Kvika banki hf. reports a 69% increase in Q2 post-tax profit, strong performance overall.

From GlobeNewswire: 2024-08-14 11:59:00

Kvika banki hf. approved interim financial statements for Q2 and 6M 2024. Post-tax profit for Q2 was ISK 1,256 million, a 69% increase from the previous year. TM insurance reported profit from assets held for sale, totaling ISK 480 million in Q2. Key balance sheet figures show growth in deposits and loans. CEO praises strong performance, especially in net interest income and cost management. Presentation for shareholders and market participants scheduled for August 15.



Read more at GlobeNewswire:: Financial Results for Q2 2024