Arion Bank
Arion Banki hf. (formerly Nýja Kaupþing hf or New Kaupthing) is an Icelandic bank with roots tracing back to 1930. The bank operates in the Greater Reykjavík area as well as in the largest urban areas around the country. In 2016 the bank had the third largest market share of the current accounts in Iceland (30%), behind Landsbankinn (36.1%) and Íslandsbanki (31%). The Bank has 13 branches all over the country and over 100,000 customers. In recent years, the bank has faced criticism for shutting down several of its branches in smaller towns throughout Iceland.
| Company type | Hlutafélag |
|---|---|
Traded as | Nasdaq Iceland: ARION |
| ISIN | US9497461015 |
| Industry | Banking |
| Predecessors | |
| Founded | July 1, 1930 in Reykjavík, Iceland (as Búnaðarbanki Íslands) April 2003 (as KB Banki) October 18, 2008 (as Arion Banki) |
| Headquarters | Reykjavík, Iceland |
Number of locations | |
Area served | Iceland |
Key people | Benedikt Gíslason (CEO) Brynjólfur Bjarnason (Chairman) |
| Products | Consumer banking, corporate banking, mortgage loans, private banking, private equity, wealth management, credit cards |
| Revenue | ISK 50.764 billion (2020) |
| ISK 26.323 billion (2020) | |
Net income | ISK 12.469 billion (2020) |
| Total assets | ISK 1.172 trillion (2020) |
| Total equity | ISK 197.845 billion (2020) |
Number of employees | 776 (End of 2020) |
| Subsidiaries |
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| Website | www.arionbanki.is |
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