Financial and Mortgage Portfolio Overview
Balance sheet reflects a balanced loan and funding profile
Conservative mix of assets and stable funding
Assets
Vast majority of assets consist of
lending to both retail and
corporates
Strong liquidity portfolio is a
consistent factor in balance
sheet management
Very limited exposure to non-
liquid or non-lending assets
Liabilities
Deposits from retail and
corporates are the single largest
funding source
Bonds and debt instruments
have become a more prominent
part of the funding mix thanks to
continuous focus on attracting
new pockets of demand,
including foreign currency and
ESG issuance
Simplified balance sheet structure
30.6.2022, ISK 1,437bn
Liquid assets
15%
Cash in Central Bank
Liquidity portfolio
Loans to credit institutions
Loan book
80%
Corporate & public sector
lending
Deposits from credit inst.
and pension funds
Deposits
53%
Lending to individuals
Deposits from retail and
corporations
Other
Assets
Senior unsecured bonds
Covered bonds
Subordinated loans
Equity
Other
Liabilities & equity
Stable funding
44%
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August-September 2022View entire presentation