The companys turnover decreased from ISK 1,06 billion in 2000 to ISK 863 million in 2001 and ISK 598 million in 2002.

Total capitalisation of the new banks therefore amounted to approximately 346 billion ISK.

The share capital provided by the old banks to the new ones amounted in total to approximately 156 billion ISK.

It lists 16 companies with a market cap of ISK 836.5 billion.

As it turned out, the value of issued Glitnir shares collapsed from over 200 billion ISK to 26 billion ISK in one day.

But that all changed when the 12 billion ISK ($155 million CDN) Hedinsfjardargong mountain tunnel project opened in 2010, finally connecting the village to Iceland’s main transportation networks.