FAQ
Here you will find the most frequently asked questions about Kaupthing Bank listed by different topics.
General Information
Kaupthing Bank Shares
Financial Information
Dividends
General Information
1. When was Kaupthing Bank founded?
In 2003 Kaupthing Bank, which was founded in 1982, merged with the agricultural bank of Iceland, Búnadarbanki Íslands (1929).
2. What are the business objectives of Kaupthing Bank?
- Maximize the Bank’s value and long-term shareholder value
- Achieve at least 15% long-term return on equity
- Sustain solid growth without compromising profitability
- Maintain a Tier 1 capital ratio in excess of 8.0% and a CAD ratio in excess of 11.0%
- Maintain a dividend payout ratio of 10% to 30%
- Develop and maintain dependable, long-term relationships with clients
- Increase Deposits/Loans to customers ratio to 50%
3. How many employees work at Kaupthing Bank and how many of them are based in Iceland?
The Bank employs 3,207 (as of 30 June 2008) of which 1,187 are based in Iceland.
4. What are the ticker symbols for Kaupthing Bank?
OMX Nordic Exchange in Iceland : KAUP
OMX Nordic Exchange in Stockholm: KAUP SEK
Bloomberg: KAUP IR (Iceland) / KAUP SS (Stockholm)
Reuters: KAUP IC (Iceland) / KAUP ST (Stockholm)
OMX Nordic Exchange in Stockholm: KAUP SEK
Bloomberg: KAUP IR (Iceland) / KAUP SS (Stockholm)
Reuters: KAUP IC (Iceland) / KAUP ST (Stockholm)
5. In which countries does Kaupthing Bank operate?
The Bank operates in all of the Nordic countries (Denmark, Finland, Iceland, Norway and Sweden) and in 7 countries in mainland Europe (the UK, Luxembourg, Belgium, Switzerland, Germany, Austria and the Isle of Man), as well as the US, the Dubai International Financial Centre (DIFC) and the Qatar Financial Centre (QFC). In Denmark, Kaupthing Bank operates under the name FIH Erhvervsbank.
6. What credit ratings does Kaupthing Bank hold?
Kaupthing Bank has been rated by two international agencies: Moody’s and Fitch. The Bank has a long term rating of A1 with Moody's and a long term BBB with Fitch. Further information
Kaupthing Bank Shares
1. Where does Kaupthing Bank list its shares?
Kaupthing Bank is listed on the OMX Nordic Exchange in Iceland and the Stockholm OMX Nordic Exchange in Stockholm.
2. What is the market value of Kaupthing Bank shares?
You can find the Bank’s current market value in our fact sheet
3. What types of shares have been issued?
All shares are of the same class and entitle shareholders to equal parts in the Bank's assets and profits.
4. Where can I buy Kaupthing Bank's shares?
Contact a Kaupthing Bank consultant at +354 444 7000 or send us an e-mail at investing@kaupthing.com. All e-mails will be answered within one business day.
5. In what currencies are Kaupthing Bank's shares traded?
Kaupthing Bank shares are traded in ISK on the OMX Nordic Exchange in Iceland and in SEK on the OMX Nordic Exchange in Stockholm.
6. How many outstanding shares of Kaupthing Bank are there?
Kaupthing Bank's share capital amounts to ISK 7,404,530,530, consisting of 740,453,053 shares. (December 2007)
7. What is the par value of Kaupthing Bank shares?
Each share in Kaupthing Bank has a nominal value of ISK 10 and entitle its holder to one vote.
8. Are Kaupthing Bank's shares liquid?
Shares in Kaupthing are highly liquid. Trading in the Bank’s shares averaged approximately ISK 3.2 million shares per trading day during 2007, with a turnover rate of 107% over the year and 165% if the OMX free float adjustment is taken into account. Most of the trading with the Bank’s shares takes place in Iceland, with 76.1% on the OMX Nordic Exchange in Iceland and 23.9% on the OMX Nordic Exchange in Stockholm on average for the whole year. In terms of market capitalisation, Kaupthing was the largest company listed in Iceland and the 24th largest listed on the OMX Nordic Exchange in 2007.
9. How many shareholders are there in Kaupthing Bank?
There are around 32,000 shareholders in Kaupthing Bank.
10. How do the shareholders break down?
Please refer to the Bank's list of shareholders for up-to-date information.
11. Who are the largest shareholders?
See our list of shareholders for up-to-date information.
12. Where can I find the historical share price for Kaupthing Bank?
You can access historical share prices on the share price look-up page.
Financial Information
1. Where can I get a copy of the annual report?
The annual report is available on both PDF and HTML forms.
2. What are Kaupthing Bank’s financial targets?
At least 15% long-term return on equity
Payout Ratio between 10-30% of net profit
Tier 1 ratio over 8%
CAD ratio over 11%
Payout Ratio between 10-30% of net profit
Tier 1 ratio over 8%
CAD ratio over 11%
3. How is revenue generated?
The Bank's latest presentation always contains the most up-to-date information on revenue.
4. Who are Kaupthing Bank's auditors?
KPMG Auditors – Sigurður Jónsson
Borgartuni 27
108 Reykjavik
Iceland
Borgartuni 27
108 Reykjavik
Iceland
5. What currency does Kaupthing Bank use to report?
Kaupthing Bank's financial accounts are reported in ISK.
6. Where can I find financial information on the Bank?
You can find Kaupthing Bank's most up-to-date financial information on the Bank's Investor Relations site.
7. How does Kaupthing Bank define its fiscal year?
Kaupthing Bank's fiscal year ends on 31 December.
Dividends
1. Does Kaupthing Bank pay dividends?
Kaupthing Bank's dividend policy is to pay out dividends amounting to about 10%-30% of the Bank's net earnings every year. However, there can be no assurance that in any given year dividends will be proposed or declared at all.
Dividends may be payable only if Kaupthing Bank has sufficient free reserves to allow the distribution of dividends. The Annual General Meeting makes decisions regarding the distribution of dividends after the Bank's Board of Directors has submitted its proposal to this effect. It may not decide to distribute more dividends than proposed by the Board of Directors. Historically, the Annual General Meeting has usually approved dividends as proposed by the Board of Directors.
Dividends may be payable only if Kaupthing Bank has sufficient free reserves to allow the distribution of dividends. The Annual General Meeting makes decisions regarding the distribution of dividends after the Bank's Board of Directors has submitted its proposal to this effect. It may not decide to distribute more dividends than proposed by the Board of Directors. Historically, the Annual General Meeting has usually approved dividends as proposed by the Board of Directors.
2. When are dividends typically paid out?
Dividend payments are usually been made once a year in connection to the Annual General Meeting. Entitlement to dividends is based on the Bank's share register as current at the close of the day of the Annual General Meeting.
3. When is the next AGM?
Please refer to the Bank's event calendar.