The Bank’s special Risk Report is now published for the fourth time.
The Annual General Meeting of Íslandsbanki was held today, 2 April. Friðrik Sophusson, Chairman of the Board presented the Board´s report and Birna Einarsdóttir, CEO presented the annual results for 2013 and the operational highlights for the year.
Today, Thursday, 27 March 2014, is the first day of a public offering of shares in insurance company Sjóvá.
The recognition is based on a thorough assessment of the conduct of the Board and management of the bank prepared by KPMG.
Íslandsbanki participates in the financing of the first Icelandic vessel that is specially designed to service the oil and gas industry in the North.
Íslandsbanki has today issued a SEK 300m tap into its inaugural SEK 500m Floating Rate Note (FRN) maturing 16 December 2017.
Profit after tax was ISK 23.1bn in 2013 (4Q13: ISK 7.7bn), compared to the 2012 result of ISK 23.4bn (4Q12: ISK7.2bn). Return on equity was 14.7% in 2013 (4Q13: 19.5%), compared to 17.2% in 2012 (4Q12: 19.7%). The YoY decrease in ROE is primarily driven by higher equity 14.4% YoY.
VÍB, wealth management division and management company IS Funds have completed the financing of Akur, a new private equity fund.
Íslandsbanki has sold all its shares in HTO ehf. to Fast-1 slhf.
SPW ehf. (subsidiary of Miðengi), has completed the sale of all shares in Bluebird ehf. to Haru Holding ehf., the parent company of the airline Air Atlanta.