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Landsbankinn reported a profit of 33.1 billion ISK for the first nine months, an increase of 3.7 billion, though management expressed concerns about potential loan losses from the struggling construction sector. Islandsbanki also saw its profit rise by over 13% to 21.8 billion ISK in the first nine months, with 7.3 billion in the last three, driven by increased interest margin income, and plans staff reductions while setting aside more for potential loan losses. [cite: Heimildin - Landsbankinn…
Heimildin:
Landsbankinn Profit of 33 Billion; Concerns Over Construction Companies
Landsbankinn's profit increased by 3.7 billion ISK in the first nine months to 33.1 billion, but management is concerned about potential loan losses from the struggling construction sector.
Heimildin:
Islandsbanki Profit of 7.3 Billion in Three Months
Islandsbanki's profit rose by over 13% in the first nine months to 21.8 billion ISK, with increased interest margin income, while also setting aside more for potential loan losses and planning staff reductions.
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