Brief: Kvika Banki Announces Cost Efficiency Measures
04/06/2026 13:22
BRIEF-Kvika Banki Announces Cost Efficiency Measures June 4 (Reuters) - Kvika banki hf KVIKA.IC:
TODAY, 11 REDUNDANCIES TOOK PLACE
DECISION HAS ALSO BEEN MADE NOT TO FILL CERTAIN POSITIONS THAT HAVE BECOME VACANT AND WILL BECOME VACANT IN COMING MONTHS
REDUCTION OF 18 FULL-TIME EQUIVALENT POSITIONS DURING THE YEAR IS EXPECTED TO RESULT IN COST SAVINGS OF NEARLY ISK 400 MILLION ANNUALLY
ONE-OFF COSTS RELATING TO REDUNDANCIES AMOUNT TO JUST OVER ISK 100 MILLION
Source text: ID:nGNEJzCXM
Further company coverage: KVIKA.IC
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