Releases - FIM

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FIM group’s new business names have been registered on 3 November 2008

11/3/2008 2:34 AM EST
FIM Corporation Press Release 3.11.2008

FIM group’s new business names have been registered on 3 November 2008

The names of companies belonging to the FIM investment services group have been registered in the Trade Register on 3 November 2008.
The new business names are:

FIM Corporation (formerly Glitnir Corporation)
FIM Bank Ltd (formerly Glitnir Bank Ltd)
FIM Asset Management Ltd (formerly Glitnir...

FIM is now Glitnir

10/12/2007 1:00 AM EST
FIM Group’s parent company FIM Group Corporation’s name has been changed to Glitnir Corporation. Simultaneously, the companies representing FIM Group’s business units were renamed. FIM Asset Management Ltd’s new name is Glitnir Asset Management Ltd, and FIM Corporate Finance Ltd is Glitnir Alternative Investments Ltd.

FIM Securities Ltd changed its name to Glitnir Bank Ltd already on 21 August 2007 when The...

Glitnir Bank starts its operations in the beginning of October

8/23/2007 3:00 AM EST
FIM Group Corporation Press release 23 Aug 2007

Glitnir Bank starts its operations in the beginning of October

The FIM Group Corporation expands its services to cover banking as well. Glitnir Bank Ltd, which is part of the FIM Group, starts its operations on the 1st of October 2007.

The Finnish Financial Supervision Authority has granted FIM Securities Ltd, which belongs to the FIM Group, on the 21st of...

Teri Heilala appointed Head of FIM’s retail banking operations

8/23/2007 3:00 AM EST
FIM Group Corporation Press release 23 Aug 2007

Teri Heilala appointed Head of FIM’s retail banking operations

Teri Heilala, M.Sc. (Econ.), CEFA, has been appointed Head of Retail Banking and member of the Management Board of FIM Group Corporation, effective as of August 2007.

Teri Heilala has been developing FIM’s banking operations since May 2007 when he joined the company. Prior to FIM, Teri Heilala...

GLITNIR BANKI HOLDS 100% OF FIM

8/17/2007 11:16 AM EST
FIM GROUP CORPORATION Stock Exchange Release 17 August 2007

GLITNIR BANKI HOLDS 100% OF FIM

In relation to the redemption proceedings concerning the minority shares in FIM Group Corporation (FIM), Glitnir banki hf (Glitnir) has today deposited the required security and has thereby obtained the title to the entire FIM stock of shares, as provided under Chapter 18, Section 6 of the Finnish Companies Act. After...

GLITNIR BANKI HAS A REDEMPTION RIGHT TO THE MINORITY SHARES IN FIM

8/16/2007 9:01 AM EST
FIM GROUP CORPORATION Stock Exchange Release 16 August 2007

GLITNIR BANKI HAS A REDEMPTION RIGHT TO THE MINORITY SHARES IN FIM

The Arbitral Tribunal appointed by the Redemption Committee of the Central Chamber of Commerce has today confirmed that Glitnir banki hf (Glitnir) has a right to redeem the minority shares of FIM Group Corporation and that Glitnir has the right to obtain the title to the minority...

Pekka Väisänen appointed CEO of FIM Group Corporation effective after delisting

8/10/2007 2:01 AM EST
Pekka Väisänen, M.Sc. (Politics) has been appointed CEO of FIM Group Corporation and Country Manager of Glitnir in Finland, effective after FIM has been delisted from OMX. FIM expects delisting to take place in early fall. Mr. Väisänen will also resume his current post heading FIM Brokerage.

Pekka Väisänen has been working for FIM since 2001. Before heading FIM Brokerage he worked as Group Development Director....

FIM’s Monthly Statistics July 2007

8/7/2007 9:01 AM EST
FIM Group Corporation Stock Exchange Announcement 7 August 2007

FIM’s Monthly Statistics July 2007

FIM Asset Management’s assets under management at the end of July 2007 were
3,586 million euro (2,733 million euro on 31 July 2006). Assets under
management increased 31 per cent compared to the same period last year. Total
assets under management in funds increased 39 per cent compared to year before
and...

Glitnir Bank half year results for 2007 ISK 16.5 billion (EUR 189 m) profit afte...

7/31/2007 9:01 AM EST
GLITNIR BANK PRESS RELEASE 31 JULY 2007

Glitnir Bank half year results for 2007
ISK 16.5 billion (EUR 189 m) profit after tax
24.2% return on equity

Financial Highlights
• Pre-tax profit for Q2 was ISK 11.3 billion, up by 34% from Q1 2007
• 45% of pre-tax profit was generated outside Iceland
• Net interest income in Q2 was ISK 9.7 billion up by 22% from Q1 07
• Fees and commissions increased by 22% in...

FIM GROUP CORPORATION’S PROFITABILITY IMPROVED CLEARLY IN Q2

7/31/2007 8:56 AM EST
FIM Group Corporation STOCK EXCHANGE RELEASE July 31, 2007

FIM GROUP CORPORATION’S PROFITABILITY IMPROVED CLEARLY IN Q2

Key figures for April-June 2007 (2006)

Net sales: EUR 28.2 million (21.8)
Growth in net sales: 29%
Operating profit: EUR 9.2 million (5.6)
Operating profit margin: 32% (26%)
Earnings per share: EUR 0.17 (0.10)

Key figures for January-June 2007 (2006)

Net sales: EUR 51.3 million...