Profit after tax was ISK 5.4bn in 1Q15 compared to ISK 8.3bn in 1Q14. The difference is mainly due to irregular items.
Íslandsbanki is now the first Bank to be assigned an investment grade since 2008. Fitch rates Íslandsbanki as BBB-/F3 with stable outlook.
Today, Íslandsbanki released its United States Seafood Market Report at Seafood Expo Global in Brussels. The report provides insights into key trends and issues shaping the industry in the major seafood regions of the United States: the Atlantic Coast, Gulf of Mexico and Pacific Coast. Highlights of the U.S. report include:
Íslandsbanki has issued a SEK 150 million (ISK 2.35bn) tap of its existing SEK300 million 4-year FRN. The senior unsecured bond pays a quarterly coupon of 3 month Stibor + 310bp, and the tap was issued at a price of 100.48. Investors from Scandinavia and continental Europe bought the new tranche. The bond is listed on the Irish Stock Exchange.
Íslandsbanki and Eimskip have signed a loan agreement for EUR 10 million for the development of a 10,000 tonne capacity cold storage facility on company premises in Hafnarfjordur.
Íslandsbanki has published a Pillar 3 Report for the year 2014. The report provides information to market participants and other stakeholders that facilitate a better understanding of the Bank’s risk profile and capital adequacy.
The Annual General Meeting of Íslandsbanki was held today. Friðrik Sophusson, Chairman of the Board presented the Board’s report and Birna Einarsdóttir, CEO presented the annual results for 2014 and the operational highlights of the year.
Profit after tax was ISK 22.8bn in 2014 compared to ISK 23.1bn in 2013.
Fastengi, a facilities management company owned by Miðengi, in turn a subsidiary of Íslandsbanki, has entered into negotiations with Reginn for the sale of Fastengi´s commercial property portfolio.
Íslandsbanki received the highest customer satisfaction rating of any Icelandic financial Institution according to Íslenska Ánægjuvogin survey.