Arion banki : Cover Pool Report 31 December 2022

Arion Bank Covered Bonds

Investor Report: December 2022

Details	Indexed*	Non-Indexed	Total
Total Cover Pool Balance	106.530	194.938	301.468
Average Loan Balance	21	20	21
Average Customer Balance	25	23	26
No. of Loans	4.995	9.724	14.719
No. of Borrowers	4.279	8.343	11.515
No. of Properties	4.280	8.370	11.541
WA Legal Maturity (in months)	395	392	393
WA Seasoning (in months)	47	26	33
WA LTV	46,4%	45,3%	45,7%
WA Interest Rate	3,0%	6,3%	5,1%

*Indexed mortgages linked to the consumer price index in Iceland as published by Statistics Iceland (Hagstofa Islands: www.hagstofa.is). Non Indexed are fixed rate mortgages

LTV Ranges	Balance	Percent
Less than 40%	91.271	30,3%
40	- 50%	74.081	24,6%
50	- 60%	101.916	33,8%
60	- 70%	27.402	9,1%
70	- 80%	6.798	2,3%
80	- 90%	0	0,0%
90 - 100%	0	0,0%
100	- 110%	0	0,0%
more than 110%	0	0,0%
Total	301.468	100,0%

Property Type	Balance	Percent
Residential	301.446	100,0%
Other	22	0,0%
Total	301.468	100,0%

Payment Frequency	Balance	Percent
Monthly	301.223	99,9%
Quarterly	6	0,0%
Other	24	0,0%
Annual	202	0,1%
Semi-Annual	14	0,0%
Total	301.468	100,0%

Interest Rate Type	Balance	Percent
7.59% Non-Indexed	84.731	28,1%
2.94% Indexed	32.269	10,7%
4.49% Non-Indexed	27.412	9,1%
2.54% Indexed	25.588	8,5%
4.35% Non-Indexed	18.387	6,1%
4.2% Non-Indexed	15.541	5,2%
Other	97.540	32,4%
Total	301.468	100,0%

Valuation Type	Balance	Percent
FMR	268.853	89,2%
Contract	22.687	7,5%
Internal	7.568	2,5%
External	2.320	0,8%
Offer	40	0,0%
Total	301.468	100,0%

	Arrears	Balance	Percent	Count
	Not in Arrears	297.612	98,7%	14.577
0	- 30 days default	180	0,1%	8
30 - 90 days default	3.676	1,2%	151
90	- 180 days default	0	0	16
	Total	301.468	100,0%	14.752

Ranking Order	Balance	Percent
1. Rank	269.363	89,4%
2. Rank	31.030	10,3%
3. Rank	1.052	0,3%
4. Rank	21	0,0%
5. Rank	2	0,0%
Total	301.468	100,0%

Area	Balance	Percent
Reykjavik	117.401	38,9%
Capital Area excl. Reykjavik	101.614	33,7%
Suðurland	25.102	8,3%
Norðurland Eystra	22.581	7,5%
Vesturland	13.652	4,5%
Suðurnes	10.266	3,4%
Austurland	5.357	1,8%
Norðurland Vestra	4.790	1,6%
Vestfirðir	706	0,2%
Total	301.468	100,0%

Maturity	Balance	Percent
Less than 15 years	12.721	4,2%
15 - 20 years	18.302	6,1%
20 - 25 years	31.772	10,5%
25 - 30 years	29.421	9,8%
30 - 35 years	39.733	13,2%
35 - 40 years	169.518	56,2%
Total	301.468	100,0%

This is an automatically generated report from Arion Banks Risk Management. The information herein might change at a later date without notice. All amounts in Millions ISK.

Contact:

Investor Relations: samskiptasvid[ at ]arionbanki.is

Head of Funding: Eirikur Magnus Jensson, eirikur.jensson[ at ]arionbanki.is

Risk Management: Sævarur Einarsson, saevardur.einarsson[ at ]arionbanki.is