The Board of Kvika banki has engaged Armann Thorvaldsson as the bank’s CEO, effective as of today.
In light of the events of the past few days and the fact that a shareholder meeting will likely be called at Islandsbanki with a possible election of its board of directors, Kvika banki's board of directors have decided to discontinue merger negotiations.
Earnings Excluding Net Financial Income in line with Expectations
Kvika believes that merging the two banks would create a strong financial institution with an optimal revenue combination.
Kvika banki receives a score of 86/100 and an A3 rating, which is well above average in all ESG categories when compared to the 35 domestic issuers.
Kvika publishes its first sustainability report
Good Performance Across All Segments
Kvika Securities has completed the acquisition of a majority shareholding in Ortus Secured Finance
Kvika has published its sustainability report for 2021. The report marks a turning point as this is the first time Kvika has published such a report. Until now, ESG reports have been published annually, but such information is now part of the sustainability report.
Kvika banki hf. has agreed heads of terms with the shareholders and the management team of Ortus Secured Finance Ltd. to acquire a majority shareholding in Ortus.
Kvika has issued a Green Financing Framework which frames the bank’s policy on green financing and lending. The Green Financing Framework describes, among other things, the bank’s sustainability policy, Kvika’s sustainability governance, and how funds are to be allocated to finance or re-finance green projects, including environmentally friendly lending.
Kvika Bank has received a commendation of good governance for the year 2020.
UNICEF Iceland and Kvika Bank signed a two-year partnership agreement this week, this co-operation with Kvika has become one of the most successful corporate partnerships here in Iceland. Kvika has been the main partner of UNICEF Iceland in the banking sector since 2011, and, on top of that, also a distinct Patron of Global Parents.
Opening bell at Nasdaq Iceland on the first day of trading.
Kvika has today completed the acquisition of 100% shares in Aur app ehf.
Good results and growth in all income streams.
Good results and strong growth in fee and commission income.
One of the largest asset and fund management companies in Iceland.
Kvika has been awarded Bank of the Year 2019 by the Banker for the second time in a row.
The Board of Directors of the bank has appointed Marinó Örn Tryggvason new CEO of Kvika.