The Web of Ownership

Gudrun Johnsen

Chapter Chapter 10 in Bringing Down the Banking System, 2014, pp 109-117 from Palgrave Macmillan

Abstract: Abstract As early as 2004, market participants noticed the rapid growth of the balance sheets of the Icelandic banks. It was widely acknowledged that the banks were engaged in takeover activities as well as in establishing their branches abroad from the ground up. As it turned out, the year-over-year organic growth of the combined assets of the three banks—excluding all acquisition activities—was phenomenal, ranging from 36 to 66 percent.1 External growth (reflecting acquisitions) was also intensive, especially in 2004–2005 (Table 10.1).2

Keywords: Balance Sheet; Business Group; Parent Company; Organic Growth; Bank Credit (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-34735-0_10

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DOI: 10.1057/9781137347350_10

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