Press Releases from Glitnir (IS) (42 total)
direct/ Glitnir (IS) - Glitnir publishes Annual Accounts 2007
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 compared 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…
direct/ Glitnir (IS) - Presentation of Glitnir Bank´s Full-Year Results
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 glitnirbank.com as of its publication early morning on 29 January.
Presentation in Reykjavík, Iceland
Lárus Welding, CEO, and Alexander K. Gudmundsson, CFO, will present Glitnir´s full-year results for 2007 to shareholders and market participants on Tuesday, 29 January,…
direct/ Glitnir (IS) - Bjarni Ármannsson invests in Glitnir Property Holding
Reykjavík/Oslo - 27th of December 2007 - 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. Glitnir Bank´s remaining share in Glitnir Property Holding after the transaction will be 48.8%. The agreement is subject to the approval of the Board of Directors of…
direct/ Glitnir (IS) - Glitnir Bank Ratings Unaffected By Republic of Iceland Ou …
Reykjavik, November 20, 2007 - Glitnir Bank´s rating is unaffected by S&P´s revision of the outlook on the ratings on the Republic of Iceland to negative from stable.
"Moreover, the ratings on the bank are underpinned by its strong domestic franchise, as well as by geographic diversification through its growing presence in Norway, Sweden, and Finland," says S&P´s report. "They also recognize the bank´s consistently high profitability and current good…
direct/ Glitnir (IS) - Aquaculture is gaining momentum in Latin America
According to Glitnir´s latest seafood report, boosting exports of farmed salmon and tilapia to the US, and fishmeal to China.
Shanghai/Reykjavik/Oslo/New York, 5 November 2007 - Latin America is an important player in the global seafood industry. Peru and Chile alone account for approximately half of the world´s total fishmeal production and Chile is the world´s second largest producer of farmed salmon after Norway. Aquaculture is a growing trend across…
direct/ Glitnir (IS) - Glitnir Bank 9 Months Results for 2007
ISK 25.2 billion (EUR 288 m) profit after tax
24.1% Return on equity
Financial Highlights
- Net income increased by 56% year-on-year and were higher than ever before
- Pre-tax profit in Q3 was ISK 10.4 billion, up by 0.3% from Q3 2006
- Net interest income in Q3 was ISK 9.6 billion, up by 3% from Q3 06
- Fees and commissions increased by 119% in Q3 and amounted to ISK 10.9 billion
- 46%…
direct/ Glitnir invites the seafood interested press to join the "Ocean of Oppor …
Glitnir invites the seafood interested press to join the "Ocean of Opportunities 2007", Shanghai, China, Sunday 4 - Monday 5 November, 2007.
Glitnir welcomes you to Shanghai and the 2007 Ocean of Opportunities, the leading think-tank within seafood - where key decision-makers within the global seafood industry meet to explore future opportunities and challenges facing the industry.
We are proud to introduce an elite line-up of speakers who will provide…
direct/ Glitnir (IS) - Glitnir Number One Broker on OMX Nordic Exchange in Septe …
Reykjavik/Oslo/Stockholm/Copenhagen/Helsinki/Moscow, 11 October 2007 - Glitnir handled 6.56% of the turnover on OMX Nordic Exchange in September. This gave the banking group the top position in terms of total market share for the first time. Based on year-to-date turnover, Glitnir is the second largest broker on OMX with a market share of 6.25%.
The top five brokers by turnover on the Nordic Exchange in September were:
Rank Member …
direct/ Glitnir (IS) - Glitnir Bank and Fu Ji Catering sign strategic consulting …
Shanghai, China/Reykjavik, Iceland - October 4th 2007 - Glitnir, the Nordic bank, and the Chinese catering company Fu Ji today announced their conclusion of a strategic consulting agreement. Under the agreement, Glitnir will act as financial and strategic consultant for Fu Ji, as the company further grows its business in China. Glitnir will draw upon its expertise in the international seafood industry, working through the Bank´s representative office in Shanghai.…
direct/ Glitnir (IS) - Live webcast from Glitnir Capital Market Day 1 October.
Glitnir will hosts its Capital Market Day on 1st of October in Oslo, Norway. The management of the Bank will introduce Glitnir´s strategy, operations and outlook.
