Arion Bank`s financial results for Q2 2020
(WorldNews Denmark)

Arion Bank hf. Half Year financial report Arion Bank`s financial results for Q2 2020 Arion Bank`s earnings improve substantially Net earnings of ISK 4,958 million from continuing operations, improvement of 76% from Q2 2019 Return on equity 10.5%, compared with 4.3% in Q2 2019 Net interest margin 2.9% and improves between years despite lowering interest environment Core revenues increase by 1.8% between years Operating expenses decreases by 3.5%, mainly due to organizational changes in 2019 Impairments on loans decrease from the first quarter but uncertainty remains due to the pandemic Valitor`s operations improve but volatility can be expected in discontinued operation at lower level Arion...