About Arion Bank

Arion Bank provides services to households, corporates and investors and strives to meet the needs of customers requiring a diverse range of financial services. The Bank has three business segments: Retail Banking, Corporate & Investment Banking, and Markets. The service offering is further augmented by the subsidiaries Stefnir and Vörður. Stefnir is one of the largest fund management companies in Iceland, and Vörður is the fastest growing insurance company in Iceland, providing non-life and life insurance. The diverse service offering at Arion Bank means that the revenue base is broad and the loan portfolio is well diversified between retail and corporate customers on the one hand and on the other hand different business sectors.

Arion Bank occupies a strong position on its markets owing to its efficiency and diverse range of products and services. The Bank's core strategy is to excel by offering smart and reliable financial solutions which create future value for customers, shareholders and society as a whole.

The Bank has been a leader in digital solutions and innovation, and numerous new digital solutions have been launched in the past few years. Digital solutions make the Bank's operations more efficient which in the long term reduces operating expenses across the Bank. The Bank's structure has been simplified and the branch network has been streamlined.

Arion Bank is a financially robust bank which places great importance on operating responsibly in harmony with society and the environment with the aim of creating future value for the benefit of its customers, shareholders, partners and society as a whole. The Bank also emphasizes the importance of paying competitive dividends to shareholders.

Arion Bank is an Icelandic bank which operates in Iceland but also provides services to companies in or linked to the seafood sector in Europe and North America.

Key areas of operations

Retail Banking

• A total of 17 branches and service centres across Iceland.
• Services are provided through digital channels such as online banking, the app and the call centre.
• Provides individuals and small companies with diverse financial services such as loans, savings advice, payment cards, pension savings and insurance.
• Focus on convenient digital solutions and value-adding service at our branches

Corporate & Investment Banking

• Provides companies with comprehensive financial services and personalized services to meet the needs of each client.
• Diverse range of investment options, financing, advisory, factoring, liquidity management, billing service and online banking.
• Provides comprehensive advisory services and other services to companies undergoing financial restructuring.
• Substantial part of the Bank’s assets comprises loans to companies representing the key sectors of the economy.
• The focus is on personal services and gaining an in-depth understanding of what the client needs.

Markets

• The division invests financial assets on behalf of clients.
• Comprises Private Banking, Pension Funds Administration, Capital Markets and Institutional Asset Management.
• Capital Markets buys and sells securities, foreign exchange and derivatives for the Bank’s clients on the domestic and international markets.
• Manages pension funds which administer both supplementary pension and mandatory pension schemes.
• Distributor of funds managed by some of the world’s biggest fund managers.
• Stefnir hf. is an independent financial company owned by Arion Bank. Further information on Stefnir can be found on www.stefnir.is.