Landsbanki, Kaupthing post Q2 results as profits decline

  • 01 Aug 2008

Iceland’s two largest banks, Landsbanki and Kaupthing, posted second quarter results this week. Although profits fell on the back of growing expansion costs overseas and an increase in bad loans, their numbers were better than analysts had expected.

On Tuesday Landsbanki announced second quarter profits of Ikr12bn (Eu101m) after ...

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