Íslandsbanki newsroom

Fyrirlestur um golf og góða golfsiði - kl. 12.00 í Hólum

Mon, 18 May 2009 14:06:13 GMT

Hannes Guðmundsson verður með skemmtilegan fyrirlestur um golf og góða golfsiði í dag kl. 12.00 í Hólum

Íslandsbanki hf. obtains 42 percent of shares in Icelandair Group hf.

Mon, 18 May 2009 09:41:28 GMT

- Will not affect the daily operations of Icelandair Group hf.
- The company will continue to be listed on OMX Nasdaq
- The FSA in Iceland has granted Íslandsbanki an exemption from a mandatory bid
- The Bank’s stake will be sold in an open and transparent sales process

A good start for the Government Portfolio

Wed, 29 Apr 2009 15:20:11 GMT

Íslandssjóðir's Government Portfolio has been excellently received since the fund's inception in December. It invests exclusively in government-backed bonds with a short maturity as well as deposits with financial institutions. Around one thousand individuals and institutional investors have invested a total of ISK 6 billion in the fund.

ISK strengthens on foreign markets

Wed, 29 Apr 2009 09:56:18 GMT

Islandsbanki Research: The ISK exchange rate quoted abroad has risen considerably recently and Reuters now lists a EUR/ISK cross rate around 220 off-shore, similar to that of around six weeks ago.

Straumur's deposits transferred to Íslandsbanki

Sun, 05 Apr 2009 21:16:25 GMT

As of today, Straumur-Burdaras Investment Bank hf. (Straumur) has disposed its Icelandic deposit obligations to Íslandsbanki hf. Deposits created in relation to settlement of prior debts before maturity are excluded.

International money transfer works well in Islandsbanki

Tue, 31 Mar 2009 09:58:47 GMT

Due to media coverage for the past weeks on International money transfer in Iceland, Íslandsbanki wants to clarify that the bank has been using its currency accounts at JP Morgan, Danske Banka, Svenska Handelsbanken, SEB and Commonwealth Bank of Australia to transfer money for its clients since the beginning of 2009. All international money transfer by Íslandsbanki is executed without the assistance of the Central Bank of Iceland.

Even Repayment Schedules for foreign-currency mortgages

Thu, 07 May 2009 13:18:17 GMT

Even Repayment Schedules enable people to reduce their debt service on foreign-currency loans temporarily and lessen the effect of currency fluctuations on individual repayments. They remove uncertainty by allowing the borrower to pay more equal amounts from month to month.

Financial literacy course

Thu, 07 May 2009 13:28:17 GMT

Many Íslandsbanki customers have expressed the view that the bank should provide training in financial literacy for the general public. To meet this need, Íslandsbanki has launched a financial literacy course in partnership with the Reykjavik Open University. The instructors are Þór Clausen, MSc in Finance, and advisors from Íslandsbanki.

Government Portfolio well received

Thu, 07 May 2009 13:37:39 GMT

In December 2008, Íslandsbanki launched a new mutual fund named the Government Portfolio. The fund invests exclusively in government-guaranteed bonds and deposits with financial institutions. Its purpose is to meet the currently high demand for low-risk investment options. The Government Portfolio has been very well received by investors and already has assets of ISK 6 billion.

Large gathering at opening of Kvosin Innovation Centre

Thu, 07 May 2009 13:32:38 GMT

About one hundred people attended the March opening of the Kvosin Innovation Centre, located at Íslandsbanki's Lækjargata premises in the heart of Reykjavík. The Centre will provide facilities for 20 entrepreneurs and start-up companies though a partnership project between Íslandsbanki, the Innovation Centre Iceland and the Confederation of Icelandic Bank and Finance Employees.

Íslandsbanki is back!

Mon, 06 Apr 2009 16:01:43 GMT

As of today, New Glitnir becomes Íslandsbanki. The change in name was formally announced at a press conference today at the bank's headquarters at Kirkjusandur. The proposed change of name was first introduced in December last year.

New Glitnir Bank cuts interest rates

Fri, 20 Feb 2009 14:19:42 GMT

- Improving the corporate operating environment and reducing household debt burden a priority

New Glitnir Bank has decided to lower the bank's interest rates on both deposits and loans effective as of today.

Sale of Morgunblaðið publisher

Thu, 07 May 2009 14:16:51 GMT

Árvakur hf., útgáfufélag Morgunblaðsins, hefur falið Fyrirtækjaráðgjöf Nýja Glitnis banka hf. að annast ráðgjöf og formlegt ferli sem lýtur að öflun hlutafjár fyrir félagið. Bankinn mun á næstu dögum auglýsa eftir tilboðum í nýtt hlutafé Árvakurs, sem gefið verður út eftir að núverandi eigendur færa niður eign sína í félaginu.

