Investors Appear to Be Buying Back Into Arion Bank and Kvika

There was heavy trading in bank shares on the Icelandic stock market this morning. Shares worth over 800 million krónur in Kvika Bank and over 400 million krónur in Arion Bank were bought and sold. Financial analyst Alexander Hjálmarsson believes that investors most likely sold their shares in Arion Bank and Kvika in order to buy in Íslandsbanki. "It is quite likely that some investors held on to or even sold in Arion Bank and Kvika in the run-u…