Brief: Arion Banki Says Reported Net Earnings Of ISK 4,958 Million From Continuing Operations In Q2

Arion banki hf

29/07/2020 17:42

July 29 (Reuters) - Arion banki hf  ARION.IC :
    * REPORTED NET EARNINGS OF ISK 4,958 MILLION FROM CONTINUING OPERATIONS IN Q2
    * TOTAL ASSETS AMOUNTED TO ISK 1,182 BILLION AT END OF JUNE 2020, COMPARED WITH ISK 1,082
BILLION
AT END OF 2019
    * BANK'S CAPITAL RATIO AT END OF JUNE 2020 WAS 28.1%, COMPARED WITH 24.0% AT END OF 2019
    * QTRLY NET INTEREST MARGIN 2.9% AND IMPROVES BETWEEN YEARS DESPITE LOWERING INTEREST
ENVIRONMENT
    * BANK IS COMMITTED TO ITS MEDIUM TERM TARGETS, ASSUMING ECONOMY RECOVERS IN THE MEDIUM TERM
    * Q2 RETURN ON EQUITY 10.5%, COMPARED WITH 4.3% IN Q2 2019
    * IMPAIRMENTS ON LOANS DECREASE FROM Q1 BUT UNCERTAINTY REMAINS DUE TO PANDEMIC

Source text for Eikon:  ID:nGNE51h0pG 
Further company coverage:  ARION.IC 

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