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Landsbankinn sells 9.2% shareholding in Eyrir Invest

Landsbankinn hf. has sold a 9.2% shareholding in Eyrir Invest hf. in an open sale process. The deadline to submit offers expired at 12 noon on Wednesday 28 November.

Landsbankinn advertised the open sale process of up to 12.1% of its shareholding in investment company Eyrir Invest hf. on 6 November 2018. Prior to the sale process, the Bank held 22% of shares in the company. The sale process was conducted in accordance with Landsbankinn's policy on sale of assets and was open to all potential buyers who are considered eligible investors as defined by Point 9 of Article 43 of Act No. 108/2007, on Securities Transactions. The minimum offer price in the sale process was ISK 41.90 per share in Eyrir Invest.

Landsbankinn accepted four out of five offers for a total of 91,509,035 shares in Eyrir Invest. All shares were sold at the same rate of ISK 42.845 per share. The offer that did not meet the reference rate was rejected. The selling price of the shareholding amounts to ISK 3.9 billion.

News and Notifications - 17 December 2018 02:30 PM

Customers able to change limit on credit cards in online banking and the Landsbankinn app

Landsbankinn’s customers can now adjust the withdrawal limit on their credit cards in the Landsbankinn app and online banking for individuals. The extent by which the limit can be raised is determined by a credit framework that automatically calculates credit authorisations.


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Vikubyrjun/Weekly bulletin - 17 December 2018 10:09 AM

Icelandic Economic Weekly: Monday 17 December 2018

The Monetary Policy Committee held policy rates unchanged, in line with our expectations. Preliminary estimates for 2017 show that the GDP per capita in Iceland was 30% above the EU28 average.


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Vikubyrjun/Weekly bulletin - 10 December 2018 09:52 AM

Icelandic Economic Weekly: Monday 10 December 2018

Statistics Iceland released national accounts for Q3. The CBI released the current account for Q3. The government has decided to present a bill to parliament proposing the liberalisation of capital controls on off-shore króna holders. Icelandair released traffic data for November. Fitch affirmed Iceland at A with a stable outlook.


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