New Landsbanki Takes Over Domestic Operations of Landsbanki Islans hf.
The FME has now decided to transfer a part of Landsbanki´s operations to a new bank that has been formed and is fully owned by the Icelandic Government. The decision ensures continued banking operations for Icelandic families and businesses.
The decision means, inter alia, that the new bank takes over all the bank´s deposits in Iceland, and also the bulk of the bank´s assets that relate to its Icelandic operations, such as loans and other claims.
Sigríður Elín Sigfúsdóttir has been appointed as Chief Executive of the new bank. The new bank´s formal name will be New Landsbanki Íslands hf.
Sources: www.fme.is