Morgan Stanley: Kaupthing Bank the best investment Skip to content

Morgan Stanley: Kaupthing Bank the best investment

The financial advisor company Morgan Stanley has released a new estimation of Kaupthing Bank and concluded that it is the best bank in the Nordic countries in which to invest.

Morgan Stanley changed its former estimation of the bank’s worth by 20 percent in light of Kaupthing’s annual account settlement for 2006 and information from the directors of the bank, as Morgunbladid reports.

Jónas Sigurgeirsson, the managing director of the communicational department of Kaupthing, said this is a very pleasing conclusion for the bank.

According to Morgunbladid, Kaupthing’s profits last year was over ISK 85 billion (EUR 972 million, USD 1.3 billion), a 73 percent increase from 2005.

Click here to read more about the Icelandic banks.

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