Kvika’s financial statements are scheduled for publication as stated below. The calendar may be subject to change. 

Older documents

Base Prospectus June 2022

Base Prospectus April 2021

Base Prospectus October 2020

Supplement dated 25 November 2020

Kvika's Credit Rating

Moody's Investors Service provides a twofold assessment of Kvika by issuing both bank deposit ratinga and issuer ratings in local and foreign currency . Kvika's first credit ratings were issued in May 2022

Current Ratings

Bank Deposit Rating

Issuer Rating

Credit Rating Development

Kvika's Green Funding Framework

Kvika published a Green Financing Framework in 2021 and updated it in 2024 titled Green Funding Framework, which aligns with the bank's policy on environmentally friendly finance and lending. One of the key elements of sustainable development is that capital is directed into sustainable structures. Financial institutions play an important role in this, and can have a significant and positive influence.

Kvika's Green Funding Framework presents the bank's sustainability policy, Kvika's sustainability governance, and how proceeds are allocated to green projects—such as in lending. The Framework clearly and transparently explains the requirements that the loans granted by the bank have to fulfil to be considered environmentally friendly. Such loans can, for example, focus on energy transformation towards sustainability in transportation, green buildings, renewable energy, circular economy adapted products, production technologies and processes and biodiversity conservation.

Kvika's Green Funding Framework is based on Green Bond Principles issued by the International Capital Market Association (ICMA). Accordingly, the Framework consists of four pillars:

1. Use of Proceeds
2. Process for Project Evaluation, Selection, and Exclusions
3. Management of Proceeds
4. Reporting and External Review

The Framework has received a positive second-party opinion from the global ratings and analytics firm Sustainalytics. The opinion states, among other points, that Kvika's Green Funding Framework is credible and has potential to be effective.

Related Files:

Green Funding Framework of Kvika banki hf. 2024

Green Financing Framework of Kvika Bank hf. 2021

Second-party Opinion of Sustainalytics 2024

Second-party Opinion of Sustainalytics 2021

Further information about sustainability at Kvika, including reports and a summary of the bank's policies, is available here: Kvika - Sustainability