Funding the Banks
Gudrun Johnsen
Chapter Chapter 6 in Bringing Down the Banking System, 2014, pp 75-82 from Palgrave Macmillan
Abstract:
Abstract As the new owners of the three largest Icelandic banks took over, the funding of the banks consisted of 6.7 percent shareholder’s equity, approximately 30.5 percent customer deposits, and 62.7 percent bonds issued to foreign banks based on long-standing business relationships.1 The funding profile changed after privatization, however, as the banks began issuing bonds in the European Medium Term Note (EMTN) market (see Figure 6.1).
Keywords: Basis Point; Credit Rating; Credit Default Swap; Foreign Bank; Marathon Runner (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_6
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DOI: 10.1057/9781137347350_6
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