Moody’s Investors Service (“Moody’s”) today announced that it has upgraded Kvika Banki hf.’s („Kvika“) long-term deposit ratings to Baa1 from Baa2.
International ratings agency Moody’s Investors Service („Moody‘s“) has assigned a first time Baa2 long-term and Prime-2 short-term foreign and local currency bank deposit and issuer ratings to Iceland’s Kvika Banki hf („Kvika“).
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.
Today Kvika banki started trading of its shares on the Main Market of Nasdaq Iceland.
Auður offers savings accounts for individuals with 4% interest.
All of the conditions for the acquisition have now been fulfilled.
The objective of this new incentive fund for student teachers is to promote the discussion and awareness of the importance of teacher education.
Kvika increases its profit by 10%. The greatest growth was in income from asset management.