Sparisjóðabanki Íslands hf.
Financial restructuring of Sparisjóðabanki Islands hf. (Icebank) continues.
Sparisjóðabanki Íslands hf. / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- In continuance of the discussions that have been taking place between Sparisjodabanki Islands (Icebank) and it´s largest creditors regarding financial restructuring of the bank, a special workgroup has been established with representatives of the Central bank of Iceland, the foreign creditors of the bank and the bank itself. The workgroup has since early February worked on a proposal regarding the financial reconstruction and the future organization of the bank. The Central bank of Iceland has granted the bank a postponement of the margin call until March 28th 2009 so that the workgroup can finish its work. A similar consent is being obtained from the foreign creditors. The Icelandic Financial Supervisory Authority has also granted the bank an one month extension to increase its capital base to the minimum provided for in the Act on Financial Undertakings, no. 161/2002. News Source: NASDAQ OMX 27.02.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Sparisjóðabanki Íslands hf. Iceland Phone: Fax: E-mail: Internet: ISIN: IS0000006310 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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