Brief: Arion Bank Q3 Operating Income Up At ISK 12.34 Bln

Arion banki hf

31/10/2019 08:51

Oct 31 (Reuters) - ARION BANKI HF  ARION.IC :
    * REPORTED ON WEDNESDAY Q3 NET EARNINGS ISK 0.8 BLN VS ISK
1.1 BLN
YR AGO
    * Q3 NET EARNINGS FROM CONTINUING OPERATIONS ISK 3.80 BLN VS
ISK
1.35 BLN YR AGO
    * Q3 NET INTEREST INCOME ISK 7.38 BLN VS ISK 7.21 BLN YR AGO
    * Q3 OPER INCOME ISK 12.34 BLN VS ISK 11.90 BLN YR AGO
    * THE BANK REMAINS FINANCIALLY ROBUST AND THE LIQUIDITY
RATIO IS
STRONG
    * DECIDED TO INITIATE A SHARE BUY-BACK PROGRAM AMOUNTING TO
ISK
4.5 BILLION, WHICH WILL COMMENCE ON 31 OCTOBER, 
    * THE BUYBACK IS DESIGNED TO REDUCE THE BANK’S EQUITY

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE8qkt2V
    
 Further company coverage:  ARION.IC  
   


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