has a total of 19 branches and service centres across Iceland.
Services are provided digitally through channels such as online banking and the app as well as the branch network and the call centre.
Provides individuals and small companies with universal financial services such as loans, savings advice, payment cards, pension savings and insurance.
The focus is on customized solutions and personal service.

Corporate & Investment Banking

Provides companies with comprehensive financial services and personalized services to meet the needs of each client.
The focus is on personal services and gaining an in-depth understanding of what the client needs.
A significant part of the Bank’s assets comprises loans to companies representing the key sectors of the economy.
Provides comprehensive advisory services and other services to companies seeking financial restructuring.
Diverse range of investment options, financing, advisory, factoring, liquidity management, billing service and online banking.

Markets

Markets comprises Private Banking, Investment Services, Pension Funds Administration, Capital Markets and Institutional Asset Management.
Capital Markets buys and sells securities, foreign exchange and derivatives for the Bank’s clients on the domestic and international markets.
Markets is responsible for investing clients’ assets, such as pension savings, regular savings, investments in funds and portfolio management.
Manages pension funds administering both supplementary pension and mandatory pension schemes.
Main distributor of Stefnir hf. funds. Stefnir is an independent financial institution owned by Arion Bank. Further information on Stefnir can be found on www.stefnir.is.