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Saga Capital is an independent, autonomous institution that provides a comprehensive range of investment services, including corporate finance,
securities brokerage, asset management, bond issues and investment advice for companies, institutions and other institutional investors. Contact us through sagacapital@sagacapital.is
Latest news
Thursday 20.October 2011
Saga’s operating license revoked
The Icelandic Financial Supervisory Authority has revoked Saga Investment Bank’s operating license. The reason for the revocation is that the bank's capital base is under the statutory minimum requirement, which amounts to EUR 5 million, the equivalent of ISK 800 million.
The revocation...
Monday 26.September 2011
Saga Investment Bank seeks composition
With a court ruling today, Saga Investment Bank was authorized to seek composition. Under the proposed bill creditors get their claims paid in full, but creditors with claims of more than 11 million defer payment of their claims for up to nine months and get 1% of their claims paid in new shares in...
