About Kvika
Kvika is a company based in Reykjavik (Iceland) founded in 1999. Kvika has completed 3 acquisitions, including Aur, Netgíró and Ortus Secured Finance. Kvika offers products and services including Commercial Banking, Investment Banking, and Asset Management. Kvika operates in a competitive market with competitors including Scotiabank, Landsbankinn, Arion banki, Islandsbanki and Bidvest Bank, among others.
- Annual Revenue$305.08 M (USD)0as on Dec 31, 2025
- Net Profit$50.05 M (USD)-23.04as on Dec 31, 2025
- Investments & AcquisitionsAur
& 2 more
Products & Services of Kvika
Kvika offers a comprehensive portfolio of products and services, including Commercial Banking, Investment Banking, and Asset Management.
Offers customized financial solutions for companies and institutions.
Provides loans, securities, and advisory for market transactions.
Manages portfolios for individuals and institutions with long-term focus.
People of Kvika
23 people are tracked at Kvika (16 in leadership, 7 in team).
| Name | Role | Group |
|---|---|---|
Armann Thorvaldsson | CEO | Leadership |
Kjartan Ásþórsson | Head Of Software Development | Leadership |
Ármann Þorvaldsson | CEO | Leadership |
Hrund Ólafsdóttir | Head Of Operations | Leadership |
Níels Bjarnason | Head Of Data And Growth | Leadership |
Halldór Karl Högnason | Head Of Treasury | Leadership |
Hugrún Sif Harðardóttir | Chief Audit Executive | Leadership |
Arnar Scheving Thorsteinsson | Director Investment Banking / Corporate Finance | Leadership |
Hlynur Guðmundsson | Director IT Operations | Leadership |
Anna Rut Agustsdottir | Managing Director, Operations And Development | Leadership |
Eirikur Jensson | Chief Financial Officer | Leadership |
Björn Símonarson | Head Of Information Security | Leadership |
Bjorn Kristinsson | Head Of Finance And Accounting | Leadership |
Máni Atlason | Credit Director | Leadership |
Erna Agnarsdottir | HR Director | Leadership |
Vala Hrönn Guðmundsdóttir | Head Of Funding | Leadership |
Halldór Gunnlaugsson | Marketing | Team |
Bryndís Pálsdóttir | Project Manager | Team |
Agla Hardardottir | Data Specialist | Team |
Halldor Hrafn Jonsson | Notendaþjónusta Og Kerfisrekstur | Team |
3 more people are available in the full profile.
Complete people profiles for Kvika
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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IPO & Listings of Kvika
Kvika is a publicly listed company on the OMXICE with ticker symbol KVIKA in Iceland, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date16 Mar 2018
- Listed onOMXICE: KVIKA
- Listed entityKvika banki hf
- Exchange sectorFinance
- ISINIS0000020469
- Share price12.35 ISK · 2026-10-09
- Market capitalisation53,475,423,258.00 ISK
- Price to earnings11.0
- EPS (diluted, trailing year)1.12 ISK
- Dividend yield2.91%
- Volume (last session)62,935,271
Financials of Kvika
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 38.22B ISK | 6.27B ISK | – |
| 2024 | 36.52B ISK | 8.14B ISK | – |
| 2023 | 29.33B ISK | 4.02B ISK | – |
| 2022 | 23.02B ISK | 4.88B ISK | – |
| 2021 | 32.03B ISK | 10.73B ISK | – |
Detailed financial statements for Kvika
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Kvika
Kvika has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Aur, Netgíró and Ortus Secured Finance.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Asset-backed loans are provided to clients in the United Kingdom. | ortussecuredfinance.co.uk | London, United Kingdom | 2013 | Feb 2022 | •••• | |
Card-linked wallet services are provided for consumer payments and transfers. | aur.is | Reykjavik, Iceland | 2014 | Mar 2021 | •••• | |
Point of sale financing solution | netgiro.is | Reykjavik, Iceland | 2013 | Jul 2020 | •••• |
Complete acquisition details for Kvika
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Timeline of Kvika
5 dated milestones of Kvika across 23 years, from founding to its latest funding, stage changes and deals.
- Founded Kvika is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Netgíró.
- Acquisition Acquires Aur.
- Acquisition Acquires Ortus Secured Finance.
