Corporate & Investment Banking

Corporate Banking provides comprehensive financial services and customized solutions to large and medium-sized companies. Many of Iceland’s most established companies enjoy strong business relationships with the Bank and have been clients of the Bank or its predecessors for decades. Developing long-term relationships based on trust and a problem-solving approach is key to success. Corporate Banking has a team of employees with a diverse range of education, expertise and decades of experience in the financial sector. The division is made up of three teams. The Seafood and Services team works with seafood and aquaculture companies both in Iceland and overseas and also Iceland’s major companies in sectors as diverse as tourism, imports, retail, information technology, investment and insurance. The Real Estate and Infrastructure team provides specialized services to companies in the real estate and energy sectors and also service companies in the telecom, transportation, heavy industry and other sectors. The Analysis and Operations Team engages in a range of tasks for customers and the Bank itself, including general services, analysis, credit control and brokering loans to institutional investors. The Head of Corporate Banking is Jón Finnbogason, Chief Credit Officer of Arion Bank.

Corporate Finance provides M&A advisory services and is a leading manager of stock market listings in collaboration with the Bank’s Markets division. Corporate Finance’s clients include some of the largest companies, main growth companies and major investors in Iceland. Our team has extensive experience and a variety of educational and professional backgrounds and boasts a proven track record of success. The Head of Corporate Finance is Lýður Þór Þorgeirsson.

Facing challenges in an instructive year

The global pandemic had a profound impact on the Bank as a whole and on the operations of Corporate & Investment Banking. A key priority was providing our clients with clear information on how to resolve any issues caused by the pandemic. The majority of employees began to work from home. The heavy investment in technology infrastructure in recent years proved invaluable as the Bank was able to provide our clients with swift and immediate solutions.

Corporate Finance continued to support and work closely with companies in Iceland, collaborating with many of the nation’s most exciting growth companies. One of these companies plays a key role in the complex task facing the global community a present, distributing a coronavirus vaccine. Arion Bank has also been a leading supporter of the growth and development of aquaculture in Iceland. This thriving sector took a huge leap forward in Iceland with an IPO in Norway managed by Corporate Finance. Aquaculture has provided a huge boost to the economies of some of Iceland’s most fragile communities and has become a key source of export revenue for the Icelandic economy. Arion Bank will continue to place an emphasis on the securities markets and supporting international trade and growth companies.