Brief: Arion Bank's Financial Results For Q4 2019 And For Year 2019

Arion banki hf

12/02/2020 18:41

Feb 12 (Reuters) - Arion banki hf  ARION.IC :
    * ARION BANK'S FINANCIAL RESULTS FOR Q4 2019 AND FOR YEAR
2019
    * REPORTED NEGATIVE NET EARNINGS OF ISK 2,775 MILLION FOR Q4
    * NET EARNINGS FOR YEAR 2019 AMOUNTED TO ISK 1,100 MILLION,
COMPARED WITH ISK 7,777 MILLION IN 2018
    * RETURN ON EQUITY WAS 0.6% IN 2019, COMPARED WITH 3.7% IN
2018
    * NET EARNINGS FROM CONTINUING OPERATIONS AMOUNTED TO ISK
5,209
MILLION FOR Q4 VERSUS ISK 2,132 MILLION FOR Q4 OF 2018
    * RETURN ON EQUITY WAS NEGATIVE BY 5.8% FOR Q4 OF 2019,
COMPARED
WITH A POSITIVE RETURN OF EQUITY OF 3.2% IN 2018
    * BANK'S CAPITAL RATIO AT END OF 2019 WAS 24.0%, COMPARED
WITH
22.0% AT END OF 2018
    * CET 1 RATIO WAS 21.2% AT END OF 2019, SAME AS IT WAS AT
END OF
2018
    * BOARD PROPOSES A DIVIDEND PAYMENT IN 2020 OF ISK 10.0
BILLION
EQUALING ISK 5.5 PER SHARE
    * TOTAL ASSETS AMOUNTED TO ISK 1,082 BILLION AT END OF 2019,
COMPARED WITH ISK 1,164 BILLION AT END OF 2018
    * NET EARNINGS FROM CONTINUING OPERATIONS AMOUNTED TO ISK
14,055
MILLION FOR 2019 VERSUS ISK 8,938 MILLION FOR 2018
    * ARION BANKI - RETURN ON EQUITY FROM CONTINUING OPERATIONS
MEASURED 10.8% FOR Q4 AND 7.2% FOR 2019, COMPARED WITH 4.3% FOR
BOTH Q4 AND YEAR 2018

Source text for Eikon:  ID:nGNE5jrTlF 
Further company coverage:  ARION.IC 

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