First-quarter results from Iceland’s three leading banks in the past week suggest that the Icelandic banking storm of 2008 may finally be blowing itself out and that, by most internationally accepted measures, Iceland’s banks are more operationally sound and well-capitalised than their reputations might indicate. Core earnings, meaning net interest income and fee and commission income, rose across the board – up 27% at Landsbanki and 12.6% at Glitnir, while net interest income rose 31% at Kaupthing.

This entry was posted by Gwen Robinson on Monday, May 12th, 2008 at 5:29 and is filed under Capital markets. Tagged with Glitnir, kaupthing, landsbanki. Edit this entry.