Brief: Islandsbanki Reports Preliminary Q4 Net Profit At ISK 7.1 Bln

Islandsbanki hf

13/01/2022 15:48

Jan 13 (Reuters) - Islandsbanki hf  ISB.IC :
    * POSITIVE PROFIT WARNING FOR Q4 2021
    * PRELIMINARY FINANCIAL RESULTS FOR 4Q21 INDICATE A NET
PROFIT OF
APPROXIMATELY ISK 7.1BN
    * NET PROFIT AFTER TAX FOR 4Q20 WAS ISK 3.5BN WITH A 7.6%
ANNUALISED RETURN ON EQUITY.
    * TOTAL OPERATING INCOME FOR 4Q21 WAS APPROXIMATELY ISK
13.1BN, AN
8.8% INCREASE FROM 4Q20
    * Q4 NET INTEREST INCOME WAS ISK 8.6BN, NET FEE AND
COMMISSION
INCOME ISK 3.7BN AND NET FINANCIAL INCOME ISK 0.7BN
    * Q4 RESULT AFFECTED BY ISK 1.1BN PROFIT FROM DISCONTINUED
OPERATIONS AND ISK 0.6BN OF POSITIVE NET IMPAIRMENT OF FINANCIAL
ASSETS, MOSTLY DUE TO A MORE FAVOURABLE OUTLOOK FOR LOAN
EXPOSURES IN TOURISM SECTOR

Source text for Eikon:  ID:nGNE8zlz5n 
Further company coverage:  ISB.IC 

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