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