A specialised bank

Kvika is a financial conglomerate with five main areas of operation – commercial banking, investment banking, asset management, insurance, and operations in the UK.

‘Kvika’s purpose is to foster competition and simplify customer finance by utilising infrastructure and financial strength. Kvika’s values are long-term thinking, simplicity, and courage. We focus on thinking into the future and promoting a sustainable society through active participation.’

Kvika Asset Management

Financial services with focus on long-term performance

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Sustainability Report 2022

The Kvika Group has published its first sustainability report in parallel to its annual accounts. An integral part of this report is an annual allocation and impact report relating to Kvika’s Green Financial Framework.

Sustainability Report - Web version

Sustainability Report - PDF version


12. May 2023

Financial Results for Q1 2023 and Earnings Outlook for the Next Four Quarters

Kvika’s pre-tax profit amounted to ISK 1,412 million in Q1 2023, in line with expectations despite net investment income considerably under expectations. Return on tangible equity before taxes (RoTE) was 13.1% in the period.

03. May 2023

Announcement from Íslandsbanki and Kvika on the status of merger discussions

Merger discussions between Íslandsbanki hf. and Kvika banki hf. are proceeding. As has been reported previously, discussions began in February, following approval by the board of directors of both companies. The companies’ boards believe that the merger can bring significant benefits to shareholders and customers of both. 

13. April 2023

Kvika Advises Refined Brands on Transformative Acquisitions in Online Ethical Fashion Space

Refined Brands, the digital ethical fashion group founded in 2021, has successfully completed three new acquisitions in the ethical fashion space in recent months, furthering Refined Brands' commitment to creating a positive impact on people and the planet through sustainable and responsible business practices.

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