Construction begins at Bakki

The start of construction of the PCC silicon plant at Bakki, near Húsavík, was celebrated last week. Financing was completed this summer, with capital for the project totalling USD 300m, or ISK 38bn.


Rut Gunnarsdóttir as Compliance Officer

Rut Gunnarsdóttir has been engaged as Compliance Officer at Íslandsbanki.


Revolving loan facility to Landsvirkjun

Íslandsbanki, Arion Bank, and Landsbanki have granted Landsvirkjun a seven-year syndicated credit facility totalling ISK 12bn, consisting of one ISK 4bn loan facility from each of the three banks.


Islandsbanki hf. : 2Q15 Condensed Consolidated Interim Financial Statements

Profit after tax was ISK 10.8bn in 1H15 compared to ISK 14.7bn in 1H14. The difference is mainly due to irregular items.


Standard & Poor's raises Íslandsbanki's ratings to investment grade

Standard & Poor's Ratings Services has raised its long-term and short-term rating on Íslandsbanki to BBB-/A-3. The outlook on Íslandsbanki is stable. This upgrade reflects S&P's view of the improving operating conditions for Íslandsbanki as well as other commercial banks in Iceland. The ratings on Íslandsbanki reflect its strong capital and earnings and strong liquidity according to S&P.


Íslandsbanki hf. issues EUR 100m 3-year Fixed Rate Note

Íslandsbanki has issued a EUR 100m (ISK 14.7bn) 2.875% Fixed Rate Note due 2018 through lead manager Deutsche Bank. The note was placed with investors in Scandinavia and continental Europe.


Íslandsbanki hf. and Glitnir hf. Come to Heads of Agreement Regarding the Re-Capitalization of Íslandsbanki hf.

Íslandsbanki hf., Glitnir hf., ISB Holding ehf. and GLB Holding ehf. have entered into Heads of Agreement under which they agree to co-operate in order to facilitate the composition of Glitnir.


Euromoney has named Íslandsbanki “Best Bank in Iceland” for the third time in a row

The magazine considered several factors in its assessment of the Icelandic banks, including earnings from regular operations, cost efficiency and the ability to adapt to changing market conditions and client needs.


Financing of PCC BakkiSilicon hf. completed

Íslandsbanki Corporate Finance, on behalf of PCC BakkiSilicon hf., is pleased to announce the successful completion of financing of the company‘s new silicon metal production plant, to be built in the industrial area of Bakki near Húsavík in the northern part of Iceland.


Islandsbanki hf. : 1Q2015 Interim Consolidated Financial Statements

Profit after tax was ISK 5.4bn in 1Q15 compared to ISK 8.3bn in 1Q14. The difference is mainly due to irregular items.

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