Investor Presentaiton
Balance sheet - Assets
The balance sheet is extraordinarily strong which is prudent at this time due to Covid-19 but not efficient under more stable circumstances
The Balance sheet increased by 9.8%
from 31.12.2019, the increase mainly
being liquid assets
REA decreased 0.9% despite
balance sheet growth
Loans to customers increased slightly
from the end of 2019, mainly due to
mortgage lending. Corporate lending held
up in ISK as foreign currency loans
increased in value with the depreciation
of the ISK during the quarter
Increase in liquid assets due to
postponement of dividend payment,
issuance of AT1 and increase in deposits
Very strong liquidity position
Total LCR ratio is 224% and ISK LCR
ratio is 156%
The Bank is very well positioned to meet
the funding requirements of its customers
in both ISK and FX and to provide
customers with solutions through the
Covid-19 pandemic
Other and intangibles: 5.5% of
total assets
ISK 344 billion, of which
ISK 214 billion liquidity
reserve (35% of customer
deposits)
Loans to customers
65.6% of total assets
17
All amounts in ISK billion
41%
52%
7%
■Individual, mortgages
Individual, other
O Corporate and other
31.03.2020
ISK 1,188 billion
31.12.2019
ISK 1,081 billion
31.03.2019
ISK 1,222 billion
79
56
9
7
128
68
192
8
117
94
118
85
96
34
18
I
829
779
774
▪ Loans to customers ▪ Loans to credit institutions Cash and balances with Central Bank Financial instruments - Intangible assets Other assets
1Other includes investment property, investment in associates, tax assets, assets and disposal groups held for sale and
other assets
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