Brief: Arion Banki Says Discontinued Operations, Assets Held For Sale Have Negative Impact Of ISK 8 Bln On Q4 2019 Financial Results
23/01/2020 21:13
Jan 23 (Reuters) - Arion banki hf ARION.IC :
* DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE HAVE A
NEGATIVE
IMPACT OF ISK 8 BILLION ON Q4 2019 FINANCIAL RESULTS
* EFFECT ON BANK'S CAPITAL RATIOS IS INSIGNIFICANT AND
RATIOS
REMAIN ROBUST
* ARION BANKI - REPORTS NET EARNINGS FOR 2019 OF ABOUT ISK 1
BILLION AFTER TAKING INTO ACCOUNT IMPACT OF DISCONTINUED
OPERATIONS AND ASSETS HELD FOR SALE
* ACCORDING TO AN IMPAIRMENT TEST IT WILL BE NECESSARY TO
MAKE AN
IMPAIRMENT OF VALITOR'S INTANGIBLE ASSETS OF ISK 4 BILLION
* BOARD OF DIRECTORS OF VALITOR APPROVED A NEW BUSINESS PLAN
AT
ITS MEETING EARLIER THURSDAY
* ARION BANKI - IMPAIRING STAKKSBERG'S ASSETS WHICH WILL
HAVE A
NEGATIVE IMPACT ON BANK'S Q4 RESULTS OF ISK 2.3 BILLION AFTER
TAX
Source text for Eikon: ID:nGNEb8hhLY
Further company coverage: ARION.IC
((Reuters.Briefs@thomsonreuters.com;))