Recently markets have been difficult for financial institutions, especially in terms of liquidity.
In view of market conditions Straumur Investment Bank gives update on the bank´s funding activities and current liquidity.

Straumur Investment Bank has EUR 717 million of long-term debt maturing in 2008.

Straumur Investment Bank had more than 270 days of secured liquidity as of January 1st 2008

The bank uses a less conservative measure referred to as unsecure liquidity which takes into account other liquid assets such as listed shares. According to this measure the bank is liquid for 340 days.

The secured liquidity of the Bank consists of cash, high grade international repo-able bonds and back-up facilities with a maturity of over one year and without MAC clauses. 

Straumur Investment Bank has a strategy of diversifying its sources of funding and the recent funding activities of the bank have all taken place outside of Iceland which emphasizes the strength and diversification of the banks funding.

The past few weeks have been very successful for Straumur Investment Bank in terms of funding.  The outlook for further funding in the year 2008 is also positive.

For further information contact:

Georg Andersen
Director of Investor Relations

Tel: +354 5856707
Mobile: +354 8586707