Business magazine, Free Trade (Frjáls Verslun, Iceland Review sister publication), has selected KB Bank CEO Hreidar Má Sigurdsson and Chairman Sigurdur Einarsson the Men of the Year in the Icelandic business community. According to Free Trade, they have shown extraordinary skill in operating and expanding the bank. Free Trade says that they have demonstrated great industriousness and successful entrepreneurship in expanding the Icelandic banking service abroad and developing the financial market.
According to Free Trade, it is difficult to find the appropriate adjective to describe the expansion of KB- Bank – so great has the expansion been.
From the year 1996, when Sigurdur took the helm, the bank’s balance sheet has grown a thousandfold and shareholders equity by a factor of 365. KB-bank is one of the largest banks in the Nordic region. It’s goal is to become one of the 50 largest banks in the world.