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.
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