Capital buffers

According to Article X. of Act No. 161/2002 on Financial Undertakings financial undertakings shall hold capital buffers.

 

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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 29.9.2022 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% 2.00% 2.00%
Capital conservation buffer 2.50% 2.50%
Combined buffer requirement 9.50%

 

Capital requirements: Commercial banks

Capital requirements Arion bank Íslandsbanki Landsbankinn Kvika
Pillar I 8% 8% 8% 8%
Pillar II* 3.5% 2.6% 3.4% 3.5%
Capital buffers 9.2% 9.3% 9.4% 6.4%
Combined capital requirements 20.7% 19.9% 20.8% 17.9%
*Pillar II according to SREP 2022. 

  

Capital buffers/ Break down Arion bank Íslandsbanki Landsbankinn Kvika
Capital conservation buffer 2.5% 2.5% 2.5% 2.5%
O-SIIs buffer 2% 2% 2%
Systemic risk buffer* 1.89% 1.90% 1.95% 1.71%
Countercyclical capital buffer* 2.83% 2.85% 2.91% 2.20%
Combined capital requirements 9.2% 9.3% 9.4% 6.4%
*The weighted average of systemic risk and countercyclical buffers considering foreign exposures.

 

Capital buffers: indó sparisjóður, 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 29.9.2022 Capital buffer
Systemic risk buffer 2.00% 3.00% 3.00%
Countercyclical capital buffer 1.75% 2.00% 0.00% 2.00% 2.00%
Capital conservation buffer 2.50% 2.50%
Combined buffer requirement 7.50%

 

Capital buffers: Fossar fjárfestingarbanki, Lánasjóður sveitarfélaga and SaltPay IIB

Date 01.01.2017 15.05.2019 01.02.2020 19.03.2020 29.9.2022 Capital buffer
Countercyclical capital buffer 1.75% 2.00% 0.00% 2.00% 2.00%
Capital conservation buffer 2.50% 2.50%
Combined buffer requirement 4.50%