Brief: Arion Banki Preliminary Q3 Net Earnings At About ISK 8.2 Bln

Arion banki hf

13/10/2021 15:41

Oct 13 (Reuters) - Arion banki hf  ARION.IC :
    * PRELIMINARY FINANCIAL RESULTS FOR Q3 2021 - NET EARNINGS OF APPROXIMATELY ISK 8.2 BILLION
    * PRELIMINARY FINANCIAL RESULTS FOR Q3 2021 SHOW NET EARNINGS OF APPROXIMATELY ISK 8.2
BILLION AND
CALCULATED RETURN ON EQUITY ON AN ANNUAL BASIS OF AROUND 17%
    * OPERATING EXPENSES FOR QUARTER WAS ISK 5.6 BILLION AND INCREASED BY 7% FROM Q3 LAST YEAR.
    * Q3 OPERATING INCOME ISK 15 BILLION, OF WHICH CORE INCOME ISK 12.7 BILLION, REPRESENTING
7.5%
INCREASE FROM Q3 2020
    * Q3 NET IMPAIRMENTS WERE POSITIVE ISK 0.7 BILLION VERSUS NEGATIVE ISK 1.3 BILLION YEAR AGO
FOLLOWING UNCERTAINTY OF COVID-19 PANDEMIC

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