Arion Bank has engaged Citi to advise on a potential change of ownership in Arion Bank’s subsidiary Valitor (the “Company”), which could include the divestment of all the shares or the majority of the shares in the Company. A further announcement is expected within the next 6-12 months.
Valitor offers diverse solutions in payment services in Europe and has offices in Iceland, Denmark and the United Kingdom.
07.02.2024
Arion Group posted solid financial results for 2023 which were in line with our targets. For the third year in succession, we reached all our key financial targets. Our unique and diverse service offering lays the foundations for a stable business.
More26.10.2023
Arion Bank reported net earnings of ISK 6,131m in the third quarter of 2023 and ISK 19,513m during the first nine months of the year. Return on equity was 12.9% for the quarter and 13.9% for the first nine months.
More26.07.2023
Arion Bank reported net earnings of ISK 7,091m in the second quarter of 2023 and ISK 13,382m during the first six months of the year. Return on equity was 15.5% for the quarter and 14.5% for the first six months.
More04.05.2023
Arion Bank reported net earnings of ISK 6,291m in the first quarter of 2023 with 13.7% return on equity. Total assets amounted to ISK 1,501bn at the end of March, compared with ISK 1,470bn at the end of 2022
More08.02.2023
Arion Bank reported net earnings of ISK 5,023m in the fourth quarter and ISK 25,416m for the year. Return on equity was 10.7% for the quarter and 13.7% for the year.
More26.10.2022
Arion Bank reported net earnings of ISK 4,863m in the third quarter and ISK 20,393m during the first nine months of the year. Return on equity was 10.5% for the quarter and 14.8% for the first nine months.
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