The objective of the changes is to better prepare the company for continued operational success and to adjust its structure to a growing company which continues to lead increased competition and innovation in the financial market.
Kvika’s pre-tax profit for the first six months of 2022 amounted to ISK 2,167 million. The return on weighted tangible equity before taxes was 10.0% for the period.
The report marks a turning point as this is the first time Kvika has published such a report.
At a board meeting on 24 February 2022, the Board of Directors and the CEO approved the annual financial statements of the Kvika banki hf. (“Kvika”) group for the year 2021.