As already announced, Glitnir has delivered the estate's 95% stake in Íslandsbanki to the Central Bank of Iceland and the Icelandic Government as part of its stability contribution this autumn. The Government previously owned a 5% share in Íslandsbanki. The Competition Authority has approved the transaction and Íslandsbanki is now wholly state-owned as a result.
The change in ownership will not affect the day-to-day operations of Íslandsbanki, and the Bank's customers and employees will not notice any change as a result of the transaction.
At the request of its owners, the Bank's Annual General Meeting has been postponed until 19 April 2016.
For further information:
- Investor Relations - Tinna Molphy, tinna.molphy@islandsbanki.is, tel +354 440 3187
- Media Relations - Edda Hermannsdottir, edda.hermannsdottir@islandsbanki.is and tel: +354 440 4005