Q4 2023 Arion banki hf Earnings Call Transcript
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Good morning to you all and a warm welcome to our presentation and webcast of our fourth quarter and full year results for 2023. My NIM is Benedikt GÃslason, I'm the CEO of Arion and here with me today to go through the results is Ãlafur Höskuldsson, our CFO.
It's never a dull moment in Iceland and as we go through this in our headquarters here we've had the sixth eruption going on at the Reykjanes peninsula. Sixth eruption since the fire started in 2021 and we will be going through the impact of those to our credit portfolio and the economy and some other details of our results.
To begin with, it was a good year, and we met all our key medium-term targets in 2023 with a return on equity for the full year of 13.6%. The only kind of financial target that we're not meeting at the moment is a nice one to have. We are grossly overcapitalized at the moment, way above our financial targets which will enable us to normalize our capital structure further in the coming quarters and years.
Here are some of the key milestones of
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