A live broadcast of the Glitnir Capital Market can be accessed on Glitnir´s web: www.glitnirbank.com on Monday as of 8:50 am (CET). Questions can be sent to the meeting via the web cast.
For further information please contact, Vala Pálsdóttir, Head of Investor Relations,…
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: www.glitnirbank.com/cmd
Best regards,
Vala Pálsdóttir
Head of Investor Relations
Glitnir_CMD_2007_Agenda
http://www.glitnir.com
The announcement distributed by Hugin directnews.
The issuer is solely responsible for the content of this announcement.…
direct/ Glitnir (IS) - Fitch affirms Glitnir rating
Fitch Ratings has today affirmed Glitnir Banki´s ("Glitnir") ratings at Long-term Issuer Default (IDR) ´A´, Short-term IDR ´F1´, Individual ´B/C´, Support ´2´ and Support Rating Floor of ´BBB´. The Outlook for the Long-term IDR is Stable.
Fitch ratings is attached: Fitch ratings
http://hugin.info/133924/R/1148782/219586.pdf
For further information from Glitnir, please contact:
Ingvar H. Ragnarsson, Executive Director of International Funding, phone +354 844 4665,
e-mail ingvar.ragnarsson@glitnir.is
Bjørn Richard Johansen, Managing Director, Corporate Communications, Glitnir,…
direct/ Glitnir (IS) - Glitnir Bank starts its operations in the beginning of Oc …
Helsinki/Reykjavik - 23 August 2007 - The FIM Group Corporation, Helsinki, Finland, expands its services to cover banking as well. Glitnir Bank Ltd, which is part of the FIM Group, starts its operations on the 1st of October 2007.
The Finnish Financial Supervision Authority has granted FIM Securities Ltd, which belongs to the FIM Group, on the 21st of August 2007 the authority to operate as a credit institution and…
direct/ Glitnir (IS) - Teri Heilala appointed Head of FIM´s retail banking oper …
Helsinki/Reykjavik - 23 August 2007 - Teri Heilala, M.Sc. (Econ.), CEFA, has been appointed Head of Retail Banking and member of the Management Board of FIM Group Corporation, Helsinki, Finland, effective as of August 2007.
Teri Heilala has been developing FIM´s banking operations since May 2007 when he joined the company. Prior to FIM, Teri Heilala worked as Head of Retail Banking at eQ Bank. He has also held several…
direct/ Glitnir (IS) - Glitnir Bank half year results for 2007
ISK 16.5 billion (EUR 189 m) profit after tax
24.2% return on equity
Financial Highlights
- Pre-tax profit in Q2 was ISK 11.3 billion, up by 34% from Q1 2007
- 45% of pre-tax profit was generated outside Iceland
- Net interest income in Q2 was ISK 9.7 billion up by 22% from Q1 07
- Fees and commissions increased by 22% in Q2 and amounted to ISK 8.9…
direct/ Glitnir (IS) - Glitnir Capital Market Day 2007, 1 October 2007 in Oslo
Dear Stakeholder
Last year, Glitnir organised for the first time the Glitnir Capital Market Day, with great success. Much has happened since then, and 2006 will long be remembered as the year when the spotlight of international media and analysts was on the Icelandic financial sector and economy. In spite of the tempestuous climate, Glitnir performed extremely well, and 2006 will go down as one of the best in the…
direct/ Glitnir (IS) - Glitnir Q2 Presentation and web cast in London, UK
Glitnir will host the following presentations and webcasts in relation to the publication of its second quarter results for 2007. An English version of the presentation will be available on glitnirbank.com as of its publishing midday on 31 July.
Lárus Welding, CEO, and Alexander Gudmundsson, CFO, will present Glitnir´s second quarter results for 2007 to shareholders and market participants on Wednesday, 1 August, at 11 a.m. at The Great Eastern…
direct/ Glitnr (IS) - Presentation of Glitnir Bank´s Second Quarter Results
Glitnir will host the following presentations and webcasts in relation to the publication of its second quarter results for 2007. An English version of the presentation will be available on glitnirbank.com as of its publishing midday on 31 July.
