4 May 2009
On 19 March 2009 the District Court of Reykjavik granted
Straumur-Burdaras Investment Bank hf ("Straumur" or "the Bank") a
moratorium on payments to creditors; the moratorium process expires
on 11 June 2009, as announced on 19 March 2009.
The restructuring of Straumur is now in process and the management of
the Bank has met with Straumur's creditors to facilitate a financial
and operational restructuring of the Bank as announced on 30 March
and 17 April 2009.
Reflecting the Bank's position The Financial Supervisory Authority -
Iceland (FME) has granted Straumur a permission to delay the
publication of the 2008 annual accounts until the end of May 2009.
For further information contact:
Georg Andersen
Head of Corporate Communications
Phone: +354 585 6707
georg@straumur.com
Straumur delays the publication of annual accounts
| Source: Straumur-Burðarás Fjárfestingabanki hf.