Investor Presentaiton
Operating in
an attractive market
Robust Icelandic economy with
strong foundations for future
growth
Strong long-term potential with
Arctic position
With a unique
position
Broad product offering with an
integrated banking model
Product-relationship with half of
the Icelandic population
Strong market share in most
attractive customer segments
Digital leader
And a track
record of delivering
ROE above local competitors for
past 4 years
Delivered on all key targets and
strategic priorities outlined in
2019 and 2021 CMD
Demonstrated commitment to
optimize capital position over
medium-term
Medium term targets
*
>13% Return on equity
>7.2% Core income over REA
<45% Cost to core income
>3% Insurance revenue growth of
Vörður in excess of market
growth
<95% Insurance combined ratio of
Vörður
50% Dividend payout ratio
CET1 ratio of regulatory requirement of
with additional 150-250bps buffer
*Medium term targets are reviewed annually and the
underlying horizon is up to 3 yearsView entire presentation