Íslandsbanki hf. Receives A3 Rating Affirmation from Moody’s
On June 10, 2025, Moody’s Ratings affirmed Íslandsbanki hf.’s A3 long-term foreign and local currency issuer ratings, maintaining a stable outlook. This affirmation, reported by multiple sources including keldan.is and Nasdaq Nordic, underscores the financial institution’s robust standing in the financial sector.
Strong External Position Despite Early-Year Challenges
Despite experiencing minor setbacks in the first quarter of the year, Íslandsbanki hf. reported a strong external position by the end of March. The improvement in the value of bond-indexed assets and a weakening of the US dollar against the Icelandic króna contributed significantly to this positive outcome. The strength of Íslandsbanki’s external position is crucial for supporting the Icelandic króna, helping to mitigate the risk of significant and prolonged depreciation.
Strategic Growth and Future Outlook
In recent years, Íslandsbanki hf. has explored various opportunities for both internal and external growth, both domestically and internationally. In discussions with ViðskiptaMorgunblaðið, Jón Guðni Ómarsson, the bank’s CEO, highlighted the recent public offering of government shares in the bank, potential merger discussions with Kvika, and the bank’s future vision. These strategic initiatives reflect Íslandsbanki’s proactive approach to navigating the financial landscape and positioning itself for future growth.
Overall, the affirmation of Íslandsbanki’s ratings by Moody’s, coupled with its strong external position and strategic growth initiatives, positions the bank favorably within Iceland’s financial sector.