Denmark I Estonia I Finland I Iceland I Latvia I Lithuania I Norway I Sweden
One banker says that the performance of Glitnir’s CDS this year relative to its local competitors – Kaupthing and Landsbanki – was a good barometer of the strength of its franchise as well as its management during the crisis that hit the Icelandic banking system in the first quarter of 2006. That performance also reflected the widespread belief that the bank previously known as Islandsbanki has a business model that is more conducive to sustainable profitability than its peers. And with net profits tripling in the first quarter of 2006 and return on equity...
