Brief: Arion Bank Net Earnings Of Approximately Isk 7.8 Billion

Arion banki hf

14/07/2021 15:03

July 14 (Reuters) - Arion banki hf  ARION.IC :
    * ARION BANK: PRELIMINARY FINANCIAL RESULTS FOR Q2 2021 – NET EARNINGS OF APPROXIMATELY ISK
7.8
BILLION
    * PRELIMINARY FINANCIAL RESULTS FOR Q2 2021 SHOW NET EARNINGS OF APPROXIMATELY ISK 7.8
BILLION AND
CALCULATED RETURN ON EQUITY ON AN ANNUAL BASIS OF MORE THAN 16%
    * OPERATING INCOME FOR QUARTER WAS ISK 15 BILLION
    * Q2 PRELIM CORE INCOME (NET INTEREST INCOME, NET COMMISSION INCOME AND NET INSURANCE
INCOME) WAS
APPROXIMATELY ISK 12 BILLION, REPRESENTING A 10,5% INCREASE FROM Q2 2020.
    * MAIN CHANGE BETWEEN YEARS IS IN NET IMPAIRMENTS, WITH POSITIVE ISK 0.8 BILLION DURING Q2
2021,
COMPARED WITH NEGATIVE ISK 0.9 BILLION IN Q2 2020
    * NET COMMISSION INCOME IN Q2 2021 WAS ISK 3.6 BILLION, COMPARED WITH NET COMMISSION INCOME
OF ISK
2.7 BILLION IN Q2 2020.

Source text for Eikon:  ID:nMFN6k3fkm 
Further company coverage:  ARION.IC 

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