Investor Presentaiton
Operational highlights of the first quarter 2020
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Arion Bank's strategy results in core operations trending positively
NIM improves YoY
NII to Credit risk improves YoY
Core revenues up 9%
OPEX is down 10% YoY
Covid-19 related issues push earnings into negative territory
Equity positions decreased in line with the market
Impairments increase substantially
HFS assets negatively affected by the pandemic
AT1 issuance and cancelation of dividend and buy-backs push total capital ratio
up to 27.5%
Surplus Capital of ISK 39 billion on top of ISK 24 billion from management buffer
and lowering of countercyclical buffer
ROE from continuing operations negative 2.7% and Operating income/REA was
5.0%
Deposits increase by 9.4% from YE 2019View entire presentation