Tag: banks

Economy

Indexed Loans Dominate Mortgage Market

As the payment burden of non-indexed loans continues to rise, households are increasingly moving towards indexed loans. Despite rising interest rates, the banks have not

Ragnar Tómas April 5, 2023

Society

Banks Raise Interest on Non-Indexed Loans

All three of Iceland’s commercial banks announced that they would be raising interest rates on Friday. RÚV reports that Arion Bank, Íslandsbanki, and Landsbankinn are

Larissa Kyzer February 18, 2023

Economy

Many Íslandsbanki Buyers Have Already Sold for Profit

Of the 207 investors who purchased shares in Íslandsbanki bank in a private share offering last month, 132 have already sold some or all of

Jelena Ćirić April 13, 2022

Economy

Calls on the Banks to “Lighten the Load” of Households

The Minister of Culture and Commerce has called on the banks to “lighten the load” of households faced with rising interest rates. The net profit

Ragnar Tómas February 11, 2022

Economy

Government to Sell State-Owned Íslandsbanki

Iceland’s government will likely sell one of three state-owned banks this coming spring. The bank in question is Íslandsbanki, though it is not clear what

Jelena Ćirić December 22, 2020

Economy

Record Real Estate Movement in May and June

Movement on Iceland’s real estate market broke records in May and June, increasing by around 50% compared to the same period last year. Banks also

Jelena Ćirić July 9, 2020

Economy

In Focus: Sale of State-Owned Banks

For years, Iceland’s government considered selling 25-50% of Íslandsbanki bank, currently fully owned by the State Treasury. Reducing state ownership of financial institutions was a turnaround in Iceland’s financial policy that had been in development for years. With memories of the banking collapse still strong in the minds of the public, many were opposed to […]

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Jelena Ćirić April 23, 2020

x News

Government to Sell Share in Íslandsbanki

Prime Minister Katrín Jakobsdóttir says that proceeding with the sale of part of the government’s share of Íslandsbanki is “sensible” provided that the proceeds go

Larissa Kyzer February 7, 2020

Economy

Samherji and Iceland Under Scrutiny

Prime Minister Katrín Jakobsdóttir is prepared to ensure any additional funding that may be needed to investigate Samherji’s operations in Namibia. Icelandic banks also report

Jelena Ćirić November 19, 2019

Economy

Two Icelandic Banks Laid Off 120 Employees Today

The layoffs of 100 staff members take effect today at Arionbanki bank, while at Íslandsbanki 20 employees were laid off. Both banks state the dismissals

Jelena Ćirić September 26, 2019