Annual Report 2017
Equal rights are important to Íslandsbanki, as they are to Icelandic society as a whole. Employee diversity is an absolute prerequisite for strong business operations, and it is beyond doubt that gender equality benefits everyone
Chief Executive’s review
2017 was a transformative year for us at Íslandsbanki. We introduced a new organisational structure, completed the move to our new headquarters, and revamped the Bank’s core systems. We look forward to rolling out a number of innovative services in 2018, which will be beneficial for our customers and help us maintain our position as a leading service provider.
A net profit of ISK 13.2bn compared to ISK 20.2bn in 2016. The net profit from regular operations amounted to ISK 13.8bn compared with ISK 15.1bn in 2016.
New lending amounted to ISK 199bn, as opposed to ISK 163bn in the previous year, an increase of 22%.
For five years in a row, Íslandsbanki has been named Iceland’s #1 bank in the Icelandic Customer Satisfaction Index
Net fee and commission income amounted to ISK 13.8bn, which is comparable to the prior year
Íslandsbanki‘s Annual Report 2017 together with the Consolidated Financial Statements, Pillar 3 Report and Social Responsibility Report (in Icelandic), provide an extensive overview of the Bank‘s operations and business activities over the year. The reports are available in PDF format.
In addition, all 2017 investor material, including the press release, fact sheet, fact book and video, is available here.