Kaupthing Bank raises equivalent of EUR 1.3 billion in long-term funding
This new funding of EUR 1.3 billion adds to the strong liquidity position, which is further supported by the fact that Kaupthing Singer & Friedlander will be exiting its Asset Finance and Commodity Trade Finance businesses in the UK (announced on 25 February), which is expected to free up liquidity in excess of GBP 1 billion (EUR 1.3 billion) in 2008. Further funding this year will be aimed at financing the modest growth of the Bank and pre-funding the year 2009.
Gudni Adalsteinsson - Chief Treasurer, + 354 444-6126 or Jónas Sigurgeirsson - Chief Communications Officer, +354 444-6112
About Kaupthing Bank
Kaupthing Bank offers comprehensive commercial and investment banking services to individuals, companies and institutional investors. The Bank is a leading player in all the main areas of the Icelandic financial market, and in addition to Iceland, the Bank's key markets are Denmark and the United Kingdom. The Bank focuses on the growth and development of its international activities and aims to be one of the leading investment banks in northern Europe.
Kaupthing Bank operates in thirteen countries with its headquarters located in Reykjavík. The Bank's main subsidiaries are FIH Erhvervsbank in Denmark, Kaupthing Singer & Friedlander in the United Kingdom, Kaupthing Bank Sverige, Kaupthing Bank Luxembourg, Kaupthing Bank in Finland, Norvestia Oyj in Finland, Kaupthing New York, Kaupthing Switzerland, Kaupthing Bank Belgium and Kaupthing Bank Norge in Norway. The Bank also has activities in Isle of Man, the Dubai International Financial Centre (DIFC) and the Qatar Financial Centre (QFC). As of 31 December 2007 the number of full-time equivalent positions was 3,334 at Kaupthing Bank and its subsidiaries. www.kaupthing.com
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Kaupthing Bank raises equivalent of EUR 1.3 billion in long-term funding here
News-ID: 39014 • Views: 791
More Releases from Kaupthing Bank
Kaupthing and SPRON to initiate merger discussions
Kaupthing Bank hf. (\"Kaupthing\") and Sparisjódur Reykjavíkur of nágrennis hf. (\"SPRON\") have decided to enter negotiations on a possible merger between the companies. Negotiations are expected to be completed in approximately four weeks. Any merger of the companies is subject to the approval of a SPRON shareholders\' meeting, the Board of Directors of Kaupthing, the Icelandic Financial Supervisory Authority, the Icelandic Competition authority and the companies\' creditors. Further information For further information
Kaupthing Bank's results for the first quarter of 2008
Net earnings of ISK 18.7 billion (EUR 184 million) * Shareholders\' net earnings of ISK 18.7 billion - ISK 20.3 billion in same period of 2007 * Annualised return on equity in Q1 of 23.7% * Earnings per share of ISK 26.1 versus ISK 27.4 in Q1 2007 * Net interest income up by 31.2% from the same period in 2007 * Net fee and commission income down by 11.3% from the same period in
Economic Focus - Where is the króna headed?
Kaupthing Research has issued an economic analyze for the outlook for the Icelandic Króna. The conclusion is: Good long-term outlook, but difficult short-term. The ISK exchange rate bears the hallmarks of an overshooting that will readjust itself in the longer term. In the short term, however, the króna faces greater uncertainty than before and the immediate direction of the krona is not necessarily up. Near term developments will principally be determined by
Iceland Economic Outlook for Q1 2008
Cooler times ahead The state of the Icelandic economy has altered since our last forecast, after the deepening of the sub-prime crisis on the international markets. The economy is more cooling down, opening up the possibility that the Central Bank of Iceland will cut interest rates sooner than previously forecast. Highlights of the forecast: - Economic growth in 2008 will be low due to decreasing private consumption and fewer investments.
More Releases for EUR
Archiware delivers professional Archive and Backup for 1,000 EUR
Archiware GmbH, manufacturer of the media-focussed data management software suite Archiware P5, now offers the new, affordable P5 Desktop Edition. The new license bundle caters to small teams and single users willing to professionally archive their media. Director and DOP Anton Nelson showcases what the P5 Desktop Edition can do in a beautiful testimonial. Munich, February 4th, 2019 - Keeping media safe is crucial in media production – be it raw
onlineprinters.com invests more than EUR three million in production
New 8-colour offset printing press expands online print shop's capacity Neustadt an der Aisch, Germany – By investing more than EUR three million, Onlineprinters, the internationally operating online print shop, has expanded the production facilities at its German site. Extra offset printing capacity was added in September with the purchase of a new state-of-the-art 8-colour printing press, the Heidelberger Speedmaster XL 106-8P, including a new CTP system for digital printing plate
EUR 155,000 for Safe Zones Project
Eichsfeld Festival Attracts 25,000 Music Fans to Downtown Duderstadt "Tonight is going to rock!" It was with these words that initiators Professor Hans Georg Näder and Peter Maffay opened the 2012 Eichsfeld Festival this past Saturday. Around 25,000 music fans followed the invitation to experience top-class live performances in the Marktstraße of Duderstadt that day. Peter Maffay, Ich + Ich and four regional special guests did more than just wow the
Clariant successfully issues EUR 500 million Eurobond
Muttenz, January 17, 2012 – Today, Clariant successfully priced an Eurobond transaction of EUR 500 million with a tenor of 5 years, issued by Clariant Finance (Luxembourg) S.A. and guaranteed by Clariant Ltd. The fixed rate notes with a minimum denomination of EUR 100,000 and a final coupon of 5 ⅝ % p.a. are maturing on January 24, 2017. The orderbook was significantly oversubscribed on the back of strong investor demand.
VSCloud – cloud services from 0.78 EUR per day
On 15th of August, at a press conference, the unique cloud project named VSCloud was presented which provides cloud services of IaaS (Infrastructure as a Service) type. After three months, VSCloud can boast with hundreds of active users mainly from the Czech Republic and Slovakia. The leadership of VSCloud foresees that the number of first thousand active users will be surpassed by the end of this year. What are the advantages
“Die Presse” Scholarship in the amount of EUR 15000
MSc Program Environmental Technology and International Affairs The shortage of environmental resources and the dealing with pollution are challenges which the international society of the 21st century has to face. Climate change, water shortage and air pollution are only some of the problems which have to be solved. The purpose of a sustainable development can be reached only if decision makers dispose of a comprehensive education. The cooperation between the Vienna University