Welcome to Iceland Guest - Your Online Travel Guide.

Iceland Guest is an information website for your travel to Iceland. On this site you can get all the tourist information you need for your vacation in Iceland. We hope that you will find this online travel guide useful in planning your holidays in Iceland.

About Iceland
Iceland is a refreshingly unconventional travel destination. The Icelandic nature is unspoilt, exotic and mystical with its spouting geysers, active volcanoes, tumbling waterfalls, towering mountains, vast lava plains and magical lakes. Iceland’s fjords, glaciers and highland plains present visitors with some of the most beautiful and enchanting places they will ever see, as well as a rare feeling of utter tranquillity.

For travelers on a quest for action, Iceland’s pristine nature offers great potential for outdoor activities such as snowmobiling, horse riding, cave exploring, hiking, swimming, skiing, river rafting, kayaking and mountain safaris on modified four-wheel drives, to name but a few. Iceland supports a surprisingly diverse Nordic flora and fauna and is an ideal place for ornithology enthusiasts, while also offering some of the world’s best whale watching destinations.

About Reykjavik
Reykjavík sometimes feels like a cosmopolitan capital and a tiny seaside village - all wrapped up in one. But Reykjavík has the best of both worlds; the qualities of a modern, forward-looking society complemented by a close connection to Iceland‚s beautiful and unspoilt nature.

Reykjavík’s legendary nightlife is bolstered by plentiful cultural and social happenings in addition to an abundance of first-class restaurants. The size of Reykjavik city centre is also limited enough to allow for easy navigation by foot. Reykjavík has been described as a young and daring city that is characterized by strong contrasts. Conveniently small, clean and safe, it is more or less free from the major problems that haunt many other capitals. Big city events are frequent, the winter lights festival finished recently with thousands of participants and more tourist at this time of the year than we are used to.

in Focus

26.4.2007

Iceland’s Kaupthing Increases Profits by 7.9 Percent

Kaupthing revenues before taxes were ISK 20.3 billion (EUR 279 million) in the first three months of 2007 a 7.9 percent increase compared with the same period in 2006.

In brief:

Net earnings of ISK 20.3 billion (EUR 279 million)
Shareholders' net earnings increased by 7.9% compared with the same period in 2006.
Return on equity in first quarter of 27.6% on an annualized basis.
Earnings per share of ISK 27.4 in Q1 2007 - compared with ISK 28.3 in Q1 2006
Operating income of ISK 44.1 billion - increasing by 24.3% compared with the same period in 2006.
Net interest income increased by 55.1% compared with the same period in 2006.
Net fee and commission income increased by 43.4% compared with the same period in 2006.
Operating expenses of ISK 17.7 billion - an increase of 41.1% compared with the first quarter of 2006.
Total assets of ISK 4,198 billion (EUR 47.7 billion) at the end of March 2007, increasing by 10.1% at a fixed exchange rate from the beginning of the year and by 3.5% in ISK.

Hreidar Már Sigurdsson, CEO
"We have made a good start to the year and all the Bank's main offices have delivered solid results. Interest income and commission income have increased sharply which is a result of the hard work we put in last year to integrate activities across the group. We are especially satisfied to see the Bank perform so well in the UK. Earnings there have increased and the income base has broadened. The Bank is better placed than ever to achieve continued growth, and the outlook on our key markets is bright."

Further information
For further information on the results please contact Jónas Sigurgeirsson, Chief Communications Officer on +354 444 6112 or Ólöf Hildur Pálsdóttir, Investor Relations, on +354 444 6569 (ir@kaupthing.com). Information on Kaupthing Bank is also available on the Bank's website www.kaupthing.com.

About Kaupthing Bank
Kaupthing Bank is a northern European bank offering integrated financial services to companies, institutional investors and individuals. These services include corporate banking, investment banking, capital markets services, asset management and comprehensive wealth management for private banking clients. The Bank operates in ten countries, including all the Nordic countries, Luxembourg, Switzerland, the UK and the US. In addition the Bank operates a retail franchise in Iceland, where it is headquartered.

Kaupthing Bank is currently among the seven largest banks in the Nordic region in terms of market capitalization. Through sound organic growth and strategic acquisitions like the UK bank Singer & Friedlander in 2005 and FIH Erhvervsbank in Denmark in 2004, Kaupthing Bank has fortified its position to provide outstanding services to its client base in the UK, the Nordic countries and elsewhere in northern Europe. The Bank has 2,719 employees and total assets of EUR 42.9 billion (as of 31 December 2006).

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