Íbúðalánasjóður - Financial Statement Release

The Housing Financing Fund's Financial Statements 2016

Financial Statements 2016 and Press Release

Attacehed is The Housing Financing Fund´s Financial Statements 2016 and HFF
Press Release. 

                        Turnaround in operations in 2016



Better results due to increased quality of the loan portfolio, an increase in
interest bearing assets in excess of debts and decreased operating costs. 

                                                                                

  -- The Housing Financing Fund's results amounted to ISK 4,257m.
  -- The equity base is 7.26% which is the highest proportion since the Fund was
     established
  -- Default loans were 2.9% – a significant reduction from the 6.9% in 2015 
  -- The sale of appropriated assets realised more than ISK 20,000m, which was
     invested in interest bearing assets.

Attachments:

Press release 3 mars 2017 V4 engl.docx

HFF FINANCIAL STATEMENTS 2016 signed engl.pdf