Brief: Íslandsbanki To Commence Preliminary Discussions With Kvika Banki

Islandsbanki hf

10/02/2023 06:50

Feb 10 (Reuters) - Íslandsbanki hf  ISB.IC :
    * SAID ON THURSDAY, ÍSLANDSBANKI TO COMMENCE PRELIMINARY
DISCUSSIONS WITH KVIKA BANKI
    * SUCCESSFUL COMBINATION WOULD INCREASE ÍSLANDSBANKI'S
BALANCE
SHEET BY CLOSE TO 20%, KVIKA'S INSURANCE OPERATIONS WOULD
DIVERSIFY THE BANK'S INCOME BASE
    * COMBINATION IS SUBJECT TO APPROVAL OF RELEVANT SUPERVISORY
AUTHORITIES, SHAREHOLDERS OF BOTH CO'S

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDLbCMYpQ
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