Íslandsbanki hires Corestar Partners as advisor


Íslandsbanki has engaged international consulting firm Corestar Partners along with the Bank´s own corporate finance team in connection with a formulation of the Bank´s strategy for its holding in Borgun, a payment services company. Corestar Partners is a specialised provider of corporate finance advice in the payment services sector, with operations in Switzerland and Germany. Should this work lead to a decision by the Bank to sell its holding in Borgun, the sale would be conducted in an open and transparent process.

 Íslandsbanki owns a 63.5% stake in Borgun, which is classified as a subsidiary of the Bank. Borgun’s total operating income totalled ISK 4.7bn in 2015, and its profit for the year amounted to ISK 1.5bn. This is equivalent to about 10% of the Bank’s total operating income and just over 7% of its profit for that period.

Older news

Íslandsbanki issues EUR 300m bond and announces partial buyback of its 2020 EUR 500m bond

04.04.2019 - IR Releases
Íslandsbanki has today issued a EUR 300m 1.125% fixed rate senior unsecured bond for 3 years, at a spread of 130 basis points over mid-swaps.More

Annual General Meeting 2019 - agenda, candidates and proposals

The Annual General Meeting of Íslandsbanki hf. will be held on March 21, 2019 at the Bank's headquarters, Hagasmári 3, 201 Kópavogur at 15:00.More

Publication of 2018 Annual Report and Pillar 3 Report

13.02.2019 - IR Releases
Íslandsbanki has published an Annual Report and Pillar 3 Report for 2018. More

Annual Results 2018

13.02.2019 - IR Releases
The Bank and Íslandssjóðir turned in a good operating performance during the year, with a consolidated profit of ISK 10.6bn, while operational...More

Publication of 2018 year-end results

30.01.2019 - IR Releases
Close of business Wednesday, 13 February 2019More

Íslandsbanki to terminate credit rating contract with Fitch Ratings

30.01.2019 - IR Releases
Íslandsbanki informs that following expiration and by agreement of parties, the credit rating service contract between Fitch Ratings and Íslandsbanki...More

Ásmundur Tryggvason to direct Corporate and Investment Banking

Ásmundur Tryggvason has been engaged as director of Corporate and Investment Banking at Íslandsbanki. He replaces Vilhelm Már Þorsteinsson, who will...More