Company Analysis - Commissioned /
Iceland

Arion Bank: From capital distribution to capital build

  • Arion Bank has returned ISK87bn to shareholders over the past c3 years, equivalent to 44% of its market capitalisation

  • The current buy-back programme is likely to be the last. Ratings agencies want the firm to re-build its capital ratios

  • We lower our forecasts for the new environment and cut our fair value estimate to ISK140 per share

Arion Bank: From capital distribution to capital build
Rahul Shah
Rahul Shah

Head of Corporate & Thematic Research

Tellimer Research
19 May 2023
Published byTellimer Research

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