AFL – sparisjóður

Business Focus

retail banking

AFL – sparisjóður (en. AFL Savings bank) was a subsidiary of Arion Bank. On June 5, 2015 the merger between AFL Savings Bank annd Arion Bank was approved by the FME. During several months before the merger approval AFL Savings Bank was not able to meet FME's solvency ratio requirements.

Bank Category

Savings banks

Ways to Bank

AFL – sparisjóður delivered its products and services through both direct and indirect channels, namely:
online banking


Total Assets of AFL – sparisjóður
Annual_profit of AFL – sparisjóður
Total Assets (2014)
14,917.01 mln ISK  (-0.97%)
Annual Profit (2014)
-188,932,000.00 ISK

In 2014 total assets of AFL – sparisjóður were 14 917,01 mln ISK. In 2014 the bank's annual profit was -188,93 mln ISK.

Deposit Guarantee

Guarantee Fund
Icelandic Depositors’ and Investors’ Guarantee Fund (TIF)Icelandic Depositors’ and Investors’ Guarantee Fund (TIF)
Protected Amount
up to 1,700,000 ISK
Eligible Depositors
natural persons
Covered Accounts
any credit balance

AFL – sparisjóður 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. AFL – sparisjóður is a member of Icelandic Depositors’ and Investors’ Guarantee Fund (TIF) and makes its contributions into it.


Aðalgötu 34, 580, Siglufjörður, Iceland

AFL – sparisjóður was located in Siglufjörður.

Bank Identifiers

Company Number

Bank Supervision

Supervised By
Central Bank of Iceland

AFL – sparisjóður was authorized and supervised by the Central Bank of Iceland.

Bank History

Close Date
05 June 2015

See Also

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