The 2016 Annual Report and Pillar 3 Report
Íslandsbanki has published its 2016 Annual Report and Pillar 3 Report. The reports contain interesting information on the Bank’s activities and policies.
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: www.islandsbanki.is/ir.