Íslandsbanki publishes a Pillar 3 Report


Íslandsbanki has published a Pillar 3 Report for the year 2015. The report provides information to market participants and other stakeholders that facilitate a better understanding of the Bank’s risk profile and capital adequacy. The report shows that at year-end 2015 the Bank was in compliance with internal and external risk limits and the liquidity and equity position remain strong.

The credit quality of the loan book continues to increase
Problem loans, i.e. loans that are either impaired or more than 90 days past due, are down from 3.5% to 2.2%. Compared to statistics from the European Banking Authority (EBA), Íslandsbanki’s problem loans ratio ranks among the 25% best of European banks.

Revision of the Bank’s capital targets
Íslandsbanki´s Board of Directors has decided to increase the Bank´s minimum capital ratio from 18% to 23% for the near and medium term. The increase is based on more conservative requirements set forth by the Icelandic regulator and on the Bank’s view that it is prudent to retain a sizable strategic capital buffer through the near-term steps being taken towards the lifting of capital controls in Iceland.

Imbalances remain modest
Imbalances in the Bank’s balance sheet continue to be managed within reasonably tight limits, leaving the Bank only mildly exposed to unexpected fluctuations in exchange rates, interest rates and inflation.

Sverrir Örn Þorvaldsson, Chief Risk Officer:
“Íslandsbanki is constantly improving its risk and capital management infrastructure. The Pillar 3 Report provides comprehensive information on the risk position of Íslandsbanki and how the Bank manages its risk. The report also gives information on the regulatory environment and its development, particularly in Iceland. I hope that the report is accessible both for those looking for a bit of insight into how the Bank measures and manages risk, as well as experts desiring a deeper analytical basis to understand the Bank’s risk position”

Íslandsbanki´s Pillar 3 Report

Older news

Íslandsbanki issues EUR 300m bond and announces partial buyback of its 2020 EUR 500m bond

04.04.2019 - IR Releases
Íslandsbanki has today issued a EUR 300m 1.125% fixed rate senior unsecured bond for 3 years, at a spread of 130 basis points over mid-swaps.More

Annual General Meeting 2019 - agenda, candidates and proposals

The Annual General Meeting of Íslandsbanki hf. will be held on March 21, 2019 at the Bank's headquarters, Hagasmári 3, 201 Kópavogur at 15:00.More

Publication of 2018 Annual Report and Pillar 3 Report

13.02.2019 - IR Releases
Íslandsbanki has published an Annual Report and Pillar 3 Report for 2018. More

Annual Results 2018

13.02.2019 - IR Releases
The Bank and Íslandssjóðir turned in a good operating performance during the year, with a consolidated profit of ISK 10.6bn, while operational...More

Publication of 2018 year-end results

30.01.2019 - IR Releases
Close of business Wednesday, 13 February 2019More

Íslandsbanki to terminate credit rating contract with Fitch Ratings

30.01.2019 - IR Releases
Íslandsbanki informs that following expiration and by agreement of parties, the credit rating service contract between Fitch Ratings and Íslandsbanki...More

Ásmundur Tryggvason to direct Corporate and Investment Banking

Ásmundur Tryggvason has been engaged as director of Corporate and Investment Banking at Íslandsbanki. He replaces Vilhelm Már Þorsteinsson, who will...More