Glitnir Funds liquidate Fund 9 and settle balances in cash

Fri, 31 Oct 2008 10:09:31 GMT

Redemption value is 85,12%
Emphasis put on liquidating assets and minimizing the loss of customers
Redemption amount deposited in a special high interest savings account in each holder‘s name
The Bank and Glitnir Funds deeply regret the inconvenience and loss suffered by its customers

Financial crises have a beginning and an end

Thu, 07 May 2009 13:21:40 GMT

Glitnir Research has published a report on the prospects for the Icelandic economy following the current financial and currency crisis. The report also tries to address what implications are inherent in the possible involvement of the IMF.

A New Glitnir Assumes Operations

Wed, 15 Oct 2008 12:32:30 GMT

Birna Einarsdóttir appointed CEO

The new bank will take over Glitnir‘s domestic assets to ensure normal banking activities and secure domestic deposits
A total of a 95 employees in Iceland will be made redundant
Glitnir‘s international operations will be separated from the new bank's operations
All branches, service centres, ATMs and Glitnir's online banking will remain open

OMX Nordic Exchange Iceland has received the following announcement from Glitnir's Receivership Committee

Wed, 08 Oct 2008 13:49:48 GMT

The Receivership Committee in place at Glitnir has assured that the bank will meet and fulfill all its obligations regarding settlement of transactions on OMX Nordic Exchange Iceland.

An announcement from Glitnir Bank

Wed, 08 Oct 2008 19:35:35 GMT

In light of the situation that has arisen in financial markets Glitnir would like to state the following:
Last Monday, the country's parliament passed an emergency law due to special circumstances in the financial market (Act 128/2008).

Glitnir's Operations Continued

Fri, 20 Feb 2009 07:08:25 GMT

No changes in daily operations
Lárus Welding to continue as CEO

Uncertainty eliminated

Wed, 01 Oct 2008 12:12:02 GMT

Glitnir has decided to open for transactions in funds that have been closed since Monday. The funds were closed due to uncertainty in the market and in order to protect the interest of 18,000 fund members. Glitnir's funds now contain no shares in Stodir hf.

The government of Iceland acquires 75 percent share in Glitnir Bank

Tue, 30 Sep 2008 17:50:11 GMT

The government of Iceland has announced that it will acquire a 75% stake in Glitnir Bank at the price of 600 million euros. The Board of Directors and largest shareholders of Glitnir have accepted the offer subject to the approval of a shareholders' meeting.

Seafood team in S. America strengthens

Wed, 24 Sep 2008 21:59:28 GMT

Glitnir has recruited two new business directors for Chile and Peru to be based in Santiago and Lima respectively. Glitnir thereby strengthens its global network of expertise within the seafood industry.

Meet Glitnir at U.S. Geothermal Energy Conference & Expo in Reno, Nevada

Fri, 26 Sep 2008 14:32:29 GMT

Glitnir is proud to be represented again this year at the biggest Geothermal Energy event in the United States.The "Geothermal Energy 2008 Conference & Expo".

Full House at Glitnir's Economic Forecast Open Meeting

Wed, 17 Sep 2008 12:15:12 GMT

Almost 800 people attended an open meeting presenting Glitnir‘s economic forecast for the Icelandic economy hosted by Glitnir Research Iceland today, September 17th.

Advisory for Nevada Geothermal Power

Tue, 23 Sep 2008 11:22:06 GMT

Glitnir, the leading provider of financing and advisory services to the global geothermal energy industry, announced today that it served as lead co-arranger with Morgan Stanley & Company Inc. for a US$180 million loan facility for Nevada Geothermal Power Inc.

10700 Participated in Glitnir Reykjavik Marathon

Tue, 26 Aug 2008 13:00:24 GMT

10700 runners of all ages participated in Glitnir Reykjavik Marathon last Saturday. Lots of donations were collected for various charities, including 3 million ISK to UNICEF from Lazy Town children's race. Many Glitnir employees and customers participated - 7 employees ran the full marathon.

ASG acquire the Alaskan Pollock assets of Yardarm Knot, Inc

Mon, 18 Aug 2008 15:13:04 GMT

Glitnir advised Seattle-based American Seafoods Group ("ASG") on the acquisition of the Alaskan Pollock assets of Yardarm Knot, Inc. Both ASG and Yardarm Knot operate in the U.S. Bering Sea.

