Brief: Arion Banki Prelim Q1 Operating Income At ISK 13 Bln

Arion banki hf

19/04/2021 15:51

April 19 (Reuters) - Arion banki hf  ARION.IC :
    * PRELIMINARY FINANCIAL RESULTS FOR Q1 2021 SHOW NET
EARNINGS OF
APPROXIMATELY ISK 6 BILLION AND CALCULATED RETURN ON EQUITY ON
AN ANNUAL BASIS OF MORE THAN 12%
    * OPERATING INCOME FOR QUARTER WAS ISK 13 BILLION
    * OPERATING EXPENSES FOR QUARTER WERE APPROXIMATELY ISK 6
BILLION,
DECREASING BY 2.5% FROM Q1 2020
    * LOANS TO CUSTOMERS INCREASED BY 1.7% DURING Q1 OF 2021
    * IT IS APPROPRIATE TO ITERATE THAT THERE IS STILL SOME
UNCERTAINTY IN BANK'S OPERATIONAL ENVIRONMENT RELATED TO
DEVELOPMENT OF COVID-19 PANDEMIC AND ITS EFFECT ON ICELANDIC
ECONOMY

Source text for Eikon:  ID:nMFN6kWyKD 
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