Key Financial Indicators and Balance Sheet Analysis Q1 2023
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Arion Bank at a glance
Diversified financial institution in Iceland with strong market position
Retail Banking
(including insurance)
Comprehensive financial services to individuals
Around one-third market share in Iceland
Large provider of residential mortgages in Iceland
Domestic digital leader in retail banking with focus on customer
experience
First to introduce fully digitalized credit assessment for
mortgages, car loans in 5 minutes, awarded for the best
banking app in Iceland for the last 6 years and offers
premium services for affluent clients
71% of core products sold digitally in 2022
Insurance service to retail customers
Operating income 2022 (ISKbn)
ISK 25.5bn
ISK 26.5bn
Corporate & Investment Banking
(including insurance)
Corporate banking, advisory and insurance service to
corporate customers
Partner to large corporates and SMEs in Iceland and
internationally
in the Arctic region
Arctic loan book has more than doubled in the last two
years
Leader in credit origination, using own balance sheet, private
and capital markets, for clients. Significant growth in managed
products
Advised and managed 75% of public equity offerings in 2022
and preferred advisor in private transactions
Markets and
STEFNIR
Arion Bank the largest asset manager in the Icelandic market
with EUR 8.8bn in assets under management – estimated
around 40% of estimated domestic GDP 2022
Emphasis on institutional investors and high net worth clients
Capital Markets had the highest market share in the domestic
market, both in equities and bonds
Stefnir Funds is among largest fund management companies
in Iceland with a variety of domestic and international assets
under management
ISK 8.8bn
Strategic focus
Increase market share in target client segments
Enhance business we do with our clients by cross-selling
products and services from the group and partners
Enhance overall customer journey through:
Efficient and targeted customer acquisition
Increased customer engagement
Optimized monetization
Loyalty
Insurance vörður
Insurance premium 2022: ISK 15.6bn
Fastest growing insurance company in Iceland - around 18.2%
market share
Around 65,000 customers
Full range of insurance products and services
Continued focus on a fully integrated bancassurance model
with the Bank
Bancassurance ratio at YE 2022:
Individuals 33.7%
Corporates 22.9%
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