Islandsbanki hf. : Transfer of ownership approved

11.03.2016 - IR Releases

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.

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