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Landsbanki subsiduary Vestia sells assets - and Landsbanki invests.

August 23, 2010

After the collapse of the Icelandic economy Icelandicbank Landsbanki established the holding company Vestia, to own companies it controls due to restructuring. The largest of these is Icelandic; one of the worlds largest seafood companies. Vestia has now been sold to the newly established investment fund Framtak, owned by several Icelandic pension funds. At the same time Landsbanki invests in the fund.

Freeze assets of banks that financed the Icelandic banks an economist suggests.

May 11, 2010

Analysis of:Demand Compensation from Foreign Banks | www.mbl.is

In a newspaper article today Icelandic economist and ex-banker Mr. Ragnar Onundarson draws a parallel between the case of the Icelandic banking collapse and the Enron case. Onundarson suggests that prosecutors look into the case of the foreign banks that lent to the Icelandic banks; Glitnir, Kaupthing & Landsbanki, presumably knowing they would eventually fail, suggesting they were betting on government bailout and thus not acting in good faith.

Glitnir bank Financial Statements 2009

April 29, 2010

Analysis of:Glitnir bank Financial Statements 2009 | glitnirbank.com

Glitnir bank Financial Statements 2009 updates information given in the detailed review of assets and liabilities published on March 31st. Total assets are now estimated at ISK 808 bill., compared to earlier estimate of ISK 1.008 bill. The difference is mainly explained in the difference of valuation of the 95% share in Islandsbanki compared to the previously held bond. Estimated recovery on the loan portfolio is now upgraded to 46%, up from 37% earlier.

The Icelandic Banking Saga - Another Volcanic Eruption Brewing?

March 28, 2010

Since the Icelandic banking collapse restructuring has been developing and creditors now control two of the new banks; Arion(ex-Kaupthing) and Islandsbanki (ex-Glitnir), while NBI(ex-Landsbanki) is government owned. For all some challenges remain difficult to control, not least those involving loans to individuals and the seafood industry. Under the current circumstances political risk is not to be forgotten, as political tension on those issues, of potentially volcanic dimensions, builds up.

Developing Solutions for Fisheries Challenges

March 26, 2010

Analysis of:Bluefin tuna loses out simply because scarce fish make a profit | www.guardian.co.uk

Despite positive development of scientifically based fisheries management systems, more widely being applied, overfishing is still a common problem in world fisheries. This makes it necessary for investors to scrutinize investment targets to avoid losses due to reputation damage and bad publicity. The development is positive but there is still room for improvement, not least among the biggest fishing nations. Aquaculture is and will have to continue to be a part of the solution.

Aquaculture will have to help feed the world.

November 10, 2009

Analysis of:Can Aquaculture Feed the World | blueridgepress.com

Demand for seafood continues to grow with population growth and economies of developing countries grow. As most fish resources are already fully- or even over-utilised, aquaculture will have to grow to meet the increased demand.As pelagic fish increasingly is used for human consumption and fish oil is increasingly used by food and medicine industries alternative feed has to be developed.With development of sustainable management and production practices the future of aquaculture is promising.

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