Key Financial Indicators and Balance Sheet Analysis Q1 2023
Deposits from
customers
Continuing growth in deposits
Deposits represent 58.7% of the Bank's total
liabilities
Deposits
Deposits by insurance scheme
775
335
755
35
34
680
655
74
70
72
25
40
45
568
66
45
53
33
21
28
155
52
150
127
56
115
Growth in deposits from customers during the first
quarter of 2023 was 2.6% and 14.0% from the
same quarter in 2022
77
130
131
155
113
121
131
74
265
Loans to deposits ratio of 144% at the end of the
quarter and has been stable over the last few
years
287
306
308
326
335
Higher rates and change in legislation regarding
CPI linked products expected to retain
competition in the deposit market
Even split between savings and current accounts
at the end of the quarter, was 47/53 at year-end
2022
Loans to deposits ratio (%)
74
92
137
45
35
74
39
45
35
31.12.20 31.12.21
31.03.22 31.12.22 31.03.23
Individuals
■Individuals
■SME's
18
SME's Corporates Pension Public
funds sector
■Insured ■ Uninsured
Other
Corporates
Sovereigns, CB and PSE
■Pension funds
■Other
Total deposits by insurance scheme
23
All amounts in ISK bn
157
128
145
118
143
112
144
115
144
114
31.12.19 31.12.20 31.12.21
31.12.22
31.03.23
Loans-to-deposits ratio (without covered bonds)
-Loans-to-deposits ratio
Uninsured
58%
Insured
42%View entire presentation