Acquisition Plans for Iceland’s Arion Bank Confirmed Iceland Review

The resolution of the old Kaupthing Bank, which has now been re-branded as Arion Bank, and Iceland’s Ministry of Finance released a joint statement yesterday confirming that Arion Bank will henceforth be in 87 percent ownership of claimants, most of whom are foreign.

The resolution of the old Kaupthing Bank, which has now been re-branded as Arion Bank, and Iceland’s Ministry of Finance released a joint statement yesterday confirming that Arion Bank will henceforth be in 87 percent ownership of claimants, most of whom are foreign.

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