Competitors of Kvika
Kvika operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Scotiabank, Landsbankinn, Arion banki, Islandsbanki and Bidvest Bank, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| scotiabank.com | 1832 | Toronto, Canada | – | 88,645 | Commercial banking services are provided internationally by Scotiabank. | |
| landsbankinn.is | 2008 | Reykjavik, Iceland | – | – | Commercial banking services are offered in Iceland by Landsbankinn. | |
| arionbanki.is | 1929 | Reykjavik, Iceland | – | – | Commercial banking services are offered in Reykjavik, Iceland. | |
| islandsbanki.is | 2008 | Kopavogur, Iceland | – | – | Commercial banking services are offered in Iceland. | |
| bidvestbank.co.za | 2000 | Johannesburg, South Africa | – | – | Commercial banking services are provided in South Africa. | |
| kaupthing.com | 1982 | Reykjavik, Iceland | – | – | Operates as a commercial bank providing deposits, loans, and payment services to individual and business customers. | |
| ksk-bc.de | 1853 | Biberach, Germany | – | – | Provides retail and business banking services with online platforms and financial products. | |
| straumur.com | 1986 | Reykjavik, Iceland | – | – | Provides comprehensive asset management and financial services to clients. |
Detailed competitors of Kvika
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Kvika
The website of Kvika (kvika.is) receives about 7.1K visits a month.
- Monthly visits7.1K
▼ 7.7% vs previous month
Websites whose visitors overlap most with Kvika. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| visir.is | 100% | 8M | #9,187 | View details | |
| google.com | 92% | 85.8B | #1 | View details |
Latest news on Kvika
Complete news archive for Kvika
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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- Brand-specific news history
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Similar companies to Kvika
10 companies that operate in the same segment as Kvika (Banks), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Collateralised loans for commercial vehicles are extended to rural entrepreneurs. | 1996 | Jaipur, Rajasthan, India | USD 136.29 M | USD 2.3 B | 50,950 | |
Small finance services are extended to underserved segments in India. | 2005 | Bengaluru, Karnataka, India | USD 153.96 M | – | 21,203 | |
Commercial banking services are provided in the United Kingdom. | 2010 | London, England, United Kingdom | USD 564 M | USD 1.15 B | – | |
Microfinance banking services are offered in India by ESAF. | 1992 | Thrissur, Kerala, India | USD 111.83 M | USD 474.19 M | 12,520 | |
Wealth advisory and banking services are offered to clients. | 1872 | Charlotte, North Carolina, United States | USD 900 K | USD 881.26 M | 1,240 | |
Microfinance bank | 1999 | Bengaluru, Karnataka, India | USD 814.02 M | USD 670.62 M | 25,380 | |
Small finance bank offering savings accounts, deposits, and loan products | 2008 | Mumbai, Maharashtra, India | USD 110.94 M | USD 268.59 M | 8,650 | |
Commercial banking services are offered to individuals and businesses. | 2004 | Mumbai, Maharashtra, India | USD 4.63 M | USD 3.98 B | 28,690 | |
Provider of a commercial banking services | 1993 | Mumbai, Maharashtra, India | – | USD 17.37 B | 104,450 | |
Small finance bank | 2007 | Chennai, Tamil Nadu, India | USD 194.55 M | USD 840.3 M | 25,430 |
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Frequently Asked Questions about Kvika
Kvika was founded in 1999.
Kvika is headquartered in Reykjavik, Iceland.
Armann Thorvaldsson is the current CEO of Kvika.
Annual revenue of Kvika is $305.08M as on Dec 31, 2025.
Kvika was established in 1999 as a commercial bank headquartered in Reykjavik, Iceland. Core operations encompass retail and corporate banking, including deposit management, lending, and investment services. The bank serves clients across Iceland through its digital platform at kvika.is and physical branches. Leadership is provided by CEO Armann Thorvaldsson, with focus maintained on regional financial needs amid Icelands economic landscape.
Kvika's top competitors include Scotiabank, Landsbankinn and Arion banki.
Kvika offers Commercial Banking, Investment Banking, and Asset Management.
Yes, Kvika is publicly traded on OMXICE under the ticker symbol KVIKA.
Kvika has made 3 acquisitions, including Aur, Netgíró, and Ortus Secured Finance.
Kvika operates through Kvika Advisory Ltd.