Key Financial Indicators and Balance Sheet Analysis Q1 2023
Net fee and
commission income
Diversified fee generating operations
support continued momentum
Strong quarter in all fee generating businesses
Very strong income from lending and guarantees
with several large CIB projects in the quarter
Continued strong and stable income from asset
management, with one of the strongest historical
quarters for the business
Capital Markets had the highest market share in
equities in the domestic market and third in bonds
Total fee split in the quarter 73% from corporates
and 27% from individuals
13 All amounts in ISK bn
Net fee and commission income (ISK m)
Net fee and commission income (ISK m)
4,539
4,353
4,353
343
3,076
3,277
3,552
4,002
3,971
2,218
364
630
3,552
787
839
330
Q1 2019
Q1 2020
Q1 2021
Q1 2022
Q1 2023
286
314
1,461
386
351
Assets under management (ISK bn)
1,343
1,046
874
917
1,189
561
654
1,350
1,318
686
1,184
677
1,046
999
1,255
1,352
1,237
1,179
1,166
139
(17)
3
-21
44
Q1 2022
Q2 2022
Q3 2022
Q4 2022
Q1 2023
I Cards and payment solution
Lending and guarantees
■Asset management
Collection and payment services
31.03.19
31.03.20
31.03.21
31.03.22
31.03.23
Net fee and commission income and net
insurance income / Operating expenses (%)
65.3
61.5
57.6
57.4
Captial markets and corporate finance
36.0
Other
Q1 2019
Q1 2020
Q1 2021
Q1 2022
Q1 2023View entire presentation