Public-to-private transaction of Clearwater Seafoods Income Fund

Sat, 16 Aug 2008 20:43:33 GMT

Glitnir has provided a suite of services to Halifax-based Clearwater Fine Foods, Inc ("CFFI") and its partners in their offer to take-private Toronto Stock Exchange listed Clearwater Seafoods Income Fund (the "Fund"), the controlling entity of Clearwater Seafoods Limited Partnership .

Glitnir Second Quarter 2008 Results

Fri, 29 Aug 2008 13:57:30 GMT

1H 08 profit before tax ISK 15.4 bn. (EUR 121m)
Total recognised earnings in equity ISK 40 bn. in 1H 08
Strong liquidity position of EUR 8.1 bn.

Glitnir Bank announces financial results for Q2 2008

Wed, 30 Jul 2008 21:22:30 GMT

Glitnir will host the following presentations and webcasts in connection with the publication of the Group's results for the first half of 2008. An English version of the presentation will be available at www.glitnirbank.com on the morning of Friday August 1st from 7:30 a.m. (8:30 GMT).

Geothermal Energy on the Agenda in New York

Tue, 02 Sep 2008 16:48:45 GMT

The President of Iceland, DOE Assistant Secretary Alexander Karsner, and Dan Reicher, Director of Google.org Climate Change Initiative, speaking at a Geothermal Renewable Energy Workshop organised by Glitnir and GEA.

Save&Save - Glitnir launches a new international deposit product

Tue, 29 Jul 2008 15:31:05 GMT

Nobel Peace Prize laureate Dr. Rajendra Pachauri joins the Board of Glitnir's Sustainable Future Fund.

Glitnir Bank has announced the launch of "Save&Save", a unique deposit product which the Bank will offer to customers in its two main markets of Iceland and Norway.

Glitnir being recognized for its Geothermal Energy Activities

Tue, 29 Jul 2008 15:31:05 GMT

Glitnir Bank made 2nd place for the “Sustainable Deal of the Year” at Financial Times Sustainable Banking awards, which were presented at an award ceremony in London Tuesday evening. Among speakers was the Mayor of London, Boris Johnson and Barcleys Chairman, Marcus Agius.

Equilibrium reached in two-year stagnation period

Tue, 29 Jul 2008 15:31:05 GMT

Glitnir Research’s macroeconomic forecast
A two-year period of stagnation has begun in the Icelandic economy, a period when the economy will reach equilibrium after rapid economic growth and overheating in recent years. We forecast negligible economic growth this year and next year as inflation subsides and the current account deficit narrows.

Glitnir aligns its operation to a changed market environment

Tue, 29 Jul 2008 15:31:05 GMT

Organisational layoffs in Iceland completed.

New members to Executive Management Board

Tue, 29 Jul 2008 15:31:05 GMT

Glitnir has appointed six key managers to the Bank's Executive Management Board.

Successful covered bond issue in Norway

Tue, 29 Jul 2008 15:31:04 GMT

Glitnir Bank ASA issues covered bonds for NOK 7 billion (approximately EUR 900m) in the Norwegian Market

Fitch changes long and short-term credit rating

Tue, 29 Jul 2008 15:31:04 GMT

Fitch Ratings Services announced today that it has lowered its long-term counterparty credit ratings on Glitnir Bank from A to A-, with a negative outlook and as a result the short-term rating is lowered from F1 to F2 with a stable outlook. The B/C individual rating was confirmed.

Glitnir Bank first quarter results for 2008

Tue, 29 Jul 2008 15:31:04 GMT

ISK 7.7 billion (EUR 76m) profits before tax
Total recognised income in equity ISK 28.4bn (EUR 280m)
Strong liquidity position EUR 8.7

Interview with Glitnir CEO Lárus Welding on CNBC Europe

Presentation of First Quarter Results

Wed, 07 May 2008 08:00:07 GMT

Glitnir will publish its first quarter results for 2008 on Wednesday May 7th. A presentation for shareholders and market participants will be held on the same day, May 7th, at Hilton Reykjavík Nordica in Reykjavik.

Glitnir Securities raises EUR 56 million in Noreco’s private placement

Tue, 29 Jul 2008 15:31:04 GMT

Glitnir Securities and Pareto Securities AS acted as joint lead managers in the private placement for 19,149 million new shares on Friday. The private placement was substantially over-subscribed. The subscription price was set to NOK 23.50 per share, giving gross proceeds of approximately EUR 56 million (NOK 450 million).

