Glitnir closes covered bond in Norway
Glitnir Bank in Norway recently announced it had successfully closed a covered bond issue of NOK 7 billion (approximately EUR 900 million). The Icelan...
Glitnir strong on seafood
A new report from Glitnir indicates that despite cooling economic conditions, Iceland’s seafood industry has a strong outlook for the future, accordin...
Head of Glitnir Bank named Person of the Year
Nordic bank Glitnir has announced that its CEO Larus Welding has been named Person of the Year 2008 by the readers of Intrafish, the world’s largest s...
Turnaround in Icelandic CDS levels signals end of ‘raid’
The development of CDS spreads on Icelandic banks has reached a turnaround point and is now moving away from the peak it reached at the end of March, ...
Icelandic banks ‘fully comparable’ to Nordic counterparts
Claims that exchange rate fluctuations are eating into the profits of Icelandic banks have been dismissed by the Icelandic Financial Supervisory Autho...
Glitnir boosts liquidity through European restructuring
Nordic bank Glitnir will release up to 1 billion Euros ($1.6 billion) in liquidity when it exits its commercial property financing business based in L...
Bankers reject claims that Iceland is in financial crisis
“Fears of a meltdown are vastly overblown“, wrote Hannes Gissurarson, professor of political theory at the University Iceland in the Wall Street Journ...
Glitnir becomes second largest broker on Oslo Stock Exchange
Glitnir increased its market share to 7.37% of the equity turnover on the Oslo Stock Exchange in March. It means the Nordic banking group is now the s...