Arion Bank hf.: Moody’s affirms Arion Bank’s long term issuer ratings with a stable outlook following that the merger between Arion Banka and Kvika will not proceed

Moody’s Ratings affirmed Arion Bank‘s A2 long-term and P-1 short-term foreign and local currency deposit ratings, the A3 long-term foreign and local currency issuer ratings and A3 senior unsecured rating with stable outlooks on the long-term ratings.

The rating action follows the announcement from Arion Bank on April 15, 2026 that its board of directors had decided to discontinue the merger plans.
 
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For any further information please contact:

Theodór Friðbertsson, 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

Attachments

Rating Action Moodys Ratings Affirms Arions 27Apr2026 PR 522898
Arion Bank hf.: Moody’s affirms Arion Bank’s long term issuer ratings with a stable outlook following that the merger between Arion Banka and Kvika will not proceed