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 has been engaged as Compliance Officer at Íslandsbanki.
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.
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 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 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., 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.
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.
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.
Profit after tax was ISK 5.4bn in 1Q15 compared to ISK 8.3bn in 1Q14. The difference is mainly due to irregular items.