Landsbanki Guernsey, the specialist offshore subsidiary of Landsbanki Islands has today announced an interest rate rise on its range of one to five year fixed rate bonds. The two and three year period bonds now have market-leading interest rates of 6.41% gross/AER.
The bonds are available to both individuals and corporate investors with interest paid either annually or at maturity, to suit their tax-planning needs. The new interest rates represent an increase of 0.3% on the previous levels.
Mark Sismey-Durrant, Director, Landsbanki Guernsey, comments: “Continuing to increase interest rates demonstrates our commitment to providing our customers with a competitive product, not just at launch but on an on-going basis.”
The bonds are available for deposit amounts from GBP10,000 to GBP2 million and those wishing to invest can either contact the Bank for an application pack or download one from the website at www.landsbanki.co.gg.
Landsbanki is a growing European bank with total assets of ISK 2,317 billion
(EUR 26.4 bn) at 31 March 2007 and a market capitalisation of ISK 383 billion
(EUR 4.4 bn) at 3 May 2007. Headquartered in Reykjavik, Iceland, Landsbanki
Islands hf. is traded on the OMX Nordic Exchange Iceland under the symbol
Building on its strong foundation in Iceland, Landsbanki has successfully extended its financial operations into new markets, focusing on serving mid-cap corporates in Europe. The bank's unique product line includes access to both debt and equity markets; its research department is among the most comprehensive in Europe, including some 90 analysts covering more than 800 European stocks locally. Landsbanki and its subsidiaries now operate in all major financial centres of Europe, and have North American representation in New York and Halifax. Through its extensive distribution network, Landsbanki has a strong platform to deliver targeted financial services based on local expertise.
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