Presentation in Reykjavík, Iceland
Lárus Welding, CEO, will present Glitnir´s second quarter results for 2007 to shareholders and market participants on Tuesday, 31 July, at 1.30 p.m. at Nordica Hotel, room…
direct/ Glitnir (IS) - Glitnir signs first real estate joint venture in China wi …
Reykjavik/Shanghai - 21 June 2007 - Glitnir, the leading Icelandic financial services group, has today announced a joint venture project with CGCOC (CGC Overseas Construction Co. Ltd), for the development of a residential compound in a prime location in the heart of Shenyang city, the capital of Liaoning province in northeast China.
The development site covers 230,000 square metres, of which 85 percent will be committed to housing and 15…
direct/ Glitnir (IS) - Two new members promoted to the Executive Management Boar …
Alexander K. Gudmundsson to be new group CFO and Gisli Heimisson to be new EVP for Shared Services
Link to photos of Alexander K. Guðmundsson and Gísli Heimisson, Executive Vice Presidents, Glitnir
Reykjavik/Oslo - 29 May 2007 - Alexander K. Guðmundsson, Executive Director and second in command of building up Glitnir´s operations in Norway, has been appointed CFO of the Glitnir group. It is also announced that Gísli Heimisson will take…
direct/ Glitnir (IS) - The right and obligation to redeem the shares in FIM Grou …
Reykjavík/Helsinki 25 May 2007: In accordance with Chapter 18, Section 2 of the Finnish Companies Act, Glitnir banki hf. has today given a notification to FIM Group Corporation according to which Glitnir´s holding in FIM has exceeded nine tenths (9/10) of the shares and votes in FIM.
Glitnir´s current holding in FIM is 42,176,109 shares corresponding to approximately 98.81 per cent of the shares and votes in FIM.
In accordance…
direct/ Glitnir (IS) - Glitnir successfully closes FIM tender offer
Over 97% of FIM shareholders accepted Glitnir shares as payment
Glitnir Bank now holds 98.28% in FIM Group
Reykjavík/Helsinki 21 May 2007: Glitnir Bank closed its tender offer on 16 May for all issued and outstanding shares and option rights in FIM Group and now holds total of 98.28% of FIM shares. Glitnir announced its intention to acquire FIM on February 5th, when the bank received undertakings from the 11…
direct/ Glitnir (IS) - Management completes secondary buyout of Nopco Paper Tech …
Glitnir Total Capital assists Nopco Paper Technology
Oslo/Drammen - Friday 18 May, 2007 - Management completes secondary buyout of Nopco Paper technology with the assistance of Glitnir Total Capital. Recently, Glitnir, together with the five man strong management team of Nopco Paper Technology AS, acquired the Drammen based speciality chemicals company in a secondary buyout from previous majority owners, Nordic Capital Fund III. The deal value is undisclosed, but in…
direct/ Glitnir (IS) - Glitnir strengthens Executive Management: Jan Forsbom app …
Reykjavik/Helsinki, 14 May 2007 - Jan Forsbom (42), Managing Director for FIM Asset Management, Helsinki Finland, has been appointed Executive Vice President within Glitnir with responsibility for Investment Management. This unit aims to implement FIM´s products and services cross-border within Glitnir as well as strengthen all the services covering fund management, discretionary asset management, structured products, private banking and distribution. Glitnir aims to grow cross-border Investment Management substantially in the…
direct/ Glitnir (IS) - Glitnir consolidates Executive Management: Sveinung Hartv …
Morten Bjørnsen, head of Nordic Banking, to take seat in the Executive Management Board Frank O. Reite takes on new role as EVP for Strategic Growth & Business Development
Link to photos of Sveinung Hartvedt, new Executive Vice President of Glitnir Market, and Frank O. Reite, Executive Vice President, Strategic Growth & Business Development in Glitnir
Sveinung Hartvedt
Frank O. Reite
Reykjavik/Oslo/Stockholm/Helsinki, 9 May 2007 - Sveinung Hartvedt, Vice President Equity…
direct/ Glitnir (IS) - Moody´s affirms Glitnir´s credit ratings
Moody´s affirms Glitnir´s Credit Ratings Moody´s Investors Service has yesterday affirmed Glitnir Bank Aa3 /P-1 credit rating, with the financial strength of C and outlook stable.
