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S&P Global Ratings affirms Arion Bank´s ratings at BBB/A-2, outlook revised to stable from negative

MARKN.

S&P global ratings has today affirmed the rating for Arion Bank and revised the outlook to stable from negative

S&P Global Ratings assessment on economic risk facing Iceland´s banks are receding in tandem with a stabilizing housing market and unwinding private sector leverage and therfore see´s the economic risk trend as positive.

S&P expect Iceland will continue to post solid growth following an already substantial recovery from the pandemic-induced recession, with GDP growth of 3.8% in 2023 and averaging 2.5% in 2024-2026.

S&P expects the industry risks affecting the banking sector as broadly stable, with incumbent banks remaining profitable and well-capitalized.

For any further information please contact:

Theodór Friðbertsson, Head of Investor Relations at Arion Bank, ir@arionbanki.is, tel. +354 856 6760 or Eirikur Dor Jonsson, Head of Treasury at Arion Bank, eirikur.jonsson@arionbanki.is, tel. +354 856 7171

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RatingsDirect OutlooksRevisedOnThreeIcelandicBanksOnRecedingEconomicImbalances
S&P Global Ratings affirms Arion Bank´s ratings at BBB/A-2, outlook revised to stable from negative

Datum 2023-11-17, kl 13:59
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RatingsDirect OutlooksRevisedOnThreeIcelandicBanksOnRecedingEconomicImbalances
S&P Global Ratings affirms Arion Bank´s ratings at BBB/A-2, outlook revised to stable from negative
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