Islandsbanki hf. : 95% stake delivered to the Central Bank of Iceland and the Icelandic Government
Glitnir has signed an agreement to deliver the estate's stability contribution to the Central Bank of Iceland and the Icelandic Government. A portion of the stability contribution is Glitnir's 95% stake in Íslandsbanki. The Government previously owned a 5% share in Íslandsbanki; therefore, the Bank will now be wholly State-owned. This change is subject to the approval of the Competition Authority, and the transfer of ownership will not take place until such approval has been obtained.
As has been stated previously, 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 changes as a result of the transaction.