Hitt og þetta 25. apríl 2006

(IFN) Kaupthing?s profits to rise by 50% 1Q

Reykjavik (IFN) Iceland's Kaupthing Bank is expected to report a 1Q net profit of ISK16.64B on Thursday, or up by 50%, from ISK11.09B in 1Q in 2005, according to a forecast by rival Landsbanki Islands.

Landsbanki said it expects profits to be boosted by continued high trading gains and a substantial rise in commission income. Net interest income is expected to come in at ISK10.77B, up from ISK7.05B in 1Q 2005.


Icelandic Financial News (IFN) is available on Factiva, a joint venture between Reuters and Dow Jones Newswires, FT.COM, LexisNexis, Comtex, Gale and Thomson via the Nordic Business Report.