|
Tuesday, 03 November 2009 19:02 |
 The loans which 10 children were issued from Glitnir to purchase shares in the initial capitalization funds auction of BYR roughly two years ago are in total 180 million króna. The children got interest payments for 86 million króna which were taken directly to pay up the loans which are thought to be illegal.
According to the information from Islandsbanki were 10 loans issued for children who were not of legal age for the initial capitalization auction of Byr in December of 2007. The youngest child was at that time 1 year old and the oldest 17 years old.
|
|
|
Thursday, 29 October 2009 12:11 |
 There are examples of that Glitnir has issued children very large loans to purchase in the initial capitalization of Byr savings fund. A twelve year old child was issued a loan for six million króna. Tens of capitalization owners of the bank are preparing lawsuits on Islandsbanki because of these loans.
This was published in the trades newspaper today. Glitnir financed 30 billion króna capitalization increase of Byr during the fall of 2007. In the paper says that Islandsbanki has taken over the loans after Glitnir collapsed and so is the preparation of the lawsuit turned towards Islandsbanki. |
|
Monday, 28 September 2009 06:00 |
 According to the balance sheet of Islandsbanki which will be published today, are the total assets of the bank 629 billion króna. That is close to 30 percent less than the temporary balance sheets of the bank, which was published on the website of the FSA on November 14th last year expected.
According to that were the assets of Islandsbanki expected to be 885 billion króna. This difference is explained by the final decision regarding the transfer of assets was decided to take over fewer loans than earlier expectations. |
|
Monday, 28 September 2009 05:45 |
Islandsbanki intends to offer its clients to change their currency insured loans into non-indexed loans in króna compared to 25% reduction of the capital amount. Then the banks clients who have the traditional indexed loans be offered to change their loans into non-indexed loans compared to a 10% reduction of the capital amount.
This is confirmed by Birna Einarsdottir, bank governor of Islandsbanki, with Morgunbladid yesterday. Birna says that the bank is also going to offer all of the solutions the government have been working on because of the debts of the homes.
|
|
Sunday, 13 September 2009 16:39 |
|
 Islandsbanki, liquidating committee of Glitnir on the behalf of the claim owners and the Icelandic government have signed contracts regarding the break between the old and new bank and the refinancing of Islandsbanki.
According to the information from Islandsbanki are the contracts built on a frame contract which was introduced on July 20th and includes the liquidating committee of Glitnir, on the behalf of the claim owners have a chance to come to own 95% of the shares in Islandsbanki before September 30th this year, or be paid in the form of a bond, issued by Islandsbanki and the purchase right of all up to 90% of the shares in the bank between 2011-2015.
|
|
Tuesday, 02 June 2009 10:37 |
 The FSA has decided to put a 4 million króna fine on Glitnir for violations of the stock exchange law. The case is about planned share purchase of Birna Einarsdottir current bank governor of Islandsbanki which never took place.
Glitnir announced the Iceland stock exchange on March 2007 about the share purchase of Birna of the bank, in total 7 million shares for 184,8 million króna. The bank intended to issue a loan for the purchase with the shares as an insurance.
|
|
Sunday, 26 April 2009 07:17 |
 Bjarni Armannsson bought an apartment and a painting from Glitnir after his employment termination. Bjarni offered the bank after it collapsed to buy the apartment and the painting back for the same price he paid. It is not the policy of the new Glitnir to buy paintings and turned down Bjarni´s offer. |
|
Monday, 23 March 2009 08:17 |
|
 Moderna Finance has sold a subsidiary in Luxembourg, Banque Invik, to Scribona Nordic. The liquidating committee of Glitnir took over Moderna Finance earlier this month but the company was formerly owned by Milestone, a company owned by Karl and Steingrimur Wenerssons. The announcement says that the sale of Bankque Invik is depending on the FSA of Luxembourg approves the sale. The aim is for finalizing the sale in the second quarter of the year.
|
|
Tuesday, 10 March 2009 17:38 |
Islandsbanki has made comments to the statements of the representatives of Baugur Group in relations of the request of the company to prolong the moratorium and say that it is not correct that the banks had in the pleading at the district court partially covered the fund that was supposed to be founded according to the so called project sunrise project. That fund was never discussed at the district court. The statement is as here says:
|
|
Friday, 20 February 2009 13:42 |
 Islandsbanki is the new name is New Glitnir from yesterday. The name change was formally introduced at a press conference in the headquarters of Islandsbanki at Kriskjusandur yesterday. The possible name change was announced in December last year. |
|
Wednesday, 11 February 2009 06:30 |
 Since the pension fund of the employees of Glitnir is not insured anymore has the Financial Supervisory Administration decided to revoke their license to operate. In the law about pension funds there have to be at least 800 persons that pay into the fund, but only 600 are paying into this one. It was approved by law while the fund was insured, says Fridbert Traustason, manager of the Association of financial company employees. |
|
|
|
|
|
