The Banker, a magazine published by the Financial Times and one of the most well-read financial magazines in the world, has named Íslandsbanki the bank of the year in Iceland in 2014.
Profit after tax was ISK 18.2bn in 9M14 compared to ISK 15.4bn in 9M13. Return on equity was 13.8% in 9M14 compared tp 9M13 13.4%. This improvement in 9M is despite the equity base increasing 14% YoY from 160bn to 181bn.
Íslandsbanki will in upcoming weeks issue a new generation of payment cards with additional functionality than the existing ones – cards with contactless technology.
Standard & Poor’s revised its outlook on Íslandsbanki to positive from stable. The bank’s ratings were affirmed at BB+/B.
Today, a shareholders' meeting of Íslandsbanki hf. decided to reduce the number of members of the Board of Directors from nine to seven.
Björgvin Ingi Olafsson has been appointed Managing Director of Relationship Banking at Íslandsbanki.
VÍB, Íslandsbanki‘s wealth management division, provided in September a venue for a very interesting debate about the future of energy export from Iceland.
The 31st Reykjavik Marathon was held on the 23rd of August and there have never been as many registered participants.
Profit after tax was ISK 6.4bn in 2Q14 (2Q13: ISK 6.6bn), and ISK 14.7bn in1H14 (1H13: ISK 11.2bn)
Registration for the 2014 Islandsbanki Reykjavik Marathon is in full swing and 7.880 participants are already registered for the race, 7% more than at the same time last year.