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Arion Bank information


Arion Banki hf.
Company typeHlutafélag
Traded as
Nasdaq Iceland: ARION
ISINUS9497461015
IndustryBanking
Predecessors
  • Kaupthing Bank
  • Agricultural Bank of Iceland
FoundedJuly 1, 1930 (93 years ago) (1930-07-01) in Reykjavík, Iceland (as Búnaðarbanki Íslands)
April 2003 (as KB Banki)
October 18, 2008 (as Arion Banki)
HeadquartersReykjavík, Iceland
Number of locations
  • 13 branches (2023)
  • 40 ATMs (2023)
Area served
Iceland
Key people
Benedikt Gíslason
(CEO)
Brynjólfur Bjarnason
(Chairman)
ProductsConsumer banking, corporate banking, mortgage loans, private banking, private equity, wealth management, credit cards
RevenueIncrease ISK 50.764 billion (2020)[1]
Operating income
Increase ISK 26.323 billion (2020)[1]
Net income
Increase ISK 12.469 billion (2020)[1]
Total assetsIncrease ISK 1.172 trillion (2020)[1]
Total equityDecrease ISK 197.845 billion (2020)[1]
Number of employees
776 (End of 2020)[1]
Subsidiaries
  • Vörður Insurance
  • Stefnir Asset Management
Websitewww.arionbanki.is

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%).[2] 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.[3]

  1. ^ a b c d e f "Annual Report 2020" (PDF). Arion Bank. 31 December 2020. Retrieved 10 January 2021.
  2. ^ Ten facts of Icelandic banks. "Tíu staðreyndir um íslensku bankana", Kjarninn, Reykjavík, 4 March 2016. Retrieved on 14 February 2018.
  3. ^ Guðlaugs Drífudóttir, Elsa María. "No bank in Blönduós when Arion closes in May (in Icelandic)". ruv.is. RÚV. Retrieved 10 September 2023.

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