Brief: Arion Banki Comments On Impact Of Wow Air's Ceased Operation

Arion banki hf

28/03/2019 09:36

March 28 (Reuters) - Arion banki hf  ARION.IC :
    * DIRECT IMPACT OF WOW AIR'S CEASED OPERATION WILL NOT HAVE
A
MATERIAL EFFECT ON ARION BANK'S FINANCIAL RESULTS
    * MEDIUM TERM FINANCIAL TARGETS, SUCH AS BANK'S CET 1
TARGET,
REMAIN UNCHANGED
    * ARION BANKI - EVENT WILL RESULT IN NON-RECURRING COST FOR
ARION
BANK WHICH DOES NOT DIRECTLY AFFECT BANK'S REGULAR INCOME AND
OPERATING EXPENSES
    * SAYS  IMPACT OF THIS EVENT ON TOURISM INDUSTRY AND
ICELANDIC
ECONOMY AS A WHOLE IS UNCERTAIN

Source text for Eikon:  ID:nGNE3THXZy 
Further company coverage:  ARION.IC 

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