Glitnir: Difference between revisions
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{{Infobox company |
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| name = Glitnir Banki hf. |
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| logo = Glitnir.svg |
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| logo_size = 200px |
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| type = [[Private company|Private]] |
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| fate = Government custodianship, moratorium on payments |
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| successor = [[Nyi Glitnir]] (Icelandic business only) |
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| foundation = [[Reykjavik]], [[Iceland]] (traces history to 1904) |
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| location = [[Reykjavik]], [[Iceland]] |
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| key_people = Porsteinn Mar Baldvinsson <small>([[chairman (official)|Chairman]] of the [[board of directors|board]])</small>, Larus Welding <small>([[chief executive officer|CEO]])</small> |
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| industry = [[Bank]]ing |
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| net_income = {{profit}} [[Icelandic króna|ISK]] 27,651 million <small>(2007) |
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| assets = ISK 2,948 [[1000000000 (number)|billion]] <small>(2007) |
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| num_employees = 1,980 <small>(2007) |
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| homepage = www.glitnir.is |
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}} |
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'''Glitnir''' was an international [[Iceland]]ic [[bank]]. It was created by the state-directed merger of the country's three privately held banks - ''Alþyoubanki'' (Union Bank), ''Verzlunarbanki'' (Bank of Commerce) and ''Ionaoarbanki'' (Industrial Bank) - and one failing publicly held bank - ''Utvegsbanki'' (Fisheries Bank) - to form ''Islandsbanki'' in 1990. At the time, ''Islandsbanki'' was the only major privately held commercial bank in Iceland. It was publicly listed on the [[Iceland Stock Exchange]], in 1993. ''Islandsbanki'' subsequently merged with FBA Icelandic Investment Bank in 2000. |
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On 20 February 2009, in light of the Icelandic financial crisis, the bank’s name was changed back to the original [[Islandsbanki]]. |
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By 15 October 2009, it was decided that 95% of the new [[Islandsbanki]] would be taken over by the creditors of Old Glitnir, while the government of [[Iceland]] would retain ownership of the remaining 5%. |
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{{Short description|Hall of Forseti in Norse mythology}} |
{{Short description|Hall of Forseti in Norse mythology}} |
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{{About|Glitnir in Norse Mythology|the Icelandic bank|Glitnir (bank)}} |
{{About|Glitnir in Norse Mythology|the Icelandic bank|Glitnir (bank)}} |
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Revision as of 08:45, 16 October 2021
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| Company type | Private |
|---|---|
| Industry | Banking |
| Founded | Reykjavik, Iceland (traces history to 1904) |
| Fate | Government custodianship, moratorium on payments |
| Successor | Nyi Glitnir (Icelandic business only) |
| Headquarters | Reykjavik, Iceland |
Key people | Porsteinn Mar Baldvinsson (Chairman of the board), Larus Welding (CEO) |
 ISK 27,651 million (2007) | |
| Total assets | ISK 2,948 billion (2007) |
Number of employees | 1,980 (2007) |
| Website | www.glitnir.is |
Glitnir was an international Icelandic bank. It was created by the state-directed merger of the country's three privately held banks - Alþyoubanki (Union Bank), Verzlunarbanki (Bank of Commerce) and Ionaoarbanki (Industrial Bank) - and one failing publicly held bank - Utvegsbanki (Fisheries Bank) - to form Islandsbanki in 1990. At the time, Islandsbanki was the only major privately held commercial bank in Iceland. It was publicly listed on the Iceland Stock Exchange, in 1993. Islandsbanki subsequently merged with FBA Icelandic Investment Bank in 2000.
On 20 February 2009, in light of the Icelandic financial crisis, the bank’s name was changed back to the original Islandsbanki.
By 15 October 2009, it was decided that 95% of the new Islandsbanki would be taken over by the creditors of Old Glitnir, while the government of Iceland would retain ownership of the remaining 5%.
Glitnir (meaning "one who shines")[1] is the hall of Forseti, the Norse god of law and justice, and the seat of justice amongst gods and men. It is also noted to have been a place of dwelling for Balder, Forseti's father in Norse and Germanic mythologies. Glitnir is symbolic of the importance of discussion rather than violence as a means of resolution of conflict within the Norse tradition. It has pillars of gold and is roofed with silver.[2]
References
- ^ Guðrún Kvaran. "Hvað merkir orðið Glitnir og hvaðan er það upprunnið?". Vísindavefurinn (in Icelandic). Retrieved 2020-03-27.
- ^ "Grimm's TM - Chap. 11". Northvegr. Archived from the original on 2008-05-17. Retrieved 2018-05-24.
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