Glitnir in merger talks with Icelandic savings bank Byr

glitnir-logo1Glitnir, the Nordic Bank announced today that it has entered into merger talks with the Byr Savings Bank in Iceland.

A statement from Glitnir said: “Glitnir Bank and Byr Savings Bank announced today that they have initiated discussions on the possible merger of the two companies. This entails that the boards of both companies will not enter any dialogue with other parties while negotiations take place. The results of the negotiations will be made official as soon as they have been concluded.”

Nordic bank Glitnir has its headquarters in Reykjavik, Iceland. The Bank has extensive operations in ten countries. It counts Iceland and Norway as its home markets, where it offers a full range of financial services; including corporate banking, investment banking, capital markets, investment management and retail banking. For more information, visit www.glitnirbank.com