A new Board of Directors has been appointed for Íslandsbanki. Six members out of the seven are appointed by ISB Holding ehf. owned by Glitnir banki hf. which holds a 95% share in the bank. The Icelandic State Banking Agency (ISBA) appoints one member based on nominations from a selection committee.

Glitnir Bank’s Resolution Committee, on behalf of its creditors, decided on 15 October 2009 to acquire a 95% share in Íslandsbanki with the Icelandic government holding the remaining 5% of shares. The new Members of the Board all have comprehensive experience in business, financial markets and management. Á íslensku hér.

The Resolution Committee (“RC”) and Winding-Up Board (“WuB”) of Glitnir banki hf (“Glitnir”) wish to invite creditors who have an interest in participating on the Informal Creditors Committee of Glitnir (“ICC”) to do so by Friday 29th January 2010.

Ownership of Glitnir’s subsidiaries in finance and insurance has now been moved to the holding company GLB Holding.  The company is wholly owned by Glitnir Bank. This new organizational structure is in line with the requirements set by the Icelandic Financial Supervisory Authority (FME), which on 30 December last year granted ISB Holding authorisation to take over 95% shareholding  in Íslandsbanki.  The approval of the Icelandic Competition Authority had previously been given.  Á íslensku