Company Analysis - Commissioned /
Iceland

Arion Bank: Q2 results beat on higher revenues, low risk costs; capital return story intact

  • Q2 positives: fee income, credit risk costs, discontinued operation results. Tax and financial income were negatives

  • Fundamental improvements to revenue generating capacity, plus cost and capital discipline, are lifting ROE potential

  • Despite macro clouds (higher interest rates will stymie credit demand) the capital return story remains intact

Arion Bank: Q2 results beat on higher revenues, low risk costs; capital return story intact
Rahul Shah
Rahul Shah

Head of Corporate & Thematic Research

Tellimer Research
1 August 2022
Published byTellimer Research

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