Glitnir on FT’s short-list for Sustainable Banking Awards

Tue, 29 Jul 2008 15:31:04 GMT

Glitnir was short-listed for the "Sustainable Deal of the Year" - the second year in a row! The awards, now in their third year, are to recognize banks and other financial institutions that have shown leadership and innovation in integrating social, environmental and corporate governance considerations into their operations.

Presentation of Glitnir Bank’s first quarter results

Tue, 29 Jul 2008 15:31:04 GMT

Glitnir will host the following presentations and webcasts in connection with the publication of the Group's results for the first quarter of 2008. An English version of the presentation will be available on www.glitnirbank.com as of its publication early morning on 7 May.

Larus Welding: Person of the Year 2008

Tue, 29 Jul 2008 15:31:03 GMT

Intrafish, the largest seafood newspaper in the world, has just announced that its readers have voted Lárus Welding "Person of the Year 2008". It is extremely pleasing for Glitnir and its seafood related activities that Lárus Welding, CEO of Glitnir, has received this recognition from the industry.

S&P changes Glitnir Bank’s long-term credit rating

Tue, 29 Jul 2008 15:31:03 GMT

Standard & Poor's Ratings Services announced today that it has lowered its long-term counterparty credit ratings on Glitnir Bank to BBB+ from A- with a negative outlook. At the same time the A-2 short term counterparty credit rating was affirmed. Glitnir is the only bank in Iceland rated by S&P.

EU - Seafood Industry Report

Tue, 07 Apr 2009 13:05:00 GMT

A new Glitnir Seafood Industry Report shows that the European Union, when regarded as one country, to be the world largest seafood markets and has an annual average per capita consumption of approximately 26,5 kg.

Iceland - Seafood Industry Report

Tue, 07 Apr 2009 13:05:23 GMT

Glitnir has published a new Seafood Industry Report for Iceland. The report shows that the Iceland is one of the largest single fisheries countries in the world, the total fish catches in 2007 amounting to over 1.4 million tons.

Challenges in the Seafood Industry

Mon, 21 Apr 2008 11:23:18 GMT

How the current global conditions will effect the industry.
In relation to the upcoming European Seafood Exposition in Brussels, Glitnir Bank will put the effects current economic condition of the industry on the agenda.

Glitnir advises on sale of Rahbekfisk to Espersen

Tue, 29 Jul 2008 15:31:03 GMT

Glitnir Total Capital gain from their investment.

A consortium consisting of Management, JSSS ApS, and Glitnir Total Capital has sold Rahbekfisk to Espersen in Rønne, Denmark. Glitnir Corporate Finance (DK and Iceland) advised the vendors.

Senior appointment to Glitnir’s Executive Management Team and Board Change

Tue, 29 Jul 2008 15:31:03 GMT

Lárus Welding, CEO of Glitnir, has appointed Kristinn Thor Geirsson as Executive Vice President and Chief Operating Officer (COO) of the Group.

Glitnirs Head of Nordic Research, on CNBC Power Lunch

Fri, 11 Apr 2008 09:17:15 GMT

Almar Gudmundsson, Glitnir's Head of Nordic Research, was interviewed by CNBC Power Lunch today. The main topics discussed were the Icelandic Central Bank's decision to raise interest rates by 50bps., the general prospects of the Icelandic economy and the outlook for the financial sector.

Glitnir realigns its European banking operations

Tue, 29 Jul 2008 15:31:02 GMT

Glitnir will realign its corporate banking operations in Europe and exit its current commercial property financing business operated out of Luxembourg. Going forward, Glitnir Bank Luxembourg will focus on servicing its Investment Management business and customers generated out of the bank's Nordic and international operations.

Nutreco CEO Dekker to speak at Glitnir's Luncheon in Brussels

Mon, 31 Mar 2008 13:00:55 GMT

Glitnir will host its sixth annual Luncheon at the European Seafood Exposition in Brussels on 23 April. The bank is honored to present Mr. Wout Dekker, CEO of Nutreco Holding N.V. as this year´s guest speaker.

Meet Glitnir in Brussels

Mon, 31 Mar 2008 12:58:48 GMT

With Glitnir´s strategic plans to grow in niche sectors, the bank's Global Seafood team is planning a major presence in and around the European Seafood Exposition, held in Brussels April 22-24. The ESE is the world's largest seafood exposition with over 1,600 exhibiting companies from 87 countries and over 16,000 attendees.

Al Gore meeting in Reykjavik fully booked

Tue, 29 Jul 2008 15:31:02 GMT

All seats are booked for a talk with Al Gore, former Vice President of the United States of America, in Háskólabíó theatre on Tuesday, April 8th.

