News

  • In April 2013 BYR filed a recision case against Islandsbanki hf. and claimed repayment of bonds it had redeemed prior to maturity.  The payments were made in February and March 2009 and totaled ISK 161 million.
  • Creditors meeting of Byr Savings Bank will be held on Wednesday, 26 February 2014, at 10 AM.
  • As a part of the winding-up proceedings, the Winding-up Board reviewed whether any bonds issued by BYR or its predecessors had been redeemed prior to maturity.

Winding-up Proceedings

This is the official site of Byr Savings Bank during the winding-up proceedings. 
 
Byr Savings Bank is currently in a winding-up proceedings, during which the Bank is headed by a Winding-up Board appointed by the District Court of Reykjavik.  The Board is responsible for maximizing the Bank's assets and handle the claiming process.
 
Byr Savings Bank
Ranargotu 18
101 Reykjavik
Iceland
 
Reg. no. 610269-2229
 
Winding-up Board
 
 
 

Important dates

A date for the next creditors' meeting has not been set.
 
 
 

Notice on the sale to Islandsbanki

Byr Savings Bank has sold its share in Byr hf. to Islandsbanki hf. and the two banks have merged under the name of Islandsbanki.  The sale was finalized on 23 November 2011 and the merger on 27 November 2011.
 
PLEASE NOTE that in June 2013 Islandsbanki filed a claim with the Winding-up Board of Byr Savings Bank claiming repayment of the complete purchase price and all interests paid.  The Winding-up Board has rejected the claim.  For further information, see the News section of this web page.