Landsbanki expands the mix

Once a small real estate bank, Landsbanki is now trying to build business in new areas such as corporate finance. But concerns about the size of its equity holdings persist

“We have an active central
risk control and apply a
systematic stress test to all
the market risks that the
bank takes on.”
Halldor Kristjansson




Landsbanki made one of the two Icelandic assaults on the UK banking market in 2005 – the other being Kaupthing’s acquisition of Singer & Friedlander – with the acquisition of merchant bank Teather & Greenwood in February. Landsbanki has already embarked on an ambitious strategy of growing Teather & Greenwood’s business, using the expertise it has developed from serving the Icelandic corporate market.

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