Glitnir and the University of Iceland host meeting with Al Gore

Mon, 31 Mar 2008 08:57:10 GMT

Al Gore, former Vice-President of the United States and Nobel Prize winner, will be the keynote speaker at an open meeting on environmental issues to be hosted by Glitnir. The meeting is organised in co-operation with the University of Iceland. Al Gore will be visiting Iceland as a guest of the President of Iceland, Ólafur Ragnar Grímsson.

Glitnir's CEO nominated for Person of the Year by Intrafish

Fri, 28 Mar 2008 15:04:42 GMT

Glitnir Bank's CEO, Mr. Lárus Welding, is nominated as Person of the Year by Intrafish, the leading media company in the seafood world. The purpose of the awards, according to Intrafish, is to recognize the work and contributions of people who demonstrate commendable leadership and are influencing the direction of the global seafood industry.

Trade barriers & consumer confidence discussed at Boston Seafood show

Fri, 28 Mar 2008 15:25:44 GMT

Despite a softer economy and turbulent financial markets, the seafood industry didn't show any signs of a slowdown at the Boston Seafood Show in February. Glitnir had a major presence at the show in support of the bank's stated ambition to be positioned as the seafood industry's leading financial partner.

S&P changes outlook for Glitnir Bank's ratings

Tue, 29 Jul 2008 15:31:02 GMT

Standard & Poor's announced today that it has placed Glitnir Bank's credit ratings on CreditWatch with negative implication. S&P affirms Glitnir current long-term and short-term ratings. Following this announcement, Glitnir Bank's ratings are long-term A-, short-term A-2. Glitnir is the only bank in Iceland rated by S&P.

Glitnir at the largest Renewable Energy Gathering in US History

Wed, 19 Mar 2008 15:25:39 GMT

WIREC 2008, the largest renewable energy business conference and trade show ever held in the United States took place March 4-6 in Washington, D.C. hosted by the U.S. Government. Global in scope, the event hosted exhibitors, speakers and delegates from more than 70 countries from around the world.

Motion adopted by the shareholders´ meeting of Glitnir banki hf. on the 19th of March 2008

Tue, 29 Jul 2008 15:31:02 GMT

The following Motion of the Board of Directors of Glitnir banki hf. was adopted at the shareholders’ meeting of Glitnir banki hf. which was held on 19th of March 2008 at 9 a.m.:

Glitnir sells mandatory convertible bonds for ISK 15bn ($ 200m)

Tue, 29 Jul 2008 15:31:02 GMT

Glitnir successfully issued and sold an ISK 15bn ($200m) five year mandatory convertible bonds in a closed offering to Icelandic institutional investors, which commenced on 12 March ending yesterday.

Notice to convene a shareholders meeting in Glitnir banki hf.

Thu, 13 Mar 2008 13:29:28 GMT

In accordance with Article 7 in the Articles of Association of Glitnir banki hf. a shareholders meeting is hereby called for. The shareholders meeting will be held at the headquarters of Glitnir banki hf., Kirkjusandur 2, Reykjavík, on Wednesday 19 March 2008 at 9:00.

Glitnir issues a convertible bond, strengthens capital ratios considerably

Tue, 29 Jul 2008 15:31:01 GMT

The board of Glitnir Bank hf. has decided to issue convertible bonds. The bonds will be subordinated and count as Tier 1 capital. The total amount of the issue will be up to ISK 15 bn. The bonds will convert into Glitnir shares in 5 years time at a pre-determined rate in accordance with further terms of the bonds.

The CEO meets the Grand Master

Tue, 29 Jul 2008 15:31:01 GMT

On Sunday, Lárus Welding, CEO of Glitnir and Gudfridur Lilja Gretarsdottir, president of the Icelandic Chess Association, signed an agreement between the Chess Association and Glitnir at the National Centre for Cultural Heritage yesterday.

Glitnir to hit it big as the one of the world's foremost financers of geothermal projects

Tue, 29 Jul 2008 15:31:01 GMT

Glitnir is named as one of 10 companies that appear to have a chance to hit it big within the energy sector on the website Energy Tech Stocks. The series covers companies that, given the nature of their business and how the global energy industry is undergoing profound changes, have an extraordinary opportunity to gain from their know-how within the energy sector.

Person of the Year 2008

Tue, 29 Jul 2008 15:31:01 GMT

Intrafish - the largest seafood media in the world has just announced the nominees for the Intrafish Person of the year. It is extremely pleasing for Glitnir and its Seafood efforts to see that Lárus Welding, CEO of Glitnir, is nominated.

