Íslandsbanki´s Annual General Meeting 2012

27.03.2012 - Financial Results

Íslandsbanki´s Annual General Meeting was held today. In his speech, Chairman of the Board, Mr. Friðrik Sophusson said that the Bank had strengthened its position in 2011 and that its strong capital position had enabled it to operate securely in the tumultuous external environment. He said that Íslandsbanki had worked hard at restructuring the finances of households and companies alike in the past three years. The Chairman said that the Board of Directors had in the past year put placed emphasis on improving the Bank’s governance structure. Among the projects initiated as part of this effort is the detailed mapping of the decision making process within the Bank. The objective is to ensure that systems and processes are in place that minimise risk, support sound business practices, and that the Bank’s governance is on a par with international best practice.

Mrs. Birna Einarsdóttir, Íslandsbanki´s CEO, introduced the Bank´s annual accounts and the highlights of the Bank´s operations in the past year. Birna said that 2011 was another important year for Íslandsbanki where financial restructuring of customers were prioritised. Moreover, the Bank´s business divisions were realigned positioning them to meet increased competition while providing the best service. Einarsdóttir also talked about the merger of Íslandsbanki and Byr. Integration has gone well where the Bank´s harmonious corporate clusters have been a key component. With the merger Íslandsbanki has now achieved the desired market position and operates one of the country´s most efficient networks with 21 branches. Einarsdóttir also said that the rebuilding of Íslandsbanki has progressed well. She emphasised that the Bank´s balance sheet is sound which allows it to operate effectively in ever-changing circumstances. Íslandsbanki is well prepared to support and facilitate the necessary progress of the business sector.

Íslandsbanki´s annual report along with the risk book was distributed at the meeting, both of which may be obtained on the Bank´s website.

Older news

Islandsbanki hf.: Íslandsbanki issues SEK 1 billion callable 4-year bond (4NC3)

19.04.2018 - IR Releases
Íslandsbanki has today issued a SEK 1 billion 4NC3 Floating Rate Note senior unsecured bond, at a spread of 80 basis points over 3-month STIBOR.More

New tourism industry report

17.04.2018
According to Íslandsbanki’s new tourism industry report, Airbnb is now three times larger in the domestic market than all of Iceland’s guest houses...More

Sales process of Iceland Drilling initiated

16.04.2018
A sales process has been initiated for the sale of all shares in Iceland Drilling. Iceland Drilling is owned by SF III, a fund managed by Stefnir...More

Lyf og heilsa acquires constrction company Trésmiðjan Börkur

11.04.2018
The owners of Börkur hf. have come to an agreement on the sale of a 100% stake in the company to Lyf og heilsa hf. Delivery of the company to its new...More

Íslandsbanki Annual General Meeting 2018

22.03.2018 - IR Releases
Íslandsbanki’s Annual General Meeting (AGM) was held today, Thursday 22 March 2018, at 15:00 hrs., at the Bank’s headquarters in Hagasmári 3...More

Year 2017 reports

14.02.2018 - IR Releases
Íslandsbanki released its annual financial results for 2017 this morning. The Bank has now published its Annual Audited Financial Statements, Annual...More

Annual Consolidated Statements 2017

14.02.2018 - IR Releases
Profit after tax was ISK 13.2bn in 2017, compared to ISK 20.2bn in 2016. The profit in 2016 was considerably higher due to one-off income from the...More
Netspjall