Iceland’s opposition Independence Party reportedly mortgaged its headquarters last month for a ISK 125 million (USD 1.07 million) payout from Islandsbanki. Read the full story

None of the biggest claimants to the estate of the bankrupt Glitnir Bank want to remain in 95 percent possession of its successor, Islandsbanki. The Bank’s resolution committee has therefore put Islandsbanki up for sale and has hired Swiss bank UBS as advisor for the sale. The reported sale price is ISK 100 billion (USD 776.7 million). Read the full story

Islandsbanki is proud to support the U.S. Geothermal Energy Association (GEA) and its Geothermal Energy Finance Forum 2010, which takes place on Thursday, January 14, 2010 in The Ritz-Carlton, Battery Park, New York City. Read the full story

The deadline expires today for Old Kaupthing Bank to decide whether it wants to take an 87 percent stake in Arion Bank (formerly New Kaupthing). If it decides to take Arion on, the Icelandic government would only be left as the majority shareholder in New Landsbanki. Read the full story

Announcement from Glitnir’s Resolution Committee, the Ministry of Finance and Íslandsbank: Read the full story

An agreement has been reached that will put Islandsbanki 95 percent in the hands of Glitnir’s foreign creditors. Morgunbladid reports that the decision will be presented at a press conference later today. The Icelandic state will retain a five percent stake in the bank and will have one representative on the board of directors, according to the paper. Read the full story

According to the third annual U.S. Geothermal Energy Market Report issued by Islandsbanki (formerly Glitnir), there are around 144 geothermal energy projects in development in the United States today. Read the full story

The Icelandic government and the Glitnir Bank resolution committee have come up with two options for the future of the company and its eventual re-privatisation. Creditors are being asked to vote for their preferred option before the end of the month. Read the full story

Further to the announcement of 20 July 2009 and following shareholder meetings of Islandsbanki and New Kaupthing today, the Government of Iceland is pleased to announce that it has committed to capitalise Islandsbanki and New Kaupthing on the basis of compensation agreements which are in the process of being finalised with the Resolution Committees of Glitnir and Kaupthing. Read the full story

The government introduced an agreement with the bank’s resolution committee at a press conference today which was held in the National Theatre in the capital city of Reykjavik. Bank obligees will discuss the new agreement but hopes are rather high that they will accept this agreement. Read the full story