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Finsbury partner Morgan Bone is leading the account which is believed to be worth around 100,000 a year. Finsbury and 2 other unnamed agencies were thought about for the work, granted earlier this month on a kept basis. The bank uses Icelandic company Inntak PR in its home market. Landsbanki senior director Larus Welding said: 'We were the mandated lead arranger for [Icelandic investment firm] Baugur Group's acquisition of [UK jeweller] Goldsmiths in May.

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' We got some press at that time, and when you are not represented you get bad press or extremely loose press. We wished to make certain things were stated precisely and that we were understood properly.' Landsbanki has owned Heritable Bank given that 2000 and operates in the syndicated loans and leveraged financing markets in the UK.

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It manages 4. 5bn of possessions, making it Iceland's second-biggest bank by possessions after Kaupthing Bank. Initially Solution Can Be Seen Here -owned, Landsbanki was privatised in February last year and has a 30 per cent share of the country's deposits and providing market. Landsbanki also owns a 51 per cent stake in leasing company SP Financing.

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