Ingvar Vilhjalmsson, the former director of the market trade division at Iceland’s (now bankrupt) Kaupthing Bank, now needs to repay the bank’s estate around ISK 2.6 billion (EUR 16.36 million) in loans which had effectively been written off.
Tag Archive | "loan"
Iceland court forces Kaupthing debt prince to pay back billions
Posted on 03 November 2011.
Posted in Business, Featured, General, Iceland, MBL, SocietyComments (2)
Third Review of Iceland’s Economic Recovery Programme approved by IMF Executive Board
Posted on 30 September 2010.
The Executive Board of the International Monetary Fund (IMF) today approved the third review of the Economic Recovery Programme agreed by the IMF and the Icelandic government. This opens the way for disbursement of the third tranche of the Fund’s loan provided to the Icelandic government which amounts to around ISK 19 billion. In addition, [...]
Posted in Featured, General, Iceland, International, MBL, PoliticsComments (0)
Icelandic government hopes to tackle foreign currency car loan woes
Posted on 20 April 2010.
The Icelandic government will today discuss draft proposals on contracts with car leasing companies to help those struggling to pay off car loans denominated in foreign currencies which have increased proportionately with the depreciation of the Icelandic krona.
Posted in Featured, General, Iceland, MBL, Politics, Society, TravelComments (3)
IMF schedules second review of Iceland’s economic programme
Posted on 09 April 2010.
Ministry of Finance press release: Agreement has been reached on a letter of intent for the second review under Iceland’s Stand-By Arrangement with the IMF. The review is tentatively scheduled to be discussed by the IMF’s Executive Board on April 16.
Posted in Featured, General, Iceland, Icelandic PM´s office, International, MBL, PoliticsComments (4)
Is Icesave affair as important as it seems?
Posted on 25 January 2010.
Payments and interest on Icelandic national debts over the next 14 years will be around ISK 2,260 billion, of which the Icesave debt amounts to around ISK 289 billion – which is a smaller amount than the Central Bank of Iceland loaned Kaupthing without security shortly before the banking crash.
Posted in Iceland, International, MBL, PoliticsComments (23)
Iceland to take up offered loan from Scandinavia
Posted on 26 November 2009.
Mar Gudmundsson, Chairman of the Central Bank of Iceland has confirmed that a portion of the promised loan to Iceland from the Scandinavian countries will be requested before the beginning of December and will hopefully be received before Christmas.
Posted in Business, Iceland, MBL, Politics, ScandinaviaComments (1)
Glitnir loaned children money to buy shares
Posted on 03 November 2009.
Margret Maria Sigurdardottir, Iceland’s children’s ombudsman says she is speechless that Glitnir Bank loaned millions of kronur to children to buy shares in Byr Savings Bank. She says the guilt lays both with Glitnir and the parents for indebting their own children.
Posted in Business, Iceland, MBL, SocietyComments (42)
IMF says yes in Iceland loan review
Posted on 28 October 2009.
The long awaited review of the IMF loan to Iceland took place today and the next tranche of funds was agreed upon.
Posted in Iceland, International, MBL, Politics, SocietyComments (12)