Moody´s press release is attached.
www.glitnirbank.com
Moody´s press release
http://hugin.info/133924/R/1123682/207724.pdf
http://www.glitnirbank.com
Glitnir
For further information please contact:
Bjørn Richard Johansen, Managing Director, Corporate Communications, Glitnir, mobile +47-47 800 100, e-mail: brj@glitnir.no
Vala Pálsdóttir, Head of Investor Relations, mobile: +354 844 4989, e-mail: vala.palsdottir@glitnir.is…
direct/ Glitnir (IS) - Glitnir Bank first quarter results for 2007
ISK 7.0 Billion (EUR 78 m) Profit after Tax
20.5% Return on Equity
The highlights of Glitnir Bank´s financial statements for the first quarter of 2007 are as follows:
- After-tax profit for the first quarter was ISK 7.0 billion, as compared to ISK 9.1 billion in Q1 2006. After-tax profit was ISK 9.3 billion in Q4 2006.
- Pre-tax profit for the first quarter was ISK 8.4 billion, as compared to ISK 11.2…
direct/ Glitnir (IS) - Presentation of Glitnir Bank´s First Quarter 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 glitnirbank.com 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…
direct/ Glitnir (IS) - New, leading Nordic commercial real estate advisor formed …
Stockholm/Oslo/Reykjavik - 17 April 2007 - The leading Nordic commercial real estate adviser, Glitnir Property Holding, is created through the combination of the Norwegian Glitnir Property Group (the parent company of Glitnir Næringsmegling AS, Glitnir Real Estate AS and UNION Eiendomskapital AS, former UNION GRUPPEN) based in Oslo and the Swedish real estate adviser Leimdörfer with offices in Stockholm and Helsinki, Finland. This is one important step in the strategy…
direct/ Glitnir (IS) - Glitnir´s rating unaffected by Fitch sovereign downgrade …
Fitch Rating agency has today affirmed Glitnir Bank´s ratings at Issuer Default ´A´, Short-term ´F1´, Individual ´B/C´ and Support ´2´. The Outlook on the Issuer Default rating is Stable. Glitnir´s rating unaffected by Fitch sovereign downgrade of Iceland
Fitch rating is attached.
For further information from Glitnir, please contact:
Tómas Kristjánsson, CFO, Glitnir, Mobile: +354 844 4656, e-mail: tomas.kristjansson@glitnir.is
Ingvar H. Ragnarsson, Executive Director of International Funding, phone +354 844 4665,…
Glitnir (IS) - Glitnir´s comments to Moody´s positive announcement on Friday: …
Reykjavik - 26 February 2007 - Moody´s Investors Service upgraded Glitnir Bank´s credit rating, along with the other Icelandic banks, on Friday to Aaa due to changes in JDA Methodology. This is the highest possible rating. Moody´s affirmed the P-1 credit rating of Glitnir and the financial strength, C. Moody´s press release and rating changes for Iceland are attached via link.
Moody´s Rating
http://hugin.info/133924/R/1107821/200030.pdf
Moody´s Press Release
http://hugin.info/133924/R/1107821/200031.pdf
- Glitnir was rated A1 and the…
direct/ Glitnir (IS) - Glitnir Bank´s Conference call in relation to FIM acquis …
Glitnir and FIM will host a telephone conference in English at 12.30 Finland, 11.30 Oslo time, 10.30 UK/Iceland, Monday 5 February. Bjarni Ármannsson, CEO of Glitnir, and Risto Perttunen, CEO, FIM will present the transaction and chair the phone conference.
To participate, call:
UK +44 (0)20 7162 0025
Norway: + +47 2156 3120
Denmark: +45 327146/7
Finland: +358 (0)9 2313 9201
Sweden +46 (0)8 5052 0110
The conference call, along…
direct/ Glitnir (IS) - Glitnir acquires majority in the listed FIM Group in Finl …
Link to press photos: Bjarni Ármannsson, CEO, Glitnir, and Risto Perttunen, CEO of FIM
Helsinki, Reykjavik, Oslo - 5 February 2007 - Glitnir banki hf. today announced its intention to make a public tender offer for the shares in FIM Group Corporation in Finland. Glitnir has received an undertaking from the 11 major owners of FIM, who currently hold 68.1 percent of FIM, to sell their shares to Glitnir. Glitnir has…
direct/ Glitnir (IS) - Glitnir announces organisational changes: Consolidates ma …
Reykjavik, 2 February 2007 - Glitnir today announced changes to the group´s organisational structure and plans to open office in New York to support its North American business. The aim of the organisational changes is to facilitate strong and profitable integration of all business units and to accommodate further growth.
