Brief: Arion Banki reported Q1 Net Loss Of ISK 2,171 Mln Versus Net Earnings Of ISK 1,018 Mln For Same Period In 2019

Arion banki hf

06/05/2020 18:48

May 6 (Reuters) - Arion banki hf  ARION.IC :
    * NET LOSS OF ISK 1,282 MILLION FROM CONTINUING OPERATIONS
AND A
NET LOSS OF ISK 2,171 MILLION IN QUARTER
    * QTRLY RETURN ON EQUITY WAS NEGATIVE BY 4.6% AND 2.7% FROM
CONTINUING OPERATIONS
    * TOTAL ASSETS AMOUNTED TO ISK 1,188 BILLION AT END OF MARCH
2020,
COMPARED WITH ISK 1,082 BILLION AT END OF 2019
    * BANK'S CAPITAL RATIO AT END OF MARCH 2020 WAS 27.5%,
COMPARED
WITH 24.0% AT END OF 2019
    * CET 1 RATIO WAS 22.5% AT END OF MARCH 2020, COMPARED WITH
21.2%
AT END OF 2019
    * COVID-19 HAD A SUBSTANTIAL EFFECT ON ICELANDIC ECONOMY AND
ARION
BANK DURING LAST MONTH OF Q1 OF 2020
    * Q1 NET LOSS OF ISK 2,171 MILLION VERSUS NET EARNINGS OF
ISK
1,018 MILLION FOR SAME PERIOD IN 2019

Source text for Eikon:  ID:nGNE2fvP3r 
Further company coverage:  ARION.IC 

 ((Reuters.Briefs@thomsonreuters.com;))