Arion banki hf.
Regarding the advisory opinion from the EFTA Court, 24 November 2014

Arion Bank hf. 

24.11.2014 10:34

Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

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Today, 24 November, the EFTA court issued an advisory opinion on CPI-linked
loans to consumers. It is the role of the Icelandic courts to assess the impact
of the opinion on the treatment of the case and its conclusions. The case can
be expected to take 6-12 months before the courts. 

If the Icelandic courts decide that the lender did not adequately inform the
consumer of the effect of indexation provisions in the loan agreement, then
this may have financial consequences for Arion Bank, although this would not
jeopardize the Bank's financial stability.  The Bank is financially strong,
with equity of ISK 160 billion and a capital ratio which well exceeds the
requirements made by the FME. 



For further information please contact Haraldur Gudni Eidsson, Arion Bank's
Communications division, haraldur.eidsson@arionbanki.is, tel: +354 856 7108.
News Source: NASDAQ OMX



24.11.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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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