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| Total assets of Islandsbanki 629 billion króna |
| 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. According to the sources of Morgunbladid were amongst other loans who were related to foreign operations in some ways and then large loans that included much to great risk for the new bank. Of total assets of the bank are 477 billion króna in loans. Funds and balances in the central bank of Iceland are close to 54 billion króna. Investments in subsidiaries are in total roughly 11 billion króna. Loans for other financial companies are around 8,4 billion króna. Around 32% of the loans from the bank are to individuals, 16% to fisheries, 14% to real estate companies, 11% to investment companies and 27% to other fields.
News Article by Magnus Halldorsson Translated by Anya Original Article in Icelandic
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