Glitnir - the third largest equity broker in the Nordic Capital
Market in first 6 month of
Reykjavik/Oslo/Stockholm/Helsinki - 24 July 2007 - Glitnir was the third largest equity broker in the Nordic Capital Market (OMX + Oslo Stock Exchange) in the first six months of 2007 in terms of market turnover*. Glitnir and FIM's combined market share YTD 2007 was 24.4% in Iceland, 6.1% in Finland, 6.1% in Sweden, 5.8% in Norway, 3.2% in Denmark, 6.3% for OMX and 6.2% for the Nordics (OMX+Oslo). In June Glitnir/FIM was the second largest broker in the Nordics with a market share of 6.4%.
"Through strong growth in recent years Glitnir has established itself as one of the largest Nordic brokerage houses. We have increased our market share since Q1 in a market that continues to see turnover records. The strong position in brokerage supports our position as a leading financial service provider in the Nordics", says Lárus Welding, CEO, Glitnir.
Glitnir Market share June YTD Nordics 6.37% 6.16% OMX 6.44% 6.26% Stockholm 7.00% 6.13% Helsinki 5.42% 6.12% Oslo 6.10% 5.81% Reykjavik 23.06% 24.43% Copenhagen 3.27% 3.23%
Largest brokers Nordics YTD June YTD 1 Skandinaviska Enskilda Banken AB 7.08% 7.11% 2 Morgan Stanley & Co. International Ltd 6.13% 6.36% 3 Glitnir/FIM 6.37% 6.16% 4 Merrill Lynch International 4.30% 4.42% 5 Carnegie Investment Bank AB 4.49% 4.38% 6 Lehman Brothers International 4.11% 4.19% 7 Svenska Handelsbanken AB 3.78% 3.85% 8 Goldman Sachs International 3.56% 3.61% 9 UBS Limited 3.40% 3.52% 10 Danske Bank A/S 3.75% 3.47%
"Glitnir has built a strong position in the equity markets in the Nordics. An important element of our strategy is to deliver top quality research to investors. We are doing research on 220 listed companies in Iceland, Norway, Sweden, Finland and Russia and we are steadily growing our research team in the Nordics in order to maintain and further strengthen our position", says Almar Gudmundsson, Glitnir, Head of Nordic Research"
About Glitnir The financial group Glitnir offers universal banking and financial services. Glitnir is a leading niche player in three global industry segments; seafood/food, sustainable energy, and offshore services vessels. Services include retail, corporate and investment banking, stock trade/brokerage and capital management. Glitnir considers Iceland and Norway its home markets. The Glitnir group has operations in Iceland, Norway, Sweden, Denmark, Finland, the UK, Luxembourg, Russia, Canada and China and plans to open a US office in New York in the fall of 2007. Glitnir is listed on the Icelandic Stock Exchange. For more information: www.glitnirbank.com
For more information: Frank O. Reite, Executive Vice President, Nordic & Markets, mobile +47 915 80 604 Almar Gudmundsson, Glitnir, Head of Nordic Research, mobile +354 844 4944, e-mail: firstname.lastname@example.org Bjørn Richard Johansen, Managing Director, Corporate Communication, Glitnir, e-mail: email@example.com, mobile +47 47 800 100
For more photos: firstname.lastname@example.org *Based on statistics published by OMX and Oslo Børs
Please note: Presentation of Glitnir Bank's Second Quarter Results Glitnir will host the following presentations and webcasts in relation to the publication of its second quarter results for 2007. An English version of the presentation will be available on www.glitnirbank.com as of its publishing midday on 31 July.
Presentation in Reykjavík, Iceland Lárus Welding, CEO, will present Glitnir's second quarter results for 2007 to shareholders and market participants on Tuesday, 31 July, at 1.30 p.m. at Nordica Hotel, room H, in Reykjavík.
Presentation and web cast in London, UK Lárus Welding, CEO, will present Glitnir's second quarter results for 2007 to shareholders and market participants on Wednesday, 1 August, at 11 a.m. at The Great Eastern Hotel, Liverpool Street, EC2M 7QN, London. Lunch will be offered after the presentation.
A live broadcast of the meeting can be accessed on Glitnir's web: www.glitnirbank.com, where questions can be sent to the meeting via the web cast. You can also participate with questions by telephone by dialling +44 (0) 208 817 9301.
Attendance should register with Vala Pálsdóttir, Head of Investor Relations, by e-mail at email@example.com or by calling +354 440 4989.
Media interviews bookings To book media interviews, please contact Bjørn Richard Johansen, Managing Director, Corporate Communication, by sending an e-mail message to firstname.lastname@example.org or by calling mobile +47 47 800 100.