- BYR Savings Bank has bought operations of Verðbrefaþjónusta sparisjóðanna, VSP hf

Stockholder´s meeting of Verðbréfaþjónusta sparisjóðanna hf. (VSP) has agreed
to sell the operations of the company to Byr Savings Bank. The transaction is
subject to the approval of the Icelandic Financial Supervisory Authority and
Competition Athority. 

Employees of Byr and VSP will contact VSP´s customers soon.

For further information, contact Byr, +354 575 4000

Ragnar Z. Guðjónsson, CEO
Magnús Æ. Magnússon, CEO