Arion banki hf.
Standard & Poor’s revises outlook on Arion Bank’s credit rating from stable to positive

Arion Bank hf. 

14.10.2014 19:36

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Standard & Poor's (S&P) has affirmed Arion Bank's credit rating at BB+ and
upgraded the outlook from stable to positive. 

This comes after S&P revised the economic risk trend for Iceland from stable to
positive and stated that it expected economic imbalances to decline further.
S&P therefore considers the outlook for the financial market in Iceland to be
positive and expects a continued improvement in the banking system's asset
quality. In July S&P revised its outlook for the Icelandic sovereign from
stable to positive. 

Höskuldur H. Ólafsson, CEO of Arion Bank:

The Icelandic economy has improved recently according to all key criteria.
Arion Bank has also consolidated its position and today is well capitalized,
has good liquidity and enjoys a strong market position in Iceland. Standard &
Poor's decision affirms the Bank's financial strength and underlines the
positive outlook for the Icelandic economy. 



For further information please contact:

Bára Mjöll Thórdardóttir, Investor Relations, bara.thordardottir@arionbanki.is,
tel. +354 444 7159.

Haraldur Gudni Eidsson, Head of Arion Bank's Corporate Communications,
haraldur.eidsson@arionbanki.is, 
tel. +354 444 7108.
News Source: NASDAQ OMX



14.10.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      Arion Bank hf.
              
               
              Iceland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         IS0000021186
WKN:          
 
End of Announcement                             DGAP News-Service
 
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