http://www.marketwatch.com/news/story/land...}&dist=hppr
http://www.efinancialnews.com/homepage/con...0737/restricted

I know a lot of you guys have money saved with Icelandic banks as I have! Some with bonds up to 3 years and over 35k saved. Here are all the banks results which should reassure you especially with UK banks making massive losses. You have to go on the results and these are good result in difficult times.

http://www.efinancialnews.com/investmentbanking/index/content/2451420997/restricted

Glitnir and Kaupthing have reported solid earnings performances in the first half of the year, rounding off a better than expected results season for ther Icelandic banking sector despite a cocktail of factors that have buffeted the strength and stability of the country’s main banks over the last six months.

http://www.landsbanki.is/english/aboutland...s/?NewsID=12659

"Iceland’s Landsbanki has delivered a “satisfying” set of results in the first half of the year, demonstrating robust liquidity levels and capital ratios and its resilience to the challenging market environment with a 12% rise in net profits on a year earlier" Pre tax profit of EUR 270m

http://www.kaupthing.com/pages/164?path=K/133944/PR/200807/1239369.xml

Hreidar Már Sigurdsson, CEO
"Kaupthing continues to perform well. Return on equity for the first half of 2008 was 20% and it is satisfying to see the Bank meet its ROE target in the face of the upheaval on the financial markets. Our main achievement has been to successfully protect our equity and liquidity positions. The Bank's equity hedge and indexed assets have protected the Bank against the turmoil in the Icelandic economy. We have made excellent progress in recent months in raising deposits, which are up 28% in the second quarter, and we are confident that the Bank will reach its goal of a 50% deposit/loan ratio by the end of the year. The Bank is therefore well funded and liquidity remains solid. Kaupthing is susceptible to the turbulence on the international markets like other banks, and this is underlined by the lower financial income and higher impairment on loans. However, Kaupthing's business is well diversified geographically, risk management is robust and the quality of assets remains good. We therefore believe our asset portfolio is well able to contend with the continuing market unrest."