Arion Bank is an Icelandic universal bank providing retail, corporate and investment banking products and services to individuals and business entities.
Arion Bank is the 2nd largest bank in Iceland in terms of total assets. In 2018 its total assets were 1 164,33 bln ISK, providing the bank with the market share of 31.17%. Arion Bank is the 2nd largest commercial bank in Iceland (out of 4 commercial banks) having market share of 31.39% amongst the banks of this category. In 2018 the bank's annual profit was 7 777,00 mln ISK.
Arion Bank participates in the deposit guarantee scheme of Iceland. This deposit guarantee scheme applies to any credit balance made by natural persons and covers up to up to 1,700,000 ISK per bank per depositor. Arion Bank is a member of Icelandic Depositors’ and Investors’ Guarantee Fund (TIF) and makes its contributions into it.
Arion Bank is headquartered in Reykjavík.
Arion Bank is authorized and supervised by the Central Bank of Iceland.