Stock ARION ARION BANKI HF.
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Company Arion banki hf.

Equities

ARION

IS0000028157

Banks

Market Closed - Nasdaq Iceland
Other stock markets
 11:29:42 2024-04-16 am EDT 		5-day change 1st Jan Change
143 ISK -1.38% Intraday chart for Arion banki hf. -2.05% -5.92%
Apr. 15 Arion banki hf. commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on March 13, 2024. CI
Mar. 13 Arion banki hf. Announces Board and Committee Appointments CI

Business Summary

Arion banki hf (the Bank) is an Iceland-based financial institution that provides individuals, corporations and institutional investors with banking services. The Bank reports six operating segments: Asset Management, which comprises institutional asset management, private banking, investment services and pension fund administration; Corporate Banking that provides a full range of lending products, deposit accounts, payment solutions and value-added electronic corporate solutions; Investment Banking, which includes such services as buying and selling of companies, advice on financial decisions undertaken by companies and investors, as well as buying and selling of securities; Retail Banking that provides such services as deposits and loans, savings, payment cards, pension savings, insurance, securities and funds; Treasury that is responsible for the Bank’s liquidity, currency and interest rate management, and Subsidiaries and other divisions, including Valitor Holding hf, among others.

Number of employees: 822

Sales per Business

ISK in Million2022Weight2023Weight Delta
Corporate & Investment Banking including Insurance
40.6 %
27,989 48.9 % 26,067 40.6 % -6.87%
Retail Banking including Insurance
40.0 %
45,879 80.2 % 25,658 40.0 % -44.07%
Markets and Stefnir
10.3 %
4,264 7.5 % 6,585 10.3 % +54.43%
Treasury
6.4 %
-21,466 -37.5 % 4,080 6.4 % -119.01%
Subsidiaries excluding Stefnir and Vordur
2.3 %
898 1.6 % 1,480 2.3 % +64.81%
Supporting Units and Eliminations
0.5 %
-366 -0.6 % 311 0.5 % -184.97%

Sales per region

ISK in Million2022Weight2023Weight Delta
Iceland
100.0 %
57,198 100.0 % 64,181 100.0 % +12.21%

Managers

Managers TitleAgeSince
Benedikt Gíslason CEO
 Chief Executive Officer 50 18-09-04
Ólafur Hrafn Höskuldsson DFI
 Director of Finance/CFO 43 18-12-31
Gísli Björn Björnsson CTO
 Chief Tech/Sci/R&D Officer - 23-03-05
Andrés Fjeldsted CMP
 Compliance Officer - -
Birna Hlin Káradóttir COO
 Chief Operating Officer 46 19-08-31
Theodor Fridbertsson IRC
 Investor Relations Contact - 19-09-22
Úlfar Freyr Stefánsson PRN
 Corporate Officer/Principal - 13-10-31
Eirikur Dor Jonsson TRE
 Treasurer - 09-03-31
Iða Brá Benediktsdóttir PRN
 Corporate Officer/Principal - 98-12-31
Anna Sif Jónsdóttir AUD
 Comptroller/Controller/Auditor 53 22-08-31

Members of the board

Members of the board TitleAgeSince
Benedikt Gíslason CEO
 Chief Executive Officer 50 18-09-04
Steinunn Kristin Thordardottir BRD
 Director/Board Member 52 17-11-29
Liv Fiksdahl BRD
 Director/Board Member 59 19-03-19
Paul Richard Horner CHM
 Chairman 62 19-08-08
Gunnar Sturluson BRD
 Director/Board Member 57 19-08-08

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 1,461,130,256 1,191,739,973 ( 81.56 %) 14,000,000 ( 0.9582 %) 81.56 %