Glitnir rationalises its European operations

Tue, 29 Jul 2008 15:31:01 GMT

Current operations in Denmark consolidated in London

Moodys changes Glitnir's long term rating

Tue, 29 Jul 2008 15:31:01 GMT

Moody's Investors Service today downgraded Glitnir's long-term rating to A2, BFSR to C- with a stable outlook

Corrections to the financial statements for 2007

Tue, 29 Jul 2008 15:31:00 GMT

The following notes have been changed from previously presented financial statements:

Fishery Management, consumer Markets and seafood Mergers were important issues on the Future conference in Bremen

Thu, 06 Mar 2008 16:04:20 GMT

At the Fish International 2008 last week in Bremen, the Future of the Fishing Industry in Germany and in Iceland was highlighted on an industry conference.

Purchase agreement between largest shareholders in Geysir Green Energy´s and FL-Group has been reached

Tue, 29 Jul 2008 15:31:00 GMT

Agreement has been reached between FL-Group, Atorka hf., VGK Invest and Glitnir Bank concerning the purchase of FL-Groups entire stake in Geysir Green Energy.

Further information regarding the motion by the Board of Directors on allocation of profit and payment of dividend

Tue, 29 Jul 2008 15:31:00 GMT

The Board of Directors of Glitnir banki hf. has resolved to propose to the Annual General Meeting of the company on February the 20th 2008 that a dividend be paid totalling ISK 5,506 billion to shareholders in proportion to their shareholdings, or the equivalent of 19.9% of the profit for the year 2007 and 37% of the nominal value of share capital (or ISK 0.37 per share) from the after-tax profit of the operating year 2007, which amounted to ISK 27.651 billion.

Agenda and Proposals to the Annual General Meeting

Tue, 29 Jul 2008 15:30:59 GMT

Agenda and Proposals to the Annual General Meeting of Glitnir banki hf. , which will be held on 20 February 2008

Nominations to the Board of Directors of Glitnir

Tue, 29 Jul 2008 15:31:00 GMT

The deadline for nominations to the Board of Directors of Glitnir banki hf. expired at 2.00 pm, 13 February. The following persons have declared candidacy to the board of directors at the Annual General Meeting on 20 February 2008:

Annual General Meeting of Glitnir banki hf.

Tue, 29 Jul 2008 15:30:59 GMT

The Annual General Meeting of Glitnir banki hf. will be held at the Hotel Saga, Sulnasalur, on Wednesday 20 February 2008, starting at 2 p.m.

Glitnir in World Press Photo 1st Prize

Tue, 29 Jul 2008 15:30:59 GMT

A photo story from the Glitnir Copenhagen Marathon in May 2007 won 1st prize in the sports features category at the World Press Photo contest yesterday. Erik Refner, photographer at Berlingske Tidene newspaper in Denmark shot the 10 photos of marathon runners at the finish line in May 2007.

Glitnir Bank enters India

Tue, 29 Jul 2008 15:30:59 GMT

Forms a Joint Venture with LNJ Bhilwara Group to develop geothermal power plants in India & Nepal

Presentation and web cast in London

Fri, 22 Feb 2008 13:31:12 GMT

Lárus Welding, CEO, and Alexander K. Guðmundsson, CFO, presented Glitnir's full-year results for 2007 to shareholders and market participants on Wednesday, 30 January
Launch the webcast

Moody's reviews Glitnir's rating for possible downgrade

Tue, 29 Jul 2008 15:30:59 GMT

Moody's Investors Service announced today that they have placed on review for possible downgrade the Aa3 long-term rating and C bank financial strength rating (“BFSR”) of Glitnir banki hf. Glitnir’s P-1 short term rating was affirmed.

Glitnir Bank Full-Year Results for 2007

Tue, 29 Jul 2008 15:30:58 GMT

ISK 27.7 billion (EUR 315 m) profit after tax 19.3% Return on equity

Glitnir publishes today the fourth quarter results and Annual Accounts excluding notes

Tue, 29 Jul 2008 15:30:59 GMT

Glitnir publishes today the fourth quarter results and Annual Accounts excluding notes. As a result of technical difficulties that emerged at the very last moment in the process leading up to the publication, pertaining to its notes.

Changes to Glitnir Executive Management Board

Tue, 29 Jul 2008 15:30:59 GMT

Changes have been made to Glitnir Executive Management Board in relation to further increased regional focus on the Bank’s three geographical business regions; Iceland, Nordic and International. At the same time an agreement has been made that Jan Forsbom will step down from the Executive Management board.

Presentation of Glitnir Bank’s Full-Year Results

Tue, 29 Jul 2008 15:30:27 GMT

Glitnir will host the following presentations and webcasts in connection with the publication of the Group’s results for the full-year of 2007. An English version of the presentation will be available on www.glitnirbank.com as of its publication early morning on 29 January.

