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Press Releases from Glitnir (23 total)

direct/ Glitnir (IS) - Moody´s reviews Glitnir´s rating for possible downgrade

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. According to the release the three largest Icelandic commercial banks, have now been placed on review for possible downgrade. Moody´s announcement is attached: For further information contact: Ingvar H. Ragnarsson, Managing Director, Treasury, phone

direct/ Glitnir (IS) - Glitnir Bank Full-Year Results for 2007

ISK 27.7 billion (EUR 315 m) profit after tax 19.3% Return on equity Financial Highlights - Net income increased by 17.2% year-on-year - Pre-tax profit in Q4 was ISK 3.8 billion to ISK 10.4 billion in Q3 - Net interest income in Q4 was ISK 11.9 billion, up by 54.6% from Q4 06 - Fees and commissions increased by 7.8% in Q4 and amounted to ISK 10.6 billion - 52%

direct/ Glitnir - Glitnir publishes today the fourth quarter results and Annual …

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. The full Annual Account including the notes will be published on Thursday, 31 January. The announcement was distributed by Hugin. The issuer is solely responsible for the content of this announcement.

direct/ Glitnir (IS) - Glitnir and LNJ Bhilwara Group in India sign Memorandum o …

Glitnir to partner with leading Energy Company of India to establish Geothermal Energy in India and Nepal New Delhi, 27 November 2007 - Glitnir, the Nordic corporate investment bank, and LNJ Bhilwara Group with operations in India and Nepal has signed a Memorandum of Understanding (MoU) to collaborate in developing geothermal power plants in India and Nepal. This MoU has been signed during the visit of the Finance Minister of Iceland

direct/ Glitnir (IS) - China is the world´s largest producer and exporter of se …

according to the latest Glitnir report Shanghai/Reykjavik/Oslo - 5 November 2007 - China is now the largest producer of seafood in the world, supplying some 35 percent of total global seafood products*. In addition, China leads the world in terms of the export of seafood produce, with Japan accounting for about half of its total seafood exports in recent years. Glitnir´s latest report highlights that demand for high quality seafood in

direct/ Glitnir (IS) - Glitnir publishes industry report: China Leads World in S …

"Ocean of Opportunities 2007" Conference comes to Shanghai for the first time Shanghai/Reykjavik - 5 November 2007 - Following the success of last year´s conference in Halifax, Canada, Glitnir Bank brings the "Ocean of Opportunities" conference to Shanghai, China for the first time. It is the fifth time the leading seafood bank hosts the international "think-tank" for the top global seafood companies. The latest edition of Glitnir´s 2007 China Seafood

direct/ Glitnir (IS) - Glitnir Capital Market Day Agenda

Glitnir invites you for its Capital Market Day on 1st of October in Oslo, Norway. The management of the Bank will introduce Glitnir´s strategy, operations and outlook. We look forward to see you in Oslo. To register please visit: Best regards, Vala Pálsdóttir Head of Investor Relations Glitnir_CMD_2007_Agenda The announcement distributed by Hugin directnews. The issuer is solely responsible for the content of this announcement.

direct/ Glitnir (IS) - Presentation of Glitnir Bank´s Annual Results

Glitnir will host the following presentations and web cast in relation to the publication of its first quarter results for 2007. Glitnir will publish its results before opening of markets. An English version of the presentation will be available on as of publishing on 30 April. International telephone conference and web cast Glitnir will host a live presentation via webcast in English at 1.00 p.m., (2.00 p.m. GMT), Monday 30 April.

direct/ Glitnir (IS) - Glitnir acquires 68.1 percent of FIM Group in Finland

Not for distribution in the United States 16 March 2007 - Based on to the agreements entered into between Glitnir banki hf. and the 11 main shareholders of FIM Group Corporation on 5 February 2007, Glitnir banki hf. today aquired 68.1 percent of the shares in FIM Group Corporation in Finland on terms announced on February 5th 2007. Glitnir plans to launch a tender offer for the remaining shares in

direct/ Geysir Green Energy founded: Focus on geothermal projects around the wor …

Glitnir, FL Group and VGK Hönnun Engineering have founded an investment company, Geysir Green Energy, with the objective of investing in sustainable energy. Some key points: - FL Group, Glitnir and VGK Hönnun Engineering establish Geysir Green Energy to invest globally in renewable energy projects with basis of geothermal sources - The company aims to invest USD 1 billion in sustainable energy projects - The aim is to become a leader

direct/ Glitnir (IS) - Glitnir´s rating unaffected by S&P´s sovereign downgrad …

Reykjavik/Oslo, 22 December 2006 - Glitnir´s rating is unaffected by S&P´s sovereign downgrade of Iceland. S&P states in a release today, that Glitnir´s rating is not threatened by Republic of Iceland downgrade. Glitnir was rated by S&P in March 2006, as the first and only Icelandic Bank to date. Glitnir, the Nordic financial group, with Iceland-and Norway as home markets is a global niche bank in the seafood/food, sustainable energy

direct/ Glitnir (IS) - Icelandair Group to be listed on the Icelandic Stock Exch …

MAIN POINTS - Glitnir underwrites 51% share in Icelandair Group in the IPO process - Enterprise value of Icelandair Group (100%) is ISK 43 billion (EUR 480 million). - FL Group´s profit from the sale is estimated ISK 26.0 billion (EUR 290 million) based on total value of equity in Icelandair Group. - All employees of Icelandair Group will have the opportunity to purchase shares in the company According to

direct/ Glitnir (NO) - Glitnir takes important step to improve use of IT: Olav I …