Shareholders

NameEquities%Valuation
Gildi - Lífeyrissjóður
9.850 %
143,832,099 9.850 % 146 M kr
Lífeyrissjóður Starfsmanna Ríkisins
9.620 %
140,473,583 9.620 % 143 M kr
Lífeyrissjóður verslunarmanna
9.020 %
131,712,237 9.020 % 134 M kr
Stodir hf
5.380 %
78,560,071 5.380 % 80 M kr
Birta Pension Fund
3.588 %
52,397,000 3.588 % 53 M kr
Brú Lífeyrissjóður Starfsmanna Sveitarfélaga
3.580 %
52,276,032 3.580 % 53 M kr
Frjálsi lífeyrissjóðurinn
3.550 %
51,837,964 3.550 % 53 M kr
Stapi Lífeyrissjóður
2.850 %
41,610,000 2.850 % 42 M kr
Hvalur hf
2.523 %
36,844,000 2.523 % 37 M kr
Festa Pension Fund
2.380 %
34,748,000 2.380 % 35 M kr
NameEquities%Valuation
Eurizon Capital SA
0.0317 %
462,408 0.0317 % 467 051 kr
Storebrand Asset Management AS
0.0221 %
322,748 0.0221 % 325 988 kr
FCG Fonder AB
0.000472 %
6,887 0.000472 % 6 956 kr
Case Kapitalförvaltning AB
0.000445 %
6,500 0.000445 % 6 565 kr
Origo Fonder AB
0.000021 %
312 0.000021 % 315 kr

Holdings

NameEquities%Valuation
EIK FASTEIGNAFÉLAG HF.
9.67%
 331,166,701 9.67% 25,748,211 $
ARION BANKI HF.
1.07%
 15,696,989 1.07% 15,933,229 $
REGINN HF.
4.24%
 76,724,791 4.24% 12,703,324 $
SÝN HF.
5.94%
 14,907,680 5.94% 4,464,403 $

Company contact information

Arion Banki HF

Borgartúni 19

105, Reykjavík

+354 444 7000

http://www.arionbanki.is
address Arion banki hf.(ARION)

Group companies

NameCategory and Sector
Vörour tryggingar hf
Logo Vörour tryggingar hf

Vörour tryggingar hf

Insurance Brokers/ServicesFinance

Part of Arion Banki HF, Vörður tryggingar hf is a private company based in Reykjavík, Iceland that provides insurance services.

Insurance Brokers/Services
Stefnir hf
Logo Stefnir hf

Stefnir hf

Investment ManagersFinance

Stefnir hf is the wholly-owned asset management subsidiary of Arion banki HF, ultimately held by Kaupthing ehf in Iceland. Headquartered in Reykjavik, the firm was founded in 1996 and manages the Stefnir range of mutual, investment and institutional investment funds for retail and professional clients.

Investment Managers
OKKAR líftryggingar hf
Logo OKKAR líftryggingar hf

OKKAR líftryggingar hf

Life/Health InsuranceFinance

Part of Arion Banki HF, OKKAR líftryggingar hf provides life insurance. The private company is based in Reykjavík, Iceland.

Life/Health Insurance
Valitor Hf
Logo Valitor Hf

Valitor Hf

Finance/Rental/LeasingFinance

Part of Arion Banki HF, Valitor Hf is a financial technology company that offers payment solutions through its platform, Rapyd. The private company is based in Hafnarfjorour, Iceland. Users can receive and send payments from anywhere using Rapyd.

Finance/Rental/Leasing
Arion Bank Mortgages Institutional Investor Fund
Investment Trusts/Mutual Funds
BG12 GP hf.
Logo BG12 GP hf.

BG12 GP hf.

Financial ConglomeratesFinance

Part of Arion Banki HF, BG12 GP hf. The private company is based in Reykjavík, Iceland. provides investment services.

Financial Conglomerates
BG12 slhf.
Logo BG12 slhf.

BG12 slhf.

Financial ConglomeratesFinance

Part of Arion Banki HF, BG12 slhf. is an investment holding private company. The company is located in Iceland.

Financial Conglomerates
Eignarhaldsfélagid Landey ehf
Einkaklúbburinn ehf

Sector

Financials
Banking & Investment Services
Banking Services
Banks
Other Banks

Sales per Business

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
145 ISK
Average target price
150.5 ISK
Spread / Average Target
+3.79%
Consensus

Quarterly earnings - Rate of surprise

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