Arion Bank hf. - Company Announcement

Loan agreements between the Central Bank of Iceland and Arion Bank from 2009 did not involve state aid

The EFTA Surveillance Authority (ESA) today published its conclusion of a
formal investigation into loan agreements made between the Central Bank of
Iceland (CBI) and Arion Bank hf. in 2009. ESA concludes that the loan
agreements were on market terms and consequently did not constitute state aid
within the meaning of the EEA rules. The conclusion is in line with the Bank´s
expectations. 

More on ESA’s statement here.

For further information please contact Haraldur Gudni Eidsson of Arion Bank´s
communications division at haraldur.eidsson@arionbanki.is, or tel: +354 444
7108