The Norwegian subsidiary of Glitnir Bank, Glitnir Bank ASA, was sold for NOK 300 million on October 21, 2008, or ISK 5.5 billion, but its current worth is estimated at ISK 36.5 billion. Glitnir Bank ASA was bought by 20 savings banks.
Glitnir Bank ASA's Norwegian unit was sold for NOK 300 million on October 21, 2008, or ISK 5.5 billion, but its current value is estimated at ISK 36.5 billion. The bank's assets were subsequently acquired by 20 savings banks.