Annual General Meeting on 20 February 2008

Tue, 29 Jul 2008 15:30:29 GMT

Glitnir banki hf. will hold its Annual General Meeting at 2.00 pm on Wednesday 20 February 2008 at Hótel Saga in Reykjavík.

A new conference: The future of the seafood industry in Germany and Iceland

Tue, 19 Aug 2008 19:28:43 GMT

Glitnir, along with the Icelandic Embassy in Berlin, German-Icelandic Chamber of Commerce and Fish International, is hosting a new industry conference, focused on the future of the seafood industry in Germany and Iceland, two countries that face similar challenges in the sector. .

The conference will take place on February 12 alongside the Fish International exhibition in Bremen.
Exhibition information: www.fishinternational.com

Bjarni Ármannsson invests in Glitnir Property Holding

Tue, 29 Jul 2008 15:30:58 GMT

Bjarni Ármannsson, former CEO of Glitnir Bank, signed an agreement, after closing of market on Friday 21st of December, to buy 12% of Glitnir Property Holding (GPH), a subsidiary of Glitnir Bank, for ISK 970 million.

The Norwegian Ministry of Finance Approves Merger of Glitnir Bank ASA and BNbank

Tue, 29 Jul 2008 15:30:58 GMT

The Norwegian Ministry of Finance approved the merger of Glitnir Bank ASA and BNbank on 12 December. The merger, known internally as Project Albatross, is hence on schedule. The merger will be completed in early March next year.

Glitnir renews their supportive agreement with the Maritime Museum in Reykjavik

Tue, 29 Jul 2008 15:30:58 GMT

Glitnir has signed a three year cooperative agreement with the Maritime Museum in Reykjavik that includes a continuing support with the daily operations and expansion of the museum.

The Banker (FT) awarded Glitnir Bank of the Year 2007

Tue, 29 Jul 2008 15:30:57 GMT

The Banker magazine, a member of the Financial Times group and the world's oldest international banking magazine has named Glitnir Icelands Bank of the Year in its 2007 annual awards ceremony at the Dorchester Hotel in London.

Success for Seafood Conference in Denmark

Fri, 01 Feb 2008 11:19:28 GMT

Over one hundred people from the seafood industry participated on 19 October in ´Fremtiden for fiskeindustrien´, aconference held in Ålborg, Denmark, focusing on the future of the seafood industry in Denmark and Iceland.

Glitnir and LNJ Bhilwara Group in India sign Memorandum of Understanding

Tue, 29 Jul 2008 15:30:57 GMT

Glitnir to partner with leading Energy Company of India to establish Geothermal Energy in India and Nepal

Glitnir Bank Ratings Unaffected By Republic of Iceland Outlook Revision

Tue, 29 Jul 2008 15:30:57 GMT

Glitnir Banks rating is unaffected by S&Ps revision of the outlook on the ratings on the Republic of Iceland to negative from stable. The factors behind the sovereign rating action are already reflected in the ratings on Glitnir Bank.

Glitnir Concludes Corporate Credit Facility with Grieg Seafood ASA

Wed, 30 Jan 2008 14:40:49 GMT

Glitnir Bank in Norway is part of a group of banks which has concluded a new corporate credit facility with Grieg Seafood ASA. The group is led by Sparebanken Vest and also comprises Nordea and Sandnes Sparebank. The total credit frame is NOK 1.400 million.

Successful Ocean of Opportunities Conference

Wed, 30 Jan 2008 14:40:01 GMT

Glitnir’s annual international seafood conference, Ocean of Opportunities, was held in Shanghai, China today. Glitnir’s CEO, Lárus Welding opened the conference. Lárus reflected on the latest Glitnir seafood reports on how consumption of seafood in China is estimated to increase 40 %, and how aquaculture has to grow to maintain the current per capita consumption by 2030

A seafood report on Latin America

Wed, 30 Jan 2008 14:24:25 GMT

The total catch of Latin America amounts to 18% of total fish catches in the world. In 2005 the catch amounted to over 17 million MT with Peru and Chile catching 82% of the total volume

China is the giant of the seafood sector

Wed, 30 Jan 2008 14:21:58 GMT

China is the world's largest producer of fishing products, with around 35% of the global production. Consumption of fish products is expected to rise by 40% in the period from 2006 to 2020.

