Investor Relations
Kvika is dedicated to providing investors and market participants with high quality and timely information about the Group and its operations to support analysis and understanding of the Group's operations and opportunities
2023
Annual Reports
Q1
Interim Financial Statement 31.03.2023
Q2
Interim Financial Statement 30.06.2023
The list below shows Kvika's shareholders with a holding of more than 1% as of 29. September 2023
There is only one share class in the company, the company's share capital is a total of 4,781,025,715 ISK.
| Shareholder name | Number of shares | Holdings | Registered owners |
|---|---|---|---|
| Lífeyrissjóður verzlunarmanna | 464,083,679 | 9.71% | |
| Lífeyrissj.starfsm.rík. A-deild | 377,177,313 | 7.89% | |
| Stoðir hf. | 325,000,000 | 6.80% | |
| Birta lífeyrissjóður | 253,012,412 | 5.29% | |
| Gildi - lífeyrissjóður | 229,521,803 | 4.80% | |
| Stapi lífeyrissjóður | 151,076,924 | 3.16% | |
| Lífsverk lífeyrissjóður | 122,651,316 | 2.57% | |
| Almenni lífeyrissjóðurinn | 109,974,402 | 2.30% | |
| Frjálsi lífeyrissjóðurinn | 104,296,622 | 2.18% | |
| Stefnir - Innlend hlutabréf hs. | 92,195,403 | 1.93% | |
| Brú Lífeyrissjóður starfs sveit | 91,079,803 | 1.91% | Garðar Hilmarsson (16.66%) , Auður Kjartansdóttir (16.66%) , Þorkell Heiðarsson (16.66%) , Halldóra Káradóttir (16.66%) , Sonja Ýr Þorbergsdóttir (16.66%) , Benedikt Þór Valsson (16.67%) |
| Lífeyrissj.starfsm.rík. B-deild | 85,074,445 | 1.78% | |
| Arion banki hf. | 83,472,475 | 1.75% | |
| Landsbréf - Úrvalsbréf hs. | 78,831,732 | 1.65% | |
| Vanguard Emerging Markets Stock | 68,948,715 | 1.44% | |
| Sigla ehf. | 68,500,000 | 1.43% | Tómas Kristjánsson (100.00%) |
| Attis ehf. | 66,750,000 | 1.40% | Guðmundur Örn Þórðarson (100.00%) |
| Íslandsbanki hf. | 66,657,378 | 1.39% | |
| SNV Holding ehf. | 60,890,000 | 1.27% | Svanhildur Nanna Vigfúsdóttir (100.00%) |
| Fossar fjárfestingarbanki hf. | 59,165,855 | 1.24% | |
| Kvika banki hf. | 58,450,000 | 1.22% | |
| Stefnir - ÍS 5 hs. | 55,331,547 | 1.16% | |
| Vanguard Total International S | 55,052,206 | 1.15% |
2023
AGM 30 MARCH 2023
Kvika’s financial statements are scheduled for publication as stated below. The calendar may be subject to change.
| Publication | Date |
|---|---|
Full Year 2022 Results | 15 February 2023 |
Annual General Meeting 2023 | 30 March 2023 |
Q1 2023 Results | 11 May 2023 |
Q2 2023 Results | 17 August 2023 |
Q3 2023 Results | 2 November 2023 |
Full Year 2023 Results | 15 February 2024 |
Current domestic base prospectus
| ISIN | Series | Currency | Amount | Issue date | Maturity date | File |
|---|---|---|---|---|---|---|
IS0000034734 | 11.2 | ISK | 560,000,000 | 08.12.2022 | 01.12.2025 | |
IS0000034734 | 11.1 | ISK | 1,100,000,000 | 01.12.2022 | 01.12.2025 | |
IS0000033769 | 10.1 | ISK | 2,000,000,000 | 12.01.2022 | 12.01.2032 | |
IS0000033694 | 9.1 | ISK | 4,500,000,000 | 16.12.2021 | 16.12.2024 | |
IS0000033595 | 8.1 | GBP | 11,400,000 | 19.11.2021 | 19.11.2024 | |
IS0000033082 | 7.2 | ISK | 3,220,000,000 | 27.10.2021 | 25.5.2027 | |
IS0000033082 | 7.1 | ISK | 2,180,000,000 | 25.5.2021 | 25.5.2027 | |
IS0000032373 | 1.3 | ISK | 2,840,000,000 | 20.4.2021 | 26.10.2023 | |
IS0000031706 | 2.4 | ISK | 660,000,000 | 25.2.2021 | 19.12.2024 | |
IS0000032746 | 6.1 | GBP | 12,000,000 | 8.2.2021 | 8.2.2023 | |
IS0000032654 | 4.1 | ISK | 600,000,000 | 18.11.2020 | 21.6.2021 | |
IS0000032662 | 5.1 | ISK | 820,000,000 | 18.11.2020 | 21.09.2021 | |
IS0000032670 | 3.1 | ISK | 600,000,000 | 18.11.2020 | 22.03.2021 | |
IS0000031706 | 2.3 | ISK | 700,000,000 | 26.11.2020 | 19.12.2024 | |
IS0000032373 | 1.2 | ISK | 660,000,000 | 26.11.2020 | 26.10.2023 | |
IS0000032373 | 1.1 | ISK | 1,500,000,000 | 26.10.2020 | 26.10.2023 |
| Other documents | |
|---|---|
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
| Term | Kvika banki hf. |
|---|---|
Long term | Baa1 |
Short term | P-2 |
Outlook | Stable |
07 July 2023 |
Issuer Rating
| Term | Kvika banki hf. |
|---|---|
Long term | Baa2 |
Short term | P-2 |
Outlook | Stable |
07 July 2023 |
Credit Rating Development
| Credit Rating | Date | Long term | Short term | Outlook | Report |
|---|---|---|---|---|---|
Issuer Rating | 13 February 2023 | Baa2 | P-2 | On Review for Upgrade | |
Deposit Rating | 13 February 2023 | Baa1 | P-2 | On Review for Upgrade | |
Deposit Rating | 29 June 2022 | Baa1 | P-2 | Stable | |
Issuer Rating | 19 May 2022 | Baa2 | P-2 | Stable | |
Deposit Rating | 19 May 2022 | Baa2 | P-2 | Stable |
Kvika's Green Financing Framework
Kvika has published a Green Financing 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 Financing 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, and renewable energy.
Kvika's Green Financing Framework is based on Green Bond Principles issued by the International Capital Market Association (ICMA). Accordingly, the Framework consists of four pillars:
- Use of Proceeds
- Process for Project Evaluation, Selection, and Exclusions
- Management of Proceeds
- 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 Financing Framework is credible and has potential to be effective.
Related Files:
Green Financing Framework of Kvika Bank hf.
Second-party Opinion of Sustainalytics
Further information about sustainability at Kvika, including reports and a summary of the bank's policies, is available here: Kvika - Sustainability