The 2016 Annual Report and Pillar 3 Report

24.02.2017 - IR Releases

Íslandsbanki has published its 2016 Annual Report and Pillar 3 Report. The reports contain interesting information on the Bank’s activities and policies.

Íslandsbanki Pillar 3 Report & Annual Report 2016

Annual Report 2016

The Annual Report gives a comprehensive overview of the Bank’s operations and how Íslandsbanki has clearly distinguished itself from its competitors in terms of strategy, innovation and performance.

Íslandsbanki made significant strides in its operations in 2016 and was, among other things, named the best bank in Iceland by both The Banker and Euromoney. The Bank’s customers are also the most satisfied in Iceland, according to the Icelandic Customer Satisfaction Index – an honour the Bank has received for four years in a row.

In 2016, Íslandsbanki rolled out progressive digital solutions enabling its customers to simplify their banking activities. Among them are the mobile payment app Kass, recently selected as the best app in Iceland, and the online credit assessment function, which expedites the mortgage application process.

The report also highlights a few examples of how the Bank´s vision to be #1 for service and its strategic themes: Multiply, Simplify and Unify colour all the Bank’s activities:

  • Multiply – to do more business with the three key groups we serve: people, companies and institutional investors
  • Simplify – to streamline our customers´ experience through digitisation and enhanced operational efficiency
  • Unify - to have a positive impact on the community and collaborate with other companies on projects for the good of society at large

Pillar 3 Report 2016

The Pillar 3 Report provides information to market participants and other stakeholders that facilitate a better understanding of the Bank’s risk profile, capital and liquidity adequacy. The report shows that at year-end 2016 the Bank was in compliance with internal and external risk limits and that its liquidity and equity positions remain strong.

A dynamic team of Bank employees participated in preparing the reports, which we hope will provide both our customers and stakeholders with a good overview of the Bank´s operations.

Both the Annual Report and the Pillar 3 are enclosed as attachments, but all of the financial information can be found on the Investor Relations page on the Bank’s website:

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