Investment bank’s Kaupthing’s revenues before taxes were ISK 20.3 billion (USD 315.4 million, EUR 230.9 million) in the first three months of 2007, but ISK 18.8 billion (USD 292.1 million, EUR 213.8 million) during the same period last year; a 7.9 percent increase.
Kaupthing CEO Hreidar Már Sigurdsson said the year had begun well at the bank and that all larger branches had delivered good results, as mbl.is reports.
Sigurdsson said revenues from interests and remuneration had increased considerably and that the bank’s operations in the UK were successful.
