- 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."