Kvika Banki Hf.

Kvika banki hf. and Arion Bank have announced their intention to merge, creating one of the largest mergers in Iceland’s financial history, with the goal of enhancing their competitive edge and providing more comprehensive services.

Kvika Banki hf. has paused its share buy-back program and initiated merger discussions with Arion Bank hf., marking a strategic shift towards consolidation in Iceland’s financial sector.

Kvika Banki hf. is at the center of significant merger discussions with Arion banki hf. and Íslandsbanki hf., potentially reshaping the Icelandic banking sector.