News
Kvika closes new UK lower-middle market private equity fund
Kvika announces the successful closing of a new private equity fund, exceeding its target with strong investor support from Iceland and the UK.
20 March 2025
Kvika Securities Ltd is now Kvika Limited
Kvika Securities Ltd. has changed its name to Kvika Limited.
19 March 2025
Hafsteinn Hauksson Chief Economist of Kvika
Hafsteinn Hauksson has been appointed Chief Economist of Kvika.
18 January 2024
Richard Beenstock new CEO of Kvika Securities Ltd.
The Board of Kvika Securities Ltd. (KSL) has appointed Richard Beenstock as the new CEO of KSL.
6 December 2023
Armann Thorvaldsson new CEO of Kvika banki
The Board of Kvika banki has engaged Armann Thorvaldsson as the bank’s CEO, effective as of today.
20 August 2023
Kvika banki decides to discontinue merger negotiations with Islandsbanki
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.
30 June 2023
Kvika banki hf. Financial Results for the year 2022 and Earnings Outlook for the Next Four Quarters
Earnings Excluding Net Financial Income in line with Expectations
15 February 2023
Kvika banki and Islandsbanki commence merger discussions
Kvika believes that merging the two banks would create a strong financial institution with an optimal revenue combination.
9 February 2023
Kvika banki receives an ESG rating with excellent results
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.
20 December 2022
Kvika Publishes Its Sustainability Report
Kvika publishes its first sustainability report
24 February 2022
Financial Results of Kvika banki hf. for 2021
Good Performance Across All Segments
24 February 2022
Acquisition of Ortus Secured Finance
Kvika Securities has completed the acquisition of a majority shareholding in Ortus Secured Finance
24 February 2022
Kvika Publishes Its Sustainability Report
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.
22 February 2022
Kvika to acquire majority share in Ortus Secured Finance Ltd.
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.
25 October 2021
Kvika publishes a green financing framework for the first time
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.
12 October 2021
Kvika Bank has received a commendation of good governance for the year 2020
Kvika Bank has received a commendation of good governance for the year 2020.
26 August 2021
UNICEF Iceland and Kvika Renew Partnership Agreement
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.
26 August 2021
Marinó Örn Tryggvason and Sigurður Viðarsson rang the opening bell at Nasdaq Iceland
Opening bell at Nasdaq Iceland on the first day of trading.
6 April 2021
Kvika has acquired all shares in Aur app ehf.
Kvika has today completed the acquisition of 100% shares in Aur app ehf.
22 March 2021
Financial Results of Kvika banki hf. for 2020
Good results and growth in all income streams.
17 February 2021
Financial results for the first nine months of 2020
Good results and strong growth in fee and commission income.
12 November 2020
Kvika's asset management operations merged to form a single company Kvika Asset Management
One of the largest asset and fund management companies in Iceland.
1 September 2020
Bank of the Year 2019
Kvika has been awarded Bank of the Year 2019 by the Banker for the second time in a row.
8 January 2020
Marinó Örn Tryggvason new CEO of Kvika
The Board of Directors of the bank has appointed Marinó Örn Tryggvason new CEO of Kvika.
27 May 2019
Kvika to the Main Market
Today Kvika banki started trading of its shares on the Main Market of Nasdaq Iceland.
28 March 2019
Auður, daughter of Kvika
Auður offers savings accounts for individuals with 4% interest.
12 March 2019
Kvika acquires GAMMA
All of the conditions for the acquisition have now been fulfilled.
7 March 2019
New incentive fund for student teachers
The objective of this new incentive fund for student teachers is to promote the discussion and awareness of the importance of teacher education.
6 March 2019
Kvika increases its profit
Kvika increases its profit by 10%. The greatest growth was in income from asset management.
28 February 2019
Kvika granted broader operating licence in the UK
The British Financial Conduct Authority has granted a subsidiary of Kvika Bank hf., Kvika Securities Ltd., an operating licence as an Alternative Investment Fund Manager.
22 January 2019
Kvika increases funding for OSF II in the UK
Kvika, and its subsidiary in the UK, have concluded a GBP 12.5 million increase in funding for the British investment company OSF II.
3 December 2018
Kvika leads a group of investors investing in healthcare companies in the UK
Kvika has completed an investment project in the UK in which it led a group of domestic and foreign investors in the acquisition of a majority stake in the British company Cornerstone Healthcare.
3 October 2018
Kvika listed on First North Iceland
Trading in Kvika’s shares started on First North Iceland today. Kvika is the first bank to be listed on the Icelandic stock market since the financial crisis.
16 March 2018
Kvika’s Incentive Fund
The Incentive Fund is a cooperation project between Kvika and the Federation of Icelandic Industries aimed at promoting the discussion and awareness of the importance of vocational education and training and the significance of the professions related to it in the economy.
