Straumur-Burðarás Fjárfestingabanki hf.
– The Icelandic Financial Supervisory Authority’s decision on the disposal of deposits with Straumur
Straumur-Burðarás Fjárfestingabanki 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. ---------------------------------------------------------------------- The Icelandic Financial Supervisory Authority (FME) has decided on the disposal of deposits with Straumur Burdaras Investment Bank hf. (Straumur) with respect to deposits in the bank's Reykjavík Office. The Deposits will be allocated to Íslandsbanki hf. according to the balance and interest earned on the date of the takeover, which will be 20 March 2009, subject to certain limitations specified in the FME's decision. Terms for the deposits in question regarding duration, interest terms, currency, et cetera will remain unchanged with Íslandsbanki hf. According to the FME's decision Straumur will issue a bond as a repayment for the deposit obligations taken over by Íslandsbanki hf. According to the FME all assets of Straumur will be put as a collateral for the bond. Information on the FME's decision can be found on its website: http://www.fme.is/?PageID=581&NewsID=402 News Source: NASDAQ OMX 18.03.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Straumur-Burðarás Fjárfestingabanki hf. Iceland Phone: Fax: E-mail: Internet: ISIN: IS0000000644 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found