{
  "docId": "019dd923-5e88-73ef-bd5c-069636d4323d",
  "docSlug": "0d0d9d8743c6e479",
  "documentTitle": "Arion Bank Fireside chat slides",
  "authorId": "DeutscheBank",
  "authorName": "Arion Bank",
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  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 7,
  "pageCount": 12,
  "prevPage": 6,
  "nextPage": 8,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "dense",
  "nDataPoints": 4,
  "notes": "The slide uses a timeline-based structure to explain the evolution of ROE, highlighting both positive (green) and negative (red) drivers.",
  "elementsJson": [
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  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5c-069636d4323d/7",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5c-069636d4323d",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5c-069636d4323d.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5c-069636d4323d#slide-7",
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      "kind": "chart",
      "text": "Development of ROE",
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      "kind": "list",
      "text": "2019-2020 drivers: Opex efficiency, Low-rate environment, CIB restructuring, Impairments, Dividend restrictions, Held-for-sale assets",
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      "kind": "list",
      "text": "2021 drivers: Reversal of provisions, CIB performance, Market activity, Capital optimization, Low-rate environment",
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      "kind": "list",
      "text": "2022E drivers: Operational performance, Rising policy rates, Economic recovery, Lending pipeline, Capital optimization, Valitor sale, Normalized provisions, Inflationary pressure, IT investment, Funding markets",
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      },
      "kind": "list",
      "text": "2023E and onwards drivers: Icelandic economy, Cost/revenue benefits, Bancassurance platform, Originate-to-distribute model, Optimal capital structure",
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      "kind": "metric",
      "text": "ROE: >13%",
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      "kind": "title",
      "text": "Positive momentum and constructive outlook supports revised ROE target",
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      "evidence": "The chart visualizes the progression of ROE over time with contributing factors.",
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      "beatId": "0cec60cd-d320-478d-a906-b4271742dd87",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "What Could Be",
      "beatSlug": "sparkline-what-could-be-2",
      "evidence": "Pages 5-9 present the bank's strategy and performance, highlighting its potential for growth.",
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      "evidence": "The loop is visible in the presentation of key results and revised ROE target.",
      "position": 1,
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      "structure": "The Full List -> Quick Wins (Low effort, High impact) -> Big Bets (High effort, High impact) -> Sequenced Roadmap",
      "confidence": 0.6,
      "description": "Separate initiatives into immediate wins and longer-term strategic bets"
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