No disagreement exist between LBI and Jón Ásgeir Jóhannesson

In response to reports in the media of dealings between the Resolution Committee of Landsbanki Íslands hf. and Jón Ásgeir Jóhannesson, the Resolution Committee would like to make it clear that no disagreement exists with Jón Ásgeir Jóhannesson and/or Ingibjörg Stefanía Pálmadóttir concerning their previous commitments to the bank. In recent months, the parties have worked jointly on upgrading collateral already held by the bank. Mortgaging of the property Hverfisgata 8-10 was concluded in order to better guarantee repayment of loans connected to the parties.

The Chairman of the Resolution Committee of Landsbanki Íslands hf., Lárentsínus Kristjánsson states: "In the estimation of the Resolution Committee, we have been successful in improving the collateral provided to the bank by the above-mentioned parties. An agreement to this effect has been reached in successful discussions between the parties. The Resolution Committee now regards the commitments concerned to be more secure than before, which is a positive step towards maximising the value of the bank's assets to the advantage of its creditors."

Back to News Archive