News

  • The Annual General Meeting of Old Byr Holding ehf. was held on 28 March 2017.
  • The Annual General Meeting of Old Byr Holding ehf. will be held on 28 March 2017 at the offices of Logos Legal Services in Efstaleiti 5, 103 Reykjavík and will start at 3 PM.
  • The Board of Directors of Old Byr Holding ehf. (tax no 471215-2280) hereby gives notice that an Extraordinary General Meeting of the Company will be held on 22 November 2016 at Ránargata 18 in Reykjavík and start at 2 PM.

Interim Board

On 22 April 2010 the Financial Supervisory Authority (FME) appointed an Interim Board for Byr Savings Bank.
 
The appointment was based on Provision VI and Article 100a of Act no. 161/2002 on Financial Undertakings, as amended with Act no. 44/2009.  The Interim Board operates in accordance with the same Act and under the same Articles as the old board of directors and the meeting of guarantee capital holdingers.
 
Interim board members are:
 - Eva Bryndís Helgadóttir, Supreme Attorney, Chairman
 - Árni Ármann Árnason, Supreme Attorney
 - Ágúst Kristinsson, Certified Public Accountant
 
As long as the Interim Board is in control, the Bank is under the same legal enforcement limitations as if it were in a winding-up.  The Interim Board shall therefore only take actions for significant interests that require urgent actions.
 
The Interim Board's control over the Bank ends automatically three months after its appointment, unless exceptions in items 1 to 3 of paragraph 4 of Article 100a of Act no. 161/2002 on Financial Undertakings apply.  If control of the Interim Board ends automatically without the Bank being put into a winding-up process, its banking license will be withdrawn if a new board has not been appointed.
 
 

End of Interim Board

The role of the Interim Board came to an end on 2 July 2010 when the District Court of Reykjavik appointed a Winding-up Board for the Bank.