Company Analysis - Commissioned /

Arion Bank: Strong Q2 results and Valitor sale lift buy-back prospects

  • Firing on all cylinders. Arion reported ISK7.8bn Q2 21 profit with all line items contributing to the strong performance

  • Scope for more buy-backs. Arion has cISK65bn excess capital and we expect corrective action to be taken in H2

  • Medium-term targets could be raised. Accelerated delivery on the current strategy could drive a re-evaluation

Rahul Shah
Rahul Shah

Head of Financials Equity Research

Tellimer Research
1 August 2021
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