Oslo - 15 September 2006 - Olav Isak (Isak) Sjøflot has joined the global Glitnir IT Management team to become Executive Director responsible for IT support and strategy in Norway, reporting to Gísli Heimisson, Managing Director for IT in Glitnir. Isak Sjøflot main responsibility will be the synchronising of IT activities within the units of Glitnir in Norway and strengthen the strategic use of IT within the group. This is

direct/ Glitnir (IS) - New dial-in numbers for todays conference call

INTERNATIONAL TELEPHONE CONFERENCE Glitnir will host a telephone conference in English at 12.30 PM Iceland time, 2.30 PM Stockholm/Oslo and 1.30 PM UK time today Wednesday August 30. Bjarni Ármannsson, CEO, will give his comments to the Fitch Rating and answer questions. To participate, call +44 (0)20 7162 0025 (UK), +47 2156 3120 (Norway) or +1 334 323 6201 (USA), no later than ten minutes in advance. Bjarni Ármannsson, CEO, Frank

direct/ Glitnir (IS) - Glitnir advises and provides finance for acquisition of H …

London/Oslo, 24 August 2006 - Baugur, together with a consortium of investment partners, announces a recommended offer for House of Fraser; Glitnir is acting as Financial Adviser, Underwriter, Mandated Lead Arranger and Bookrunner in the transaction Baugur Group, through its subsidiary BG Holding, announced today that it, together with a consortium of investment partners, has reached agreement with the Board of House of Fraser on the terms of a recommended cash

direct/ Glitnir (IS) - -Update on Glitnir Bank Funding and Liquidity -Glitnir Ba …

Update on Glitnir Bank Funding and Liquidity -Glitnir Bank has liquid assets to cover all refinancing needs for 2007 Reykjavik, 24 August 2006 - This year Glitnir Bank has issued bonds and loans amounting to approximately EUR 3 billion. The long-term foreign debt of Glitnir Bank (parent company) maturing in 2007 amounts to EUR 2.7 billion. Due to its strong liquidity position the bank has been buying back selected issues

direct/ Glitnir - BNbank and Glitnir strengthen distribution in Norway: BNbank a …

Trondheim/Oslo, 16 August 2006 - BNbank, a part of the Icelandic financial group Glitnir, today entered into an agreement to acquire 45 per cent of the shares in Norsk Privatøkonomi ASA. Norsk Privatøkonomi ASA is a independent financial advisory company with 12 branches in key areas of Norway. The acquisition strengthens BNbank and Glitnir´s distribution in Norway. Norsk Privatøkonomi ASA (NPØ), who recently obtained a securities firm licence, offers financial

direct/ Glitnir (IS) - Euromoney ranks Glitnir "Best bank" in Iceland

Glitnir wins prestigious award from Euromoney Reykjavik, Iceland, 17 July 2006 - The leading bank and finance publisher Euromoney PLC ranks Glitnir "Best Bank" in Iceland in its new report. Euromoney released its yearly ranking of the finance sector today. "Glitnir´s business model is more conducive to sustainable profitability than its peers," states Euromoney. "We are proud to be ranked the best bank based in Iceland," comments Bjarni Ármannsson, CEO

direct/ Glitnir Bank issues US$ 500 million subordinated bonds

Reykjavík 13th of June 2006: Yesterday, Glitnir Bank issued US$ 500 million subordinated bonds, the equivalent of ISK 37 billion. The issue classifies as Tier 2 capital and is for a term of 10 years, and may be called by Glitnir after 5 years. The terms of the transaction are 175 basis points over 5 year US treasury bonds, or equivalent to 123 basis points over LIBOR. The overwhelming majority

direct/ Glitnir - Glitnir Bank opens office in Halifax, Canada - Energy, offshor …

Reykjavik/Oslo/Halifax, 9 July 2006 - Glitnir Bank of Iceland has opened a representative office in Halifax, Canada. The primary business activities of the new office will be to develop the Bank´s relations with its clients in Canada, focusing on the food sector, especially seafood, sustainable energy and offshore supply vessels and shipping, the sectors that the Bank emphasizes in international markets, in addition to supporting our customers from home markets

direct/ Glitnir - Conference call - 2 PM London/UK and 3 PM Stockholm/Oslo time

Regarding: Glitnir acquires Fischer Partners, a leading Swedish brokerage firm: Consolidates Glitnir´s position in Norway and the Nordics Conference call Glitnir will host a telephone conference in connection with the acquisition of Fischer Partners at 1 PM, Iceland time (2 PM UK) (3 PM Stockholm/Oslo) on Friday 26 May. To participate, call UK +44 (0)20 7162 0025, USA +1 334 323 6201 or Norway +47 2156 3120, no later than ten minutes in

direct/ Glitnir: Update on the latest report on Glitnir and market information o …

Reykjavik/Oslo - 15 March 2006 - We have had a significant number of requests from the Nordic, as well as international media, that follows Glitnir (former Íslandsbanki, ISB) on the latest updated research that differentiates us in a positive way from the competition. Please find the most recent document for your information and file: 1. Credit Sights, Glitnir (Íslandsbanki) - the odd one out? 2. Morgan Stanley, European Banks:

direct/ Glitnir: Íslandsbanki becomes Glitnir - introduces new global brand

Reykjavik, 12 March 2006 - Íslandsbanki has changed its brand name to Glitnir, at the same time adopting a new logo and appearance. The bank´s subsidiaries and offices in five countries will also operate under the Glitnir brand. Announcement of the new name was made on Saturday in Reykjavík, at an event attended by about 1,000 of the company´s employees in Iceland, Norway, Denmark, Luxembourg and the UK. Extensive changes

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