Brief: Arion Banki Says Preliminary Financial Results For Q2 2020 Show Net Earnings Of Isk 4.9 Bln

Arion banki hf

22/07/2020 16:55

July 22 (Reuters) - Arion banki hf  ARION.IC :
    * PRELIMINARY FINANCIAL RESULTS FOR Q2 2020 SHOW NET
EARNINGS OF
ISK 4.9 BILLION
    * PRELIMINARY FINANCIAL RESULTS FOR Q2 2020 SHOW CALCULATED
RETURN
ON EQUITY ON AN ANNUAL BASIS OF 10.5%
    * NET EARNINGS FOR Q2 ARE POSITIVELY IMPACTED BY DEVELOPMENT
IN
EQUITY AND BOND MARKETS
    * NET IMPAIRMENT DURING Q2 AMOUNTS TO APPROXIMATELY ISK 1
BILLION

Source text for Eikon:  ID:nGNE8QpqGp 
Further company coverage:  ARION.IC 

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