The future of Canadian seafood lies in aquaculture, according to new Glitnir report

Tue, 29 Jan 2008 18:18:06 GMT

Increasing global salmon prices counterbalance declining harvests in traditional fisheries. An expected increase in global demand for seafood will boost demand for sustainable aquaculture, and Canada is well positioned to meet such growth. The weak US dollar is forcing seafood exporters to look to alternative markets.

Glitnir Bank 9 Months Results for 2007

Tue, 29 Jul 2008 15:30:57 GMT

ISK 25.2 billion (EUR 288 m) profit after tax
24.1% Return on equity.

Íslandsbanki newsroom

Fyrirlestur um golf og góða golfsiði - kl. 12.00 í Hólum

Íslandsbanki hf. obtains 42 percent of shares in Icelandair Group hf.

A good start for the Government Portfolio

ISK strengthens on foreign markets

Straumur's deposits transferred to Íslandsbanki

International money transfer works well in Islandsbanki

Even Repayment Schedules for foreign-currency mortgages

Financial literacy course

Government Portfolio well received

Large gathering at opening of Kvosin Innovation Centre

Íslandsbanki is back!

More transparency and solutions for customers

New Glitnir Bank cuts interest rates

Sale of Morgunblaðið publisher

Glitnir Funds liquidate Fund 9 and settle balances in cash

Financial crises have a beginning and an end

A New Glitnir Assumes Operations

OMX Nordic Exchange Iceland has received the following announcement from Glitnir's Receivership Committee

An announcement from Glitnir Bank

Glitnir's Operations Continued

Uncertainty eliminated

The government of Iceland acquires 75 percent share in Glitnir Bank

Seafood team in S. America strengthens

Meet Glitnir at U.S. Geothermal Energy Conference & Expo in Reno, Nevada

Full House at Glitnir's Economic Forecast Open Meeting

Advisory for Nevada Geothermal Power

10700 Participated in Glitnir Reykjavik Marathon

ASG acquire the Alaskan Pollock assets of Yardarm Knot, Inc

Public-to-private transaction of Clearwater Seafoods Income Fund

Glitnir Second Quarter 2008 Results

Glitnir Bank announces financial results for Q2 2008

Geothermal Energy on the Agenda in New York

Save&Save - Glitnir launches a new international deposit product

Glitnir being recognized for its Geothermal Energy Activities

Equilibrium reached in two-year stagnation period

Glitnir aligns its operation to a changed market environment

New members to Executive Management Board

Successful covered bond issue in Norway

Fitch changes long and short-term credit rating

Glitnir Bank first quarter results for 2008

Presentation of First Quarter Results

Glitnir Securities raises EUR 56 million in Noreco’s private placement

Glitnir on FT’s short-list for Sustainable Banking Awards

Presentation of Glitnir Bank’s first quarter results

Larus Welding: Person of the Year 2008

S&P changes Glitnir Bank’s long-term credit rating

EU - Seafood Industry Report

Iceland - Seafood Industry Report

Challenges in the Seafood Industry

Glitnir advises on sale of Rahbekfisk to Espersen

Senior appointment to Glitnir’s Executive Management Team and Board Change

Glitnirs Head of Nordic Research, on CNBC Power Lunch

Glitnir realigns its European banking operations

Nutreco CEO Dekker to speak at Glitnir's Luncheon in Brussels

Meet Glitnir in Brussels

Al Gore meeting in Reykjavik fully booked

Glitnir and the University of Iceland host meeting with Al Gore

Glitnir's CEO nominated for Person of the Year by Intrafish

Trade barriers & consumer confidence discussed at Boston Seafood show

S&P changes outlook for Glitnir Bank's ratings

Glitnir at the largest Renewable Energy Gathering in US History

Motion adopted by the shareholders´ meeting of Glitnir banki hf. on the 19th of March 2008

Glitnir sells mandatory convertible bonds for ISK 15bn ($ 200m)

Notice to convene a shareholders meeting in Glitnir banki hf.

Glitnir issues a convertible bond, strengthens capital ratios considerably

The CEO meets the Grand Master

Glitnir to hit it big as the one of the world's foremost financers of geothermal projects

Person of the Year 2008

Glitnir rationalises its European operations

Moodys changes Glitnir's long term rating

Corrections to the financial statements for 2007

Fishery Management, consumer Markets and seafood Mergers were important issues on the Future conference in Bremen

Purchase agreement between largest shareholders in Geysir Green Energy´s and FL-Group has been reached

Further information regarding the motion by the Board of Directors on allocation of profit and payment of dividend

Agenda and Proposals to the Annual General Meeting

Nominations to the Board of Directors of Glitnir

Annual General Meeting of Glitnir banki hf.

Glitnir in World Press Photo 1st Prize

Glitnir Bank enters India