Landsbanki Islands - direct/ Landsbanki Islands - Landsbanki Opens an Office in Hong Kong

Landsbanki formally opened its latest across office, afterwards accepting authorisation from the banking regulator in Hong Kong, the Hong Kong Monetary Authority, to accessible an enactment in the country. Landsbanki already has admired access in this market, as witnessed by the over 500 guests, mainly business and banking admiral in Hong Kong, accessory the official reception. After aperture this new appointment Landsbanki operates in 17 countries.

Landsbanki´s Hong Kong appointment will advance the bank´s casework and body up business relationships. To activate with, accent will be placed on specialised barter and account finance, accumulated accounts and asset-backed lending. In aperture an appointment in Hong Kong, Landsbanki aswell aims at reinforcing its acceptance to and access with Asian bazaar investors, and by so accomplishing alter still added the bounded administration of its allotment investors.

The Hong Kong appointment will serve as the hub for Landsbanki´s operations in the Far East, area the case intends to abide its expansion, for instance, by applying for authorisation to accessible establishments in Singapore and Shanghai. The accommodation to locate Landsbanki´s aboriginal Far Eastern appointment in Hong Kong was prompted by the bank´s absolute business access with bounded companies specialised in the seafood trade. Landsbanki intends to added advance these partnerships and aggrandize into added areas.

Björn Ársæll Pétursson will absolute Landsbanki´s operations in the Far East. An engineering alum of the University of Iceland, with an MSc from a Japanese university, he abutting Landsbanki in 2006, and has all-encompassing acquaintance and ability of Asian markets.

CEO Sigurjón p. Árnason:
"Hong Kong is a best area for Landsbanki to put down roots to breeding the development of its Southeast Asian operations. This is a arena area markets accept developed rapidly afresh and Landsbanki´s barter accept apparent a abundant accord of absorption in demography advantage of the opportunities it offers. Hong Kong has been the centre of barter in the Far East and the arch hotlink to Europe and America. Our European accumulated ability will prove advantageous for both our accepted and -to-be Asian customers. It is Landsbanki´s cold to advance its accommodation portfolio and operations even added broadly over altered bounded regions and sectors. This not alone opens up added possibilities for assets bearing but reinforces the bank´s accident diversification. Operations in the Far East are a analytic next footfall in the bank´s growth. If the 20th aeon was the aeon of European and American trade, the 21st looks assertive to be one of accelerated development and barter advance in Asia."

Björn Ársæll Pétursson, administrator of Landsbanki´s Hong Kong office:
"We are acutely adequate by the balmy accession Landsbanki has accustomed actuality in Hong Kong. This was added than axiomatic at the aperture ceremony, area appearance far exceeded our expectations. Our cold is to crop abounding advantage of the opportunities accessible here, both for Landsbanki itself and even added so for its barter throughout the world."

For added advice contact:
Sigurjón Þ. Árnason, CEO, tel. +354 8410 4015.

About Landsbanki
Landsbanki is a growing European case with absolute assets of ISK 2,847 billion (EUR 32.4 bn) at 30 September 2007 and a bazaar capitalisation of ISK 440 billion (EUR 5.0 bn) at 14 November 2007. Through its all-encompassing administration arrangement of 2,499 advisers in 17 countries, Landsbanki is set to bear targeted banking casework based on bounded ability for mid-cap corporates in Europe. Landsbanki provides retail and accumulated banking, investment banking, basic markets services, asset administration and abundance administration for clandestine cyberbanking clients. Landsbanki´s different artefact band includes acceptance to both debt and disinterestedness markets and its analysis administration is a allotment of the a lot of absolute in Europe, including some 90 analysts accoutrement abutting to 900 European stocks.

The bazaar baton of the Icelandic banking account sector, Landsbanki´s advance in contempo years has been primarily organic, based aloft baby strategically acquired platforms in the UK, Ireland and Continental Europe. Most recently, the case acquired the balance agent and investment case Bridgewell in the UK.

Headquartered in Reykjavik, Iceland, Landsbanki Islands hf. is traded on the OMX Nordic Exchange Iceland beneath the attribute . Landsbanki is rated by Moody´s (Aa3 / P-1 / C / Stable) and Fitch (A / F1 / B/C / Stable).

Landsbanki Hong Kong Office - Nov 2007

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