Company Analysis - Commissioned /
Iceland

Arion Bank: Valitor sale keeps buyback tap open as corporate lending accelerates

  • Valitor disposal generates ISK5bn capital gains and frees up ISK11bn+ capital. ISK10bn buyback is already in the works

  • The central bank's rate hikes aim to cool the housing market but robust corporate lending will offset mortgage weakness

  • Q2 results due 27 July: Stronger margins, fees, corporate loans will counteract losses on investments, mortgage weakness

Arion Bank: Valitor sale keeps buyback tap open as corporate lending accelerates
Rahul Shah
Rahul Shah

Head of Corporate & Thematic Research

Tellimer Research
6 July 2022
Published byTellimer Research

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