Glitnir´s new organisation is a matrix of functional, geographical markets and support divisions. The Business units are Markets, Investment Banking,…
direct/ Glitnir (IS) - Glitnir Bank full year results for 2006
ISK 38.2 Billion (EUR 435 m) Profit after Tax
39.4% Return on Equity
ISK 9.3 billion (EUR 106 m) profit after tax in Q4
The highlights of Glitnir Bank´s financial statements for the full year of 2006 are as follows:
- After-tax profit for the fourth quarter was ISK 9.3 billion, as compared to ISK 8.8 billion in Q3 2006. After-tax profit was ISK 38.2 billion in 2006, as compared…
direct/ Glitnir (IS) - Presentation of Glitnir Bank´s 2006 Annual Results
Glitnir will host the following presentations and conference calls in relation to the publication of its full annual results for 2006. Glitnir will publish its results before opening of markets. An English version of the presentation will be available on www.glitnirbank.com as of 30 January.
Presentation to shareholders and market participants in Reykjavík, Iceland
Bjarni Ármannsson, CEO, will present Glitnir´s full year results for 2006 to shareholders and market participants on…
direct/ Glitnir (IS) - Glitnir Bank issues USD 500 million of Floating Rate Note …
Glitnir Bank issued $500 million of Floating Rate Notes on 10 November. The notes, due in January 2011, were issued in response to notable demand from institutional investors in the US. The deal pays a margin of 44 basis points over 3 month US$ LIBOR with an issue price of par. The offering was the first to be made off Glitnir´s recently-signed US$ 5 billion US Medium Term Note Programme,…
direct/ Glitnir (IS) - Glitnir Bank´s Presentation of Q3 2006 results
Glitnir will host the following presentations and conference calls in relation to the publication of its Q3 2006 results. An English version of the presentation will be available on www.glitnirbank.com as of October 31st.
International telephone conference
Glitnir will host a telephone conference in English at 2 p.m., local time (2 p.m. UK), Tuesday October 31st. Bjarni Ármannsson, CEO, will present the results and answer questions. To participate, call + 44…
direct/ Glitnir (IS) - Presentation of Glitnir Bank´s third quarter 2006 result …
Glitnir will host the following presentations and conference calls in relation to publishing Q3 2006 results. An English version of the presentation will be available on www.glitnir.is as of October 31st.
International telephone conference
Glitnir Bank will host a telephone conference in English at 2 p.m., local time (2 p.m. UK), Tuesday October 31st. Bjarni Ármannsson, CEO, will present the results and answer questions. To participate, call + 44 (0)207…
direct/ Glitnir (IS) - Webcast of Glitnir´s Capital Markets Day
Reference to our Capital Markets Day in Reykjavik today:
Webcast details - broadcast.glitnir.is:
The presentations and sound will be webcasted on broadcast.glitnir.is
If any problem call: Vala Palsdottir, Head of IR, mobile +354-844 49 89
Glitnir will host its first Capital Market Day at Nordica Hotel in Reykjavik, Iceland, today Wednesday 13 September.
The management of the Bank will introduce Glitnir´s strategy, operations and outlook.
Wednesday 13th of September (Time; 8.30…
direct/ Glitnir (IS) - Following years of exceptional growth: Glitnir announces …
Reykjavik, 12 September 2006 - Glitnir today announced changes in the bank´s organisational structure, following years of exceptional growth. The changes announced today follow the consolidation of the Capital Market units and the establishment of a Shared Services unit, which were implemented August 24th. The organisational adjustments aim at optimising management focus, ensuring efficiency and integration, and building an even stronger platform for further profitable growth. "Following two years of…
direct/ Glitnir (IS) - Glitnir Bank issues US$ 250 million hybrid Tier 1 bonds
Glitnir Bank issued US$ 250 million perpetual hybrid Tier 1 capital notes. The issue is callable by Glitnir Bank after 10 years. The terms of the transaction are 265 basis points over 10 year US Treasury bonds, equivalent to 208 basis points over LIBOR. Based on 1H 06 figures the Bank´s capital ratios now stand at 10.2% for Tier 1, and CAD at 15.3%.
The transaction was structured in US 144a…
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