Arion Bank
Banking · Iceland · 501-1,000 Employees
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Overview
Headquarters
19 Borgartún, Reykjavík -, 105, IcelandPhone Number
+354 4446000Website
www.arionbanki.isRevenue
$217.3 MillionIndustry
ZI Rank: 1
Signal Type
Mar
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ZI Rank
3
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About Arion Bank
Arion Bank was established as a state-owned bank operating out of Iceland. They were formerly Kaupthing Bank but took over the old bank's domestic assets and liabilities.Explore more
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Company Profile Activity
Activity Insights
Arion Bank is experiencing very low activity levels compared to other companies in the Finance sector.
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Arion Bank is drawing exceptional interest within the Finance industry, suggesting notable developments or strong market momentum, learn more about Arion Bank.
Arion Bank Tech Stack
A closer look at the technologies used by Arion Bank
Most Recent Scoops
Earnings
Arion Bank has reported a net profit of 8.1 billion for the quarter, compared to 7.3 billion in the prior quarter, with core income comprising net interest, fees, and insurance income of 21 billion, representing approximately 1% growth year-over-year. Financial income was negatively impacted by Icelandic equity market conditions, and the effective tax rate for the quarter was 28%, with a cost of risk of 19 basis points and an impairment charge of just under 700 million.
Earnings, Finance, Financial Operations, Tax
Facilities Relocation / Expansion
Arion Bank has opened a new full-service branch in Keflavik, one of Iceland's fastest-growing regions, expanding its physical presence and enhancing customer accessibility in the area. The branch operates as a joint location leveraging the strong regional foothold of the company's insurance subsidiary, Verdur.
Project
Arion Bank announced that its asset management subsidiary Stepner has launched a government bond Icelandic sovereign fund structured through a Luxembourg fund vehicle. This fund is designed to attract international capital into the Icelandic financial market by offering local currency Icelandic sovereign fixed income exposure.
Award
Arion Bank has been recognized as having the best banking app in Iceland for the 10th consecutive year. This recognition reinforces the company's digital leadership and strong customer proposition.
Cloud, Mobility
Earnings
Accounting, Financial Reporting, Business Finance, Finance
Arion Bank News & Media
Arion Bank reaches a settlement with the FSA - MarketScreener
Arion Bank has reached a settlement with the Financial Supervisory Authority of the Central Bank of Iceland . The settlement has been reached following an inspection conducted by the FSA in the summer...Arion Bank, Lucinity to Combat Money Laundering
Arion Bank has announced it will implement Lucinity’s technology “to help strengthen its defenses against money laundering and contribute to a safer financial system.” Lucinity’s software solution “uses the latest artificial intelligence technology to detect money laundering and make it easier for financial companies to... Read MoreArion Bank and Lucinity Join Forces in the Fight Against Money Laundering
Arion joins a group of global banks and financial technology companies using Lucinity's anti-money laundering (AML) software solution. REYKJAVIK, Iceland, Nov. 14, 2022 /PRNewswire/ -- Arion Bank has announced it will implement Lucinity's technology to help strengthen its defenses against...Arion Bank to implement Lucinity AML software
Arion Bank has announced it will implement Lucinity's technology to help strengthen its defenses against money laundering and contribute to a safer financial system.
Read more news
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Frequently Asked Questions Regarding Arion Bank
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Arion Bank was established as a state-owned bank operating out of Iceland. They were formerly Kaupthing Bank but took over the old bank's domestic assets and liabilities.... Read More
