Capital buffers

According to Article 86(a) of Act No. 161/2002 on Financial Undertakings financial undertakings shall hold capital buffers in accordance with Articles 86(b) – 86(e) of the same Act.


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Capital buffers: Arion bank, Íslandsbanki og Landsbankinn

Date 01.04.2016 01.01.2017 15.05.2019 01.02.2020 19.03.2020 Capital buffer
Systemic risk buffer 3.00% 3.00%
O-SIIs buffer 2.00% 2.00%
Countercyclical capital buffer 1.75% 2.00% 0.00% 0.00%
Capital conservation buffer 2.50% 2.50%
Combined buffer requirement 7.50%

D-SIB: Capital requirements

Capital requirements Arion bank Íslandsbanki Landsbankinn
Pillar I 8.00% 8.00% 8.00%
Pillar II* 3.10% 1.70% 3.40%
Capital buffers** 7.30% 7.35% 7.35%
Combined capital requirements 18.40% 17.05% 18.75%
*Pillar II according to SREP at year-end 2018.
**Adjusted for reductions in systemic risk and countercyclical capital buffers for foreign exposures.

Capital buffers: Kvika bank, Sparisjóður Austurlands, Sparisjóður Höfðhverfinga, Sparisjóður Strandamanna og Sparisjóður Suður-Þingeyinga

Date 01.01.2017 01.01.2018 15.05.2019 01.01.2020 01.02.2020 19.03.2020 Capital buffer
Systemic risk buffer 2.00% 3.00% 3.00%
Countercyclical capital buffer 1.75% 2.00% 0.00% 0.00%
Capital conservation buffer 2.50% 2.50%
Combined buffer requirement 5.50%

 

Capital buffers: Borgun, Byggðastofnun, Lánasjóður sveitarfélaga and Lykill fjármögnun

Date 01.01.2017 15.05.2019 01.02.2020 19.03.2020 Capital buffer
Countercyclical capital buffer 1.75% 2.00% 0.00% 0.00%
Capital conservation buffer 2.50% 2.50%
Combined buffer requirement 2.50%

Countercyclical capital buffer 

European Systemic Risk Board (ESRB) updates CCyB rates monthly here.