Arion Bank drops planned fee hikes, targets retail fee increases below 2.5%

• Arion Bank postponed previously announced fee increases that were due to take effect on Sept. 23.
• Planned corporate-service fee increases due in early October were also deferred.
• General retail fee increases will be kept below 2.5% over the coming year.
• Decision cited efforts to curb inflation ahead of Oct. 8 wage-agreement termination clauses.
• Retail fee list has risen about 7.5% since 2022 versus 34.6% CPI inflation over the same period.

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