Iceland’s Kaupthing increases profits by 8 percent Skip to content

Iceland’s Kaupthing increases profits by 8 percent

By Iceland Review

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 reports.

Sigurdsson said revenues from interests and remuneration had increased considerably and that the bank’s operations in the UK were successful.

Sign up for our weekly newsletter

Get news from Iceland, photos, and in-depth stories delivered to your inbox every week!

* indicates required

Subscribe to Iceland Review

In-depth stories and high-quality photography showcasing life in Iceland!