Arion Bank hf.: Moody's affirms Arion Bank's long term issuer ratings with a stable outlook following potential merger announcement

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 May 27, 2025 that its board of directors has proposed opening merger talks with the board of directors of Kvika.

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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