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Strong six months for Kaupthing Bank

Tuesday, 7 August 2007 15:38

Kaupthing Bank, the parent company of Kaupthing Singer & Friedlander (Isle of Man), has posted strong results for the first six months of the year.

Net earnings for the period were 533 million Euros (£360 million), whilst total assets climbed by 23.3 per cent to 54.3 billion Euros (£36.6 billion) and shareholders’ net earnings increased by 43.8 per cent.

Kaupthing Singer & Friedlander (Isle of Man) Managing Director Aidan Doherty said: ‘This is a particularly robust performance from Kaupthing and we are delighted to have played our part.’

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