Please see attached announcement.  

The Capital Markets Day of Kvika banki hf. will be held today, Thursday, November 7, from 12:00 to 16:00 in Harpa’s Northern Lights Hall. The meeting will be streamed live on Kvika's website.

At a board meeting on 6 November 2024, the Board of Directors and the CEO approved the interim financial statements of Kvika banki hf. (“Kvika” or “the bank”) for the third quarter and first nine months of 2024.

The Board of Directors of Kvika banki hf. is set to approve the financial statements of the Group for the third quarter and the first nine months of 2024 at a board meeting on Wednesday 6 November. The financial statements will subsequently be published after domestic markets have closed.

The Board of Directors of Kvika banki hf. is set to approve the financial statements of the Group for the third quarter and the first nine months of 2024 at a board meeting on Wednesday 6 November. The financial statements will subsequently be published after domestic markets have closed.

In week 35 Kvika banki hf. („Kvika“ or „the bank“) purchased 4,459,947 of its own shares at the purchase price 73,284,500 ISK. See further details below:

Sigurgeir Guðlaugsson, previously a deputy on the board of Kvika banki, will replace Guðmund Arnar Þórðarson as a new board member. Sigurgeir was elected as a deputy in 2021 and currently serves as the CEO of Genís hf.

Gudmundur Thordarson has been appointed to the new position of manager of business development at Kvika. Gudmundur will lead the Kvika group's customer relations as well as coordinate the marketing efforts of the bank's revenue divisions. He will also develop new products and services in collaboration with other areas of the bank. Gudmundur will leave the bank's board and take a seat on the executive board.

At a board meeting on 14 August 2024, the Board of Directors and the CEO approved the interim financial statements of the Kvika banki hf. (“Kvika” or “the bank”) for the second quarter and first six months of 2024.

The Board of Directors of Kvika banki hf. is set to approve the financial statements of the Group for the second quarter and the first six months of 2024 at a board meeting on Wednesday 14 August. The financial statements will subsequently be published after domestic markets have closed.

At the Annual General Meeting of Kvika banki hf. (“Kvika” or the “bank”) on 21 March 2024, the shareholders approved to authorise the board of directors to buy up to 10% of issued shares in the bank, to among other things enable the board of directors to carry out a formal buyback programme.

Kvika banki hf. has today concluded the sale of additional Tier-2 subordinated bonds in the amount of ISK 500 million in the series KVIKA 34 1211 T2i. The series were originally issued in December 2023 for ISK 2,000 million. The size of the series will amount to ISK 2,500 million after the tap issuance. 

Moody’s Investors Service (“Moody’s”) today confirmed Kvika banki hf.’s („Kvika“) long-term and short-term deposit ratings of Baa1/P-2, the long-term issuer ratings of Baa2, and the Baseline Credit Assessment (BCA) and Adjusted BCA of ba1.

Following the signing of an agreement to sell 100% of TM tryggingar hf. to Landsbankinn hf., and the anticipated changes to the Kvika group ("Kvika" or "the bank"), the office of the CEO has been restructured.

Kvika banki hf. ("Kvika" or "the bank") and Landsbankinn hf. signed a purchase agreement today, in which Landsbankinn hf. purchases 100% of TM tryggingar hf. (“TM”) shares.

Kvika has today concluded a SEK 500 million tap of floating rate bonds issued in May 2023. Kvika previously issued SEK 275 million, bringing the total issued amount to SEK 775 million in the series.

Please see attached announcement on transaction of closely associated person.

At a board meeting on 2 May 2024, the Board of Directors and the CEO approved the interim financial statements of the Kvika banki hf. (“Kvika” or “the bank”) group for the period 1